Monti plans ‘Greek-style’ takeover of Sicily to avert default


London Telegraph
July 19, 2012

COMMENT: Prime Minister Mario Monti remains central to the banker-takeover of Europe and the world, which is now largely admitted. He is of course a long-term and frequent attendee at Bilderberg, and a senior international advisor to Goldman Sachs. His unelected rule by technocrats represents the future these globalists are working now to finalize, less the world stop them.

Mr Monti held an “urgent” meeting with the country’s president Giorgio Napolitano on Wednesday to grapple with the constitutional issue after it emerged that the region faces a deficit of up to €7bn (£5.49bn) this year and is in danger of default without sweeping cuts.

Sicily’s regional councillor Andrea Vecchio warned that the island has run out of money. “I’m afraid we will soon no longer be able to pay civil servants’ salaries,” he said.

“The developments in Sicily are very serious,” said Prof Giuseppe Ragusa from Luiss University in Rome. “It is just the sort of negative shock we don’t want right now. Everything has to go perfectly for Italy to pull through.”

The full extent of Sicily’s crisis came to light just before Moody’s downgraded a string of Italian regions, cutting many to levels even lower than Sicily. Piedmont, Abruzzo, Calabria, Lazio, and Campania were all slashed. The City of Naples fell to junk status, plagued by “systemic pressure” from a deep social and economic crisis.

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