Bilderberg member and former Goldman Sachs advisor, now unelected Italian PM, orders Italy to sell €10bn assets to cut debt and pay bills

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Bilderberg member and former Goldman Sachs advisor, now unelected Italian PM, orders Italy to sell €10bn assets to cut debt and pay bills

Daily Telegraph – Speaking at a news conference on Friday afternoon, Italian Prime Minister Mario Monti said the government’s so-called “growth decree” included measures to dispose of property assets, including military sites, and reduce “the structure of the state”. By the end of the year the Economy Ministry will complete the sale of Sace, an insurer of Italian companies’ activities abroad, Simest, a service provider to Italian companies operating outside the country, and Fintecna, a holding company. Concerns have grown this week that Italy could be the next country to succumb to a debt crisis that has spread from Greece, Ireland and Portugal to Spain. A €100bn bailout for the Spanish financial sector last weekend was intended to calm markets and push down borrowing costs that have jumped above 7pc for Spain and 6pc for Italy – levels that are considered unaffordable in the long term. Read Article

Editorial Comment – According to his bio Monti is a member of the Bilderberg Group, he has also been an international advisor to Goldman Sachs and The Coca-Cola Company. He has also been a member of the “Senior European Advisory Council” of Moody’s and he is one of the members of the “Business and Economics Advisors Group” of the Atlantic Council.

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