Chicago Sun Times: “Monti forms new Italian govt with no politicians”
Economist Mario Monti formed a new Italian government without a single politician Wednesday, drawing from the ranks of bankers, diplomats and business executives to make sure Italy escapes looming financial disaster.
The 68-year-old former European Union competition commissioner told reporters he will serve as Italy’s economy minister as well as premier for now as he seeks to implement “sacrifices” to heal the country’s finances and set the economy growing again.
Explaining why his Cabinet contained no one from Italy’s fractious political parties, Monti said that his talks with party leaders led him to the conclusion “that the non-presence of politicians in the government would help it.”
Here is Mr. Monti’s resume according to Wiki (which see for references):
Mario Monti holds a degree in economics and management from Bocconi University, Milan. He completed graduate studies at Yale University, where he studied under James Tobin, the Nobel prize-winning economist.
He taught economics at the University of Turin from 1970 to 1985 before moving to Bocconi University, where he was its Rector from 1989 to 1994, and has been its President since 1994. He was also the President of SUERF (The European Money and Finance Forum) from 1982 to 1985. His research has helped to create the ‘Klein-Monti model’, aimed at describing the behaviour of banks operating under monopoly circumstances.
Monti is a member of the Presiderium of the Friends of Europe, a leading European think tank, was the first chairman of Bruegel, an European think tank founded in 2005. He is the European Chairman of the Trilateral Commission, a think tank founded in 1973 by David Rockefeller. He is also a leading member of the Bilderberg Group.
Monti is an international adviser to Goldman Sachs and The Coca-Cola Company.
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