This page has been archived and commenting is disabled.

Italian "Austerity" In Action: Maserati For Its UK Ambassador

Tyler Durden's picture




 

While we already know how Spain's Prime Minister is celebrating the country's brand new austerity budget (From Bloomberg: "The premier and five staff drank 10 beers and seven bottles of wine with a dinner of filet steak and turbot on their flight back from a European championship soccer match the day after Spain asked its European partners for a 100 billion-euro bailout to recapitalize its banks, the weekly reported, citing catering bills from the Spanish Air Force.") there was little color on how the "other" country undergoing austerity (not really) for the common man was enacting belt-tightening and spending reductions. We say "not really" because as we have shown, Europe has yet to actually implement austerity. And yet the people suffer. Or rather, once again, it is the common man who suffers, and because of that is convinced that the government is spending less. It certainly isn't as we showed in the case of Spain whose tax revenues have increased even as spending has increased, promises to the contrary notwithstanding. But where is the money going then? Surely if the common man is suffering, everyone else must be too. Turns out the answer is no. As the following picture below shows, where previously a simple Lancia with the license plate "ITA1" once stood, the car that is now proudly parked in the same spot and drives around Italy's ambassador to the UK, Alain Giorgio Maria Economides (read his heartfelt message to all here), is a new Maserati Quattroporte.

More here:

On the 6th of June 2011, Maserati proudly sponsored an exhibition of works by Italian Contemporary artists in the beautiful scenario of the Italian Embassy in Mayfair.

 

The Maserati Quattroporte, official car of the Italian Ambassador in London, took pride of place in front of the entrance along with a Maserati GranTurismo S Automatic and a Maserati GranCabrio: the perfect addition to the showcased art works.

 

The over 150 guests welcomed by the Italian Ambassador Alain Giorgio Maria Economides, enjoyed a pleasant evening surrounded by spectacular Italian art.

 

And while one may claim that all Italy did is rotate from one Italian-made car to another, what really happened is public funding was used to purchase a $200,000 car that ultimately padded the revenues of a private, publicly-traded company, Fiat (which last we checked has not been nationalized. Yet) and its shareholders. Because all that is happening is public money going to private profits, i.e. the 1%: precisely what everyone lately has been agitating against.

And yet nobody cares.

So the next time the "common people" in Italy (or Spain, or Greece, or any other country) ask why their standard of living is deteriorating even as public spending and debt issuance continues to simply go up, look at the picture above... or that of the Italian ambassador to the UK below.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 10/02/2012 - 13:02 | 2848833 Lohn Jocke
Lohn Jocke's picture

Yeah...but he wanted a Bugatti Supersport...

Tue, 10/02/2012 - 13:29 | 2848939 SilverDOG
SilverDOG's picture

So he can race it at the new, being built, Greek Formula 1 track, right?!

Tue, 10/02/2012 - 13:37 | 2848968 knukles
knukles's picture

Hey, same shit here at home.  What was it, a $100K/month bill for food and beverages on the Air Force plane that Nanzi Pelousi used to ferry herself back and forth when the BigBungaBungain the Hoose?  Seem to remember it reported in the Enquirer. 

San Fran, not National, BTW

Tue, 10/02/2012 - 13:48 | 2849018 notbot
notbot's picture

But in Democrat parlance, she was just creating or saving jobs.  

Tue, 10/02/2012 - 14:00 | 2849053 Dr. Richard Head
Dr. Richard Head's picture

In all fairness, we had one of those in our family and the leather right under the rear window shrinks and peels away from the upholstery.  Yuck. 

Tue, 10/02/2012 - 14:10 | 2849085 ParkAveFlasher
ParkAveFlasher's picture

Due to environmental laws, most leather tanning is done in China these days. 

A nickel ain't worth a dime no more!

Tue, 10/02/2012 - 14:12 | 2849075 DoChenRollingBearing
DoChenRollingBearing's picture

@ knukles

True dat!  Government workers, after all, are more equal than others.  Here, there, makes no difference...

EDIT:

Bet those Italian .gov types are not selling THEIR gold like many of the other Italians are:

http://tinyurl.com/ckffdn3

Tue, 10/02/2012 - 14:22 | 2849119 knukles
knukles's picture

Hah ha ha ha ha...

So true.  In fact betcha that some of the Eyeties in the Gubamint Finance Orifices have got plans intact like people who work at Apple, Titleist, Ford, etc., Family and Friend Purchase Deals where they can get the product real cheap... like gold ingots, treasury obligations, bearer bonds, favors, etc.

You're too good, DoChen.
May peace and good health be upon you and yours. 

Tue, 10/02/2012 - 14:56 | 2849235 DoChenRollingBearing
DoChenRollingBearing's picture

And upon you and yours!

Wed, 10/03/2012 - 06:55 | 2851174 carbon
carbon's picture

viva italia they own now chrysler

Wed, 10/03/2012 - 06:55 | 2851175 carbon
carbon's picture

viva italia they own now chrysler

Tue, 10/02/2012 - 13:04 | 2848836 Big Corked Boots
Big Corked Boots's picture

I used to own a Crown Vic. No bunga-bunga for me with that ride.

Tue, 10/02/2012 - 13:39 | 2848981 knukles
knukles's picture

I used to have a (SeriousPOS) Chevette that I kept ketchup and mustard packets that I had to ask for from MickeyD's in the glove box.

Tue, 10/02/2012 - 14:12 | 2849091 ParkAveFlasher
ParkAveFlasher's picture

No love in a Crown Vic?  I got laid plenty in my Oldsmobile.  Not bragging, just surprised.  I thought bench seats were a turn on.

 

Tue, 10/02/2012 - 13:04 | 2848837 Mercury
Mercury's picture

Where's that double-long, Euro-caterer ETF?

Tue, 10/02/2012 - 13:06 | 2848847 CPL
CPL's picture

I recommend putting nothing in the markets.  The rule of law is suspended with 22 trillion missing.  

It means everyone now gets to do what they want...often, without a chain of command.  Society is done as dinner.

Tue, 10/02/2012 - 13:12 | 2848874 JenkinsLane
JenkinsLane's picture

Chin up son, it's ain't in the streets yet.

Tue, 10/02/2012 - 13:20 | 2848901 CPL
CPL's picture

Depends where you are I suppose.

 

http://www.abc.net.au/news/2012-09-30/rioters-torch-buddhist-temples-in-bangladesh/4288598

http://www.bloomberg.com/news/2012-09-30/euro-leaders-face-month-of-unrest-after-ecb-s-september-rally.html

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20121001000077&cid=1101

http://www.usatoday.com/story/news/world/2012/09/29/saudi-arabia-protests/1601045/

http://af.reuters.com/article/topNews/idAFJOE89002320121001?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/AFRICATopNews+(News+/+AFRICA+/+Top+News)

http://online.wsj.com/article/SB10000872396390444004704578029792051820104.html?mod=asia_home

http://news.infoshop.org/article.php?story=20120930192248421  <--- walmart's warehouses are closed due to strikes

http://www.bbc.co.uk/news/world-asia-india-19782549 <--- Indian protests are something to behold.  Getting a million people to show up is childs play.

http://www.guardian.co.uk/world/2012/sep/29/spain-riot-police

http://www.reuters.com/article/2012/09/30/us-bangladesh-temples-idUSBRE88T03I20120930?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/topNews+(News+/+US+/+Top+News)

http://www.usatoday.com/story/news/world/2012/09/30/thousands-of-indonesians-protest-anti-islam-film/1603769/

http://www.bloomberg.com/news/2012-09-30/euro-leaders-face-month-of-unrest-after-ecb-s-september-rally.html

http://en.ria.ru/world/20121001/176322954.html <--- Japanese, those not dying slowly of cancer or thyroid conditions showing up...to protest the US base, seems odd considering the US hasn't stepped foot on the soil except for retrival since the nuclear problem.

 

http://www.guardian.co.uk/theobserver/2012/sep/30/slavery-homeless-trafficking-gangs <--- You can now buy a UK white boy for around 500 bucks.

 

So it's not out on your street yet.  It is in other people's.

Tue, 10/02/2012 - 13:29 | 2848935 JenkinsLane
JenkinsLane's picture

Granted but the daily civilian and military death toll on a global basis during the Second World War has been estimated as 30,000.

That's 30,000 dead, day in and day out for 6 years.

 

I find knowing that helps me keep a sense of perspective.

Tue, 10/02/2012 - 13:55 | 2849044 Bring the Gold
Bring the Gold's picture

Wow, that's a pretty high bar. So it's not "in the streets" until it surpasses the greatest slaughter in all of human history? Amazing.

Tue, 10/02/2012 - 15:19 | 2849342 JenkinsLane
JenkinsLane's picture

That's not what I meant at all. My point was keeping a sense of perspective. Yes, things may be bad now and getting worse but they're been a hell of a lot worse

at other times in human history. The fact that there are myriad problems around the world does not mean that I don't give a shit about those problems or

the people who are suffering from them. I just realise that, other than becoming an aid worker or similar, all I can do is make charitable donations, which is

what I do do. Trouble will hit "our" streets soon enough, they started hitting mine last August.

 

 

Tue, 10/02/2012 - 13:38 | 2848976 chubbar
chubbar's picture

Here's another little gem being ignored by the MSM.

ABC, CBS & NBC Blackout! Major New Findings in Fast & Furious Scandal IPublished on 10-02-2012 12:01 AM 0 Comments Over the weekend the Univision network broke major news in the Fast and Furious gunwalking scandal. They found 57 previously unreported guns used in crimes by Mexican cartels, but ABC, CBS and NBC have yet to report the Spanish-language network’s findings. There were zero mentions on Sunday night’s ABC's World News and CBS's Evening News (NBC's Nightly News was pre-empted by Ryder Cup coverage) or on any of Monday’s morning shows. The blackout on ABC’s broadcasts is particularly confounding since they have an excerpt from Univision's September 30 report on ABC's official Web site. (video after the jump)

By Geoffrey Dickens | October 01, 2012 |
newsbusters

The refusal by ABC, CBS or NBC to report the findings is remarkable since the Univision report not only contains politically explosive information to a sitting administration at the height of the election season but also compelling human tragedy. Univision’s Gerardo Reyes and Santiago Wills reported “Indirectly, the United States government played a role in the massacre” of 14 Mexican teens in a one-story house by “supplying some of the firearms uses by the cartel murders.”

The lack of coverage by the Big Three (ABC, NBC, CBS) networks continues their trend of mostly ignoring major events in the scandal that has led to calls for Attorney General Eric Holder’s resignation.

Tue, 10/02/2012 - 14:17 | 2849107 ParkAveFlasher
ParkAveFlasher's picture

Univision: Integrity, plus Columbian girls with big tits. 

 

Tue, 10/02/2012 - 13:13 | 2848881 Mercury
Mercury's picture

And the Eurocrats' worst nightmare is when their caterers demand to be payed in gold.

Tue, 10/02/2012 - 13:38 | 2848977 JohnKozac
JohnKozac's picture

'austerity' is for the little people.

Tue, 10/02/2012 - 14:11 | 2849090 vato poco
vato poco's picture

And it always has been, but it *does* seem to be getting worse. Any government agency/employee, any cop, any military above the rank of, say, Major/Lt. Cmdr. goes 1st class all the way. It ain't like it's their money, after all. Why? Because Fuck You, that's why.

Tue, 10/02/2012 - 13:04 | 2848839 LULZBank
LULZBank's picture

You should'nt be complaining about your "masters" Bitchezz!!!

Tue, 10/02/2012 - 13:08 | 2848856 Jayda1850
Jayda1850's picture

They say socialism is great until you run out of other peoples money. Socialist have found a way around, why do you need to obviously take other peoples money when you can just steal everyones purchasing power by just printing money out of thin air. Yet the masses are totally ignorant and apathetic.

 

Tue, 10/02/2012 - 13:13 | 2848875 LawsofPhysics
LawsofPhysics's picture

"They say fascism is great until you run out of other peoples money. Fascists have found a way around, why do you need to obviously take other peoples money when you can just steal everyones purchasing power by just printing money out of thin air so you can bailout your own monopolies (bad ideas and bad management). Yet the masses are totally ignorant and apathetic to the present police state."

 

-  Fixed.  The italians have always had a flair for fascism.

Tue, 10/02/2012 - 14:30 | 2849146 percolator
percolator's picture

Nice correction - you're one of the few who understands that the Western world is now ruled by Fascists.  Jayda's comment proves he's either ignorant or a Fascist sympathizer because the Italian government taking taxpayer money to buy a Maserati produced by Fiat an Italian corporation to give to one of their Ambassadors is pure Fascism or as Mussolini preferred calling it Corporatism.

Tue, 10/02/2012 - 14:48 | 2849204 JuliaS
JuliaS's picture

Democracy is great until you run out of other's people money.

Fascism is great until you run out of Jews.

Tue, 10/02/2012 - 13:09 | 2848861 PUD
PUD's picture

Moussolini prolly drove a nice car too...hee hee

Tue, 10/02/2012 - 15:00 | 2849262 edifice
edifice's picture

Sure, he was driven in a nice car. So was Hitler. Himmler's plate was "SS-1"

Tue, 10/02/2012 - 13:09 | 2848862 The big unzip
The big unzip's picture

He stole that car fair and square.

Tue, 10/02/2012 - 13:30 | 2848942 Christophe2
Christophe2's picture

He didn't build it, that's for sure :P

Tue, 10/02/2012 - 13:12 | 2848877 Inthemix96
Inthemix96's picture

You lot know what?

Once I may have felt something totally different than I do now, I once would have defended the actions of these super duper heroes, trying for the good of mankind.

But after having your eyes opened I feel nothing but contempt, disdain, outright disgust at what these frankly below standard cunts in a badly fitting suit are.

They deserve every last nasty thing coming their collective way.  Lets hope mr ITL1 is one of the first in the queue.

Bottom feeding, produce stealing, of no fucking worth what so ever cunts

Tue, 10/02/2012 - 13:15 | 2848884 soopy
soopy's picture

LET THEM EAT STEAK!

Tue, 10/02/2012 - 13:47 | 2848902 fuu
fuu's picture

Steak was a nice guy, why would we feed him to Italians with ugly cars?

Tue, 10/02/2012 - 13:16 | 2848889 azzhatter
azzhatter's picture

time revolution of the masses

Tue, 10/02/2012 - 13:16 | 2848890 Carl Spackler
Carl Spackler's picture

Channel stuffing...ala the Italian government

Tue, 10/02/2012 - 13:17 | 2848895 Treason Season
Treason Season's picture

Did someone say "Common People?"

http://www.youtube.com/watch?v=swWYEXLa_lI

Tue, 10/02/2012 - 13:20 | 2848900 the not so migh...
the not so mighty maximiza's picture

How else to you pick up hot british chicks with hairy armpits?

 

Tue, 10/02/2012 - 14:01 | 2849060 LULZBank
LULZBank's picture

Offer to take them out to the chippies or Pizza Hut if they are high maintenance.

Flashy cars only if you want to hire Russian or Eastern European escorts.

Tue, 10/02/2012 - 13:25 | 2848920 q99x2
q99x2's picture

He pays for it with fear.

Tue, 10/02/2012 - 13:29 | 2848937 Miss Expectations
Miss Expectations's picture

And in the end, the Maserati you take is equal to the hate you make.

Maserati GranTurismo S Automatic?  Non fare lo stupido!

 

Tue, 10/02/2012 - 13:34 | 2848957 DogSlime
DogSlime's picture

The amazing thing about cars like the Maserati is that if you wait for 5 or 6 years, they depreciate to the point that they cost less than a brand new family saloon car.

There are 2005 quattroportes being sold for £17,000 in the UK.  If you want an older model - say a Maserati 3200, you can pick one up for under £10k with 40,000 miles on the clock.

I suspect that parts will be bloody expensive, though.

Tue, 10/02/2012 - 14:16 | 2849101 SmittyinLA
SmittyinLA's picture

A Maserati with 40K miles is like a 26 year old porn star-just a pain in the ass, and waaaay past its prime. 

Tue, 10/02/2012 - 13:36 | 2848967 Peter Pan
Peter Pan's picture

I think it needs to be pointed out that while the ambassador has a Maserati he evertheless does not have a garage to put it in.

Tue, 10/02/2012 - 13:37 | 2848974 hangemhigh77
hangemhigh77's picture

His head would look great on a stick by the side of the road to Rome, just like 2000 years ago. Some things never change.

Tue, 10/02/2012 - 13:38 | 2848980 Dr. Engali
Dr. Engali's picture

I'm sure the reds,the blues, or whatever like body politic they have over there will have one side condemning him while the other side is protecting him proffessing his willingness to fight for " the little guy". Idiots ... All of them.

Tue, 10/02/2012 - 13:43 | 2849001 MrButtoMcFarty
MrButtoMcFarty's picture

Nothing that a bit of lighter fluid and a road flare couldn't fix.

Let them eat Maserati Flambe'!!

 

Tue, 10/02/2012 - 14:19 | 2849110 Urban Redneck
Urban Redneck's picture

Do they still have the barricades on Grosvenor Sq?  The Italians and the Brits might not have guns or shoot at people in London, but the US Embassy there has a full Marine contingent to battle with the jihadists of Knightsbridge, unlike at the US facilities in Libya, and the Italian Embassy is a clear shot at less than the basic M4 qualification distance..

Tue, 10/02/2012 - 14:28 | 2849138 css1971
css1971's picture

Ceramic plant pot full of aluminium filings and iron oxide, ignited using a sparkler.

Ignite, sit on the bonnet above the engine block.

Stand well back.

Tue, 10/02/2012 - 13:47 | 2849014 Dr. Engali
Dr. Engali's picture

My Maserati does 185. I lost my license now I can't drive..

Tue, 10/02/2012 - 14:36 | 2849134 css1971
css1971's picture

Where I live the speed limit is that speed beyond which your vehicle is incapable of travelling.

You simply live in the wrong country.

 

And I'll admit to a great big whoosh on that one.

Tue, 10/02/2012 - 13:54 | 2849043 123dobryden
123dobryden's picture

half a minute i had to laugh, whatta surname! :) 

Tue, 10/02/2012 - 13:55 | 2849045 Joebloinvestor
Joebloinvestor's picture

Why not a Ferrari?

Chauffeur driven to boot, to the next austerity conference at some 5 star location.

If you are gonna rub peoples noses in it, do it with style and flair or it just isn't European.

Tue, 10/02/2012 - 14:39 | 2849175 dark pools of soros
dark pools of soros's picture

probably didn't care for the waiting list..  and the trident makes a pretty sweet ride these days

Tue, 10/02/2012 - 14:12 | 2849092 rockraider3
rockraider3's picture

See, talking about austerity without implementing any, isn't so bad.  Maserati's for everyone!

Tue, 10/02/2012 - 14:13 | 2849095 SmittyinLA
SmittyinLA's picture

Its advertising, and its legit, Ambassadors should show off a country's goods. 

 

Our embassy folks drive Toyotas 

Tue, 10/02/2012 - 14:20 | 2849111 syntaxterror
syntaxterror's picture

Good for him. The masses are dumber than dirt and ripe for the pickings. If you're not cheating you're not trying.

Tue, 10/02/2012 - 14:23 | 2849123 OldE_Ant
OldE_Ant's picture

I guess given the situation the guy decided he needed a faster get-a-way car. 

I can't blame him those italians run fast.

Next thing he'll get a bigger and faster yacht because those italians can't swim that fast.

And it all trickles down anyway.

Take that peasants.

ENd of LiNE

Tue, 10/02/2012 - 14:24 | 2849131 syntaxterror
syntaxterror's picture

Ask any European and it's good times as usual despite the occassional Greek or Spainish pout-fest strike (that's promptly over in a matter of days anyway). If things are so bad, why are the good times still rolling? Cushiest depression ever if you ask me. When the queues cease to form for $4 lattes then you'll know things might be getting bad. Until then, spare us the drama please. Adding a zero to a spreadsheet is all it takes.

Tue, 10/02/2012 - 14:45 | 2849192 percolator
percolator's picture

It would be a real tragedy, if someone with say a rocket launcher, took out the Ambassador while driving his Maserati.

Tue, 10/02/2012 - 14:55 | 2849233 edifice
edifice's picture

Depression or Boom, these guys always eat steak and lobster. It's just a job--they're just paycheck players--and fine food, drink, and autos are just a few of the perks. No reason to get all bent out of shape about it, because it's not going to change.

Tue, 10/02/2012 - 15:57 | 2849480 foodstampbarry
foodstampbarry's picture

Won't change? It will...

"They say that every society is only three meals away from revolution"

That's when it will change.

There will not be a stone on earth unturned to find these cock suckers when the SHTF. > Guranteed.

Tue, 10/02/2012 - 15:20 | 2849350 Bunga Bunga
Bunga Bunga's picture

Get over it, austerity never applied for the 1 percent.

Tue, 10/02/2012 - 16:23 | 2849582 1000924014093
1000924014093's picture

Why the hell not? He is the representative of his country--why shouldn't he flaunt one of his nations finest exports? The value to his nation is far greater than the comparatively trivial amount it costs.

Tue, 10/02/2012 - 16:50 | 2849682 PontifexMaximus
PontifexMaximus's picture

Did Mario Monti himself give him the final OK?? Or was it Madame Polverini? Those f... Terroni di prima categoria, vergognatevi! But that's life. It won't take 3 months til 10y BTP is heading much higher. SuperfrakfurtMario can not help, too much to come up for!

Tue, 10/02/2012 - 22:23 | 2850615 Jam Akin
Jam Akin's picture

Should we be surprised?  What should one expect from an Italian bureaucrat with a Greek last name?

Thu, 10/04/2012 - 06:50 | 2855166 paulypaul
paulypaul's picture

Its illigal to use white number plate screw covers over the letters or numbers of the plate. He shoudl have used the black one.

 

Other than that what kind of prick still has private number plates - I thought they went out with the 90's.

Do NOT follow this link or you will be banned from the site!