Trilateral takeover of Europe?

Trilateral Commission member Mario Monti

The sovereign debt crisis tightening its grip on Europe has claimed the scalps of two prime ministers – those of Greece and Italy. Looking at the men poised to replace them, one cannot but ask – is this another turn of the screw for ordinary people? - Greece and Italy hold huge swathes of public debt they are unable to service unless they get massive European Central Bank and International Monetary Fund support, as a prelude to refinancing by international banks. Greece has replaced its prime minister after he dared to say he would put a further round of harsh austerity measures to a referendum vote. The country’s new PM is Lucas Papademos, former vice president of the ECB and of Greece’s own Central Bank, and a member of David Rockefeller’s (JPMorgan Chase/Exxon) powerful Trilateral Commission. As for Italy, instead of Silvio Berlusconi they got the former European Commissioner Mario Monti, who happens to be European chairman of the Trilateral Commission. Whenever we hear of “sovereign debt crises” – whether in Mexico 1997, Brazil 1999, in my native Argentina in 2001/2, or today in Greece, Italy, Spain, Portugal, Ireland and (soon to come) the UK, France, or the US – what it really means is that governments cannot collect enough tax revenues from their people to pay interest and capital on debt that is mostly in the hands of private banking institutions.

Russia Today: Unelected eurocrats hijack sovereign states? - The project that sought to unite Europe, 17 countries of which now share a single currency, attracted fierce criticism from the very beginning. As far back as 2004, European Parliament member Nigel Farage warned: "We have witnessed the beginning of a dishonest and downright dangerous German presidency [which seeks] to revive the EU constitution but to do it in such a way that you want to avoid referendums in the key member states.” Some might now be wishing they had heeded the warnings as one after another of the member states begins to wobble, with Italy being the latest to come under scrutiny.

Stefan Steinberg: Resignation of Italy’s Berlusconi clears way for “technocratic” government chosen by the banks - The moves toward forming a technocratic government in Italy follow the formation of a similar regime in Greece last weekend. These examples of regime change come on the heels of government changes in Ireland, Portugal, Spain and Slovakia, all within the space of the past year. In each case, the change of government followed intense pressure from the banks and leading European and international financial institutions intent on imposing regimes capable of implementing crushing austerity measures. According to the newspaper Corriere della Sera, Monti plans to name Guido Tabellini as finance minister in his new cabinet. Tabellini, 55, is a professor of economics at Bocconi University in Milan, where Monti presides as president. Even the post of foreign minister is evidently to be handed over to a banker. The newspaper reports that Giuliano Amato, a former prime minister and currently an adviser to Deutsche Bank, will be the country's new foreign minister.

Daily Mail: Merkel: 'Europe's toughest hour since World War II'
Michael Roberts: Italy and Greece: Rule by the Bankers
Harold Meyerson: Banker's Choice
Stephen Lendman: Financial Tyranny Rules Eurozone