Replacements: off with their heads, bring in the new heads.

10 Nov

Three new leaders in three countries in a few days.  This is the quickening, the acceleration.  These guys are making their move.  Look who these new appointed leaders are: there is more here than just new names.

Libya.  The NTC named a new Libyan Prime Minister earlier this week. The new PM is el-Keib, who has lived in the US for over 30 years.  He graduated from USC in ’76, went on to get a doctorate here and ended up teaching at U of Alabama for more than twenty years.  He has actually lived here in the US for over 30 years. He is also a faculty member of the Petroleum Institute, a think-tank funded by BP and other British, French and US oil firms; his time spent outside the US involves work in the UAE for the Institute.  You may reference my earlier article about his “election” for more information.

Greece.  Greece has named a new Prime Minister, Lucas Papademos.

ATHENS: Former European Central Bank vice-president Lucas Papademos will head Greece’s new crisis coalition, the president’s office said on Thursday, ending suspense over who will try to save the country from default, bankruptcy and an exit from the euro zone.

The coalition will be sworn in at 1200 GMT on Friday, a presidential official said after Papademos struck a deal on the national unity government with outgoing Prime Minister George Papandreou and the opposition leader. “The Greek economy is facing huge problems despite the efforts undertaken,” Papademos said as he emerged from the talks brokered by President Karolos Papoulias.

“The choices we make will be decisive for the Greek people. The path will not be easy but I am convinced the problems will be resolved faster and at a smaller cost if there is unity, understanding and prudence.”

Papademos, a respected figure in European capitals and on financial markets, said the coalition had the specific task of implementing a 130-billion-euro ($177 billion) bailout deal with the euro zone before calling an early election. ..

These [stipulations] included a demand that both Papandreou’s socialist PASOK and the New Democracy party of Antonis Samaras give a written undertaking to support the euro zone bailout package, which stipulates austerity measures which are likely to be highly unpopular with Greek voters…EU Economic and Monetary Affairs Commissioner Olli Rehn, exasperated by broken Greek promises, has already insisted the leaders sign up before receiving even an 8 billion euro instalment from Greece’s original bailout deal pulled together last year.

Unless Greece gets that money, it will default next month when big debt repayments come due. However, Germany and France have made clear they will not compromise the euro zone’s stability for the sake of Greece, and told the nation that it must decide whether it wants to stay in the bloc or not.


Papademos served as the senior economist at the Federal Reserve Bank of Boston in the 1980’s after studying at several American universities.  He was the vice president at the European Central Bank until last year.  He is a member of the Trilateral Commission (David Rockefeller’s neoliberal think tank).

Italy.  The favored proposed leader to take over Italy’s government is Mario Monti:

Reuters: Former European Commissioner Mario Monti emerged on Thursday as favorite to replace Silvio Berlusconi at the head of an emergency government as Italy’s politicians rushed to ward off a crisis that is endangering the entire euro zone.

Dithering politicians seemed finally to have got the message overnight after Italy’s borrowing costs soared way above sustainable levels, and Monti was expected to be appointed within days to try to restore Rome’s credibility…

Political sources said the timetable imposed by an alarmed President Giorgio Napolitano could see a broad-based Monti government as early as Sunday night or Monday.

Monti, a highly respected international figure, has been pushed by markets for weeks as the most suitable figure to lead a national unity government that will urgently push through painful austerity measures

Both houses of parliament are expected to pass a financial stability law incorporating economic reforms promised to the European Union by Saturday or Sunday. This is the trigger for Berlusconi’s resignation as agreed with Napolitano on Tuesday.

Before the new sense of urgency this process was expected to take at least a week. Napolitano could then hold formal consultations with political parties in a few hours instead of the usual days or weeks and appoint Monti by Sunday or Monday, the sources said…

Napolitano appointed Monti a senator for life on Wednesday, in a move widely seen as a sign he would ask the academic to try to form a government…

IMF head Christine Lagarde added her voice to calls for an end to the impasse, saying that lack of political clarity in Italy was fuelling uncertainty in the markets…

He gave assurances that Berlusconi would honor his pledge to step down after parliament approved reforms geared to placate markets and he would waste no time in either appointing a new government or calling new elections…

Commentators said, however, that he might still face difficulty getting support for unpopular measures.


Mario Monti is not just a European Commissioner and a current international adviser to Goldman,Sachs, he is also the following: the European Chairman of the Trilateral Commission (David Rockefeller’s neoliberal think tank) and a member of the Bilderberg Group.

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Posted by on November 10, 2011 in austerity, Greece, Libya, Wall St and banks


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