The Full Monti, Mario that is!
Monday, November 14, 2011 at 06:35PM
Silver Prices

 

Mario Monti

Another unected banker takes the helm, as Italy appoints Mario Monti as their new interim Prime Minister. Unelected leaders always irritate us, but this is an interim appointmnet and maybe his position will get the support of the people via a future election.

The following is a snap shot of his CV:

Mario Monti has been a member of the European Commission in charge of Competition since September from 1999 to 2005. In the previous Commission (1995-1999) he was in charge of the Single Market, Financial Services and Tax Policy.

From 1989 to 1994 he had served as Rector of Milan's Bocconi University , of which he has been appointed President in 1994. At Bocconi he was professor of Economics and Director of the Institute of Economics. Born in Varese in 1943, he received a degree in economics at Bocconi University and pursued graduate studies at Yale University .

He taught at the Universities of Trento and Turin before returning to his alma mater. He has also been a member of the board of directors of several companies. He has been contributing regularly to the Italian newspaper "Corriere della Sera" from 1978 to 1994.

A collection of his essays was published under the title "Il governo dell'economia e della moneta. Contributi per un'Italia europea: 1970 - 1992" (Longanesi, 1992). He is the author of many publications, in particular on Monetary and financial economics, Fiscal policy and European integration.

His recent publications include "Intervista sull'Italia in Europa" (Laterza, 1998). He served as President of SUERF (Société Universitaire Européenne de Recherches Financières) from 1982 to 1985 and of the Treasury Ministry's Committee on the Italian financial system which indicated the lines for the nation's financial policies for the Eighties.

In the late 1980's he was a member of the Industry Ministry's Committee which drafted Italy 's first law on Competition.

We understand that Mr Monti is also listed by Goldman Sachs, the investment bank, as one of its of international advisers. Also note that Mario Draghi, who is now head of the European Central Bank is also a former Goldman Sachs executive.

We are not paranoid, Honest!

Mario Draghi

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Stay on your toes and have a good one.

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