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Mario Draghi Speaks In Spanish Congress, Media Blackout Ensues

Tyler Durden's picture


Just because Europe is such a vast and open democracy, where nobody keeps secrets from anyone, it is only logical that Mario Draghi's visit to Spain, where he spoke to domestic lawmakers in the Congress, would be shrouded in secrecy so stringent and oppressive, that all forms of electronic communication were purposefully killed ahead of the speech.

As El Diaro reports: "This morning congress services have cut wi-fi signals and frequency inhibitors have been used to limit the operation of cell phone lines. All with one goal: to prevent the words of ECB President Mario Draghi, to leave the closed room and become public." This was a last minute decision as it "caught by surprise" deputies who had announced their intention to live broadcast the words of the president of the ECB up through a website created for the occasion. It gets better: "The digital lock in the lower house tax has caused chaos among accredited journalists, who have had to continue to do their work without internet connection, with difficulty using their mobile phones without any signal to communicate with the outside." And the culmination: "This chronicle has been dictated from a pay phone." It almost makes one wonder just what latest set of top secret "truth" that can not possibly see the light of day for cross reference purposes, Mario Draghi is currently spreading in Spain. Almost.

And now that the closed door meeting has concluded, Draghi is speaking live at the following webcast:


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Tue, 02/12/2013 - 11:01 | Link to Comment unrulian
unrulian's picture

some politician will leak for cash...guaranteed

Tue, 02/12/2013 - 11:20 | Link to Comment TerminalDebt
TerminalDebt's picture

leak what? Aren't they serving the people? Isn't everything that's said supposed to be public? 

Tue, 02/12/2013 - 11:27 | Link to Comment Richard Chesler
Richard Chesler's picture

Banca Monte dei Paschi di Siena, a Tuscan bank, has acknowledged using secret derivatives deals to mask hundreds of millions of euros in losses.

That investigation has focused attention on the role played by the Bank of Italy and its then-chairman, Mario Draghi, who is now president of the European Central Bank.

Tue, 02/12/2013 - 11:32 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

"Isn't everything that's said supposed to be public? "

Not unless you are a total embarassment and have zero credibility in the eyes of the public.

Tue, 02/12/2013 - 14:20 | Link to Comment Cap Matifou
Tue, 02/12/2013 - 12:12 | Link to Comment Albertarocks
Albertarocks's picture

What unrulian meant was "any politician will take a leak for cash".  He was simply pointing out that there are no limits to how low politicians will stoop as long as they get paid for it.

Tue, 02/12/2013 - 13:09 | Link to Comment unrulian
unrulian's picture

clarity isn't my strength :)

Tue, 02/12/2013 - 14:27 | Link to Comment Albertarocks
Albertarocks's picture

Maybe so, but 'I' understood you, lol.

Tue, 02/12/2013 - 11:03 | Link to Comment redpill
redpill's picture

I was going to say something clever but my comment was blacked out

Tue, 02/12/2013 - 11:05 | Link to Comment Sudden Debt
Sudden Debt's picture

Money Doesn't Buy Happyness....



Tue, 02/12/2013 - 12:00 | Link to Comment Tortfeasor
Tortfeasor's picture

Cue Alex Jones: EMP Hits Spain - Electronics Blacked Out Across Parliment!!!!

Tue, 02/12/2013 - 11:03 | Link to Comment Inthemix96
Inthemix96's picture

I would strangle that scrawny necked fucker with my bare hands if I was there.

Who the fuck do these swines think they are?  They are playing with peoples lives for fucks sake.  Its about time these bastards were held accountable for thier actions.


Tue, 02/12/2013 - 11:07 | Link to Comment john39
john39's picture

pucker up and kiss the ring...

Tue, 02/12/2013 - 11:16 | Link to Comment Desert Irish
Desert Irish's picture

The mob generally doesn't like its meetings broadcast....

Tue, 02/12/2013 - 11:44 | Link to Comment Hongcha
Hongcha's picture

Wait and see.  When it blows it will be blow big; viral.  TPTB have been getting ready for it for several years.

Tue, 02/12/2013 - 11:58 | Link to Comment darteaus
darteaus's picture

You don't think they have a cover story?

"It's the {JOOOOZZZZzzzzzz | rich | Christians | Moslems | North Koreans | bankers }!"

Tue, 02/12/2013 - 12:02 | Link to Comment XitSam
XitSam's picture

"Who the fuck do these swines think they are?"

They think they are our betters. After all, if you were smarter, you would be sitting in one of the chairs at their table. They know what is best for you. You are too stupid to manage your own life and must be told where to work, where to live, how many children to have.  I disagree with their premise naturally. It doesn't matter if I am not as smart as they are, I still get to make my own decisions and run my life as I see fit. 

OT: There Will Be No Economic Recovery. Prepare Yourself Accordingly. Stefan Molyneux 0:59:01

Tue, 02/12/2013 - 11:03 | Link to Comment Sudden Debt
Sudden Debt's picture


I bet it takes 3 seconds before we find oud who said what against who....

Tue, 02/12/2013 - 11:59 | Link to Comment sampo
sampo's picture

This event reminds me of "Honorable Jonnie's" "hearing", where the stream was cut. As well as the infamous Silver manipulation hearings, where the lights went out.

Just sayin'..

Tue, 02/12/2013 - 11:04 | Link to Comment ShortTheUS
ShortTheUS's picture

"The language is that of central bankers, which I will not utter here."

Tue, 02/12/2013 - 11:37 | Link to Comment Popo
Popo's picture

One central bank to rule them all...

... and in the darkness bind them.

Tue, 02/12/2013 - 11:59 | Link to Comment medium giraffe
medium giraffe's picture

'Now perfected, my fighting Uruk-Banksters!'


'Whom do you serve?'


Tue, 02/12/2013 - 11:04 | Link to Comment nobusiness
nobusiness's picture

Must have been good news.  US markets to new highs.  Nothing can stop them not even a nuk going off in the night

Tue, 02/12/2013 - 11:05 | Link to Comment bigbwana
bigbwana's picture

Read all about the paedophiles in Parliament! The peados in Royalty! google chrisspivey

Tue, 02/12/2013 - 11:07 | Link to Comment darteaus
darteaus's picture









Tue, 02/12/2013 - 12:49 | Link to Comment Temporalist
Temporalist's picture


Tue, 02/12/2013 - 11:09 | Link to Comment 101 years and c...
101 years and counting's picture

"we will save your country, like we did Greece"

panic ensues

Tue, 02/12/2013 - 11:11 | Link to Comment Lost Wages
Lost Wages's picture

LOL. Like leaks never happened before wi-fi. These guys are morons.

Tue, 02/12/2013 - 13:43 | Link to Comment mendigo
mendigo's picture

Its about deniability - whatever is said your will only get as hearsay.

Tue, 02/12/2013 - 14:31 | Link to Comment Cap Matifou
Cap Matifou's picture

palm and even thumb sized electronic devices have a novel function called RECORD...
See comment nr. 3236632 by daz below

Tue, 02/12/2013 - 11:12 | Link to Comment shovelhead
shovelhead's picture

So I guess we look for the smoke color.

White smoke for bail, black smoke for fail.

Tue, 02/12/2013 - 11:18 | Link to Comment unrulian
unrulian's picture

what color is a mushroom cloud?

Tue, 02/12/2013 - 11:50 | Link to Comment Colonel Klink
Colonel Klink's picture

Bright white, then you go blind.

Tue, 02/12/2013 - 11:12 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

And the last bastions of free press need to keep calling them out for their actions. Journalism isn't an institution or credential but each and every one of us speaking up on what we see. Actions to prohibit such are a clear sign of evil plain and simple. If have nothing to hide then you don't pull shit like this.

Tue, 02/12/2013 - 11:23 | Link to Comment TerminalDebt
TerminalDebt's picture

Journalists are part of the problem. They all sold out a long time ago, keeping their press pass more important than the truth

Tue, 02/12/2013 - 11:28 | Link to Comment Rip van Wrinkle
Rip van Wrinkle's picture

Not part of the problem....they are the problem.


If they do their jobs, the politicians would be accountable. Who else holds them to account? Certainly not you or I.

Tue, 02/12/2013 - 11:45 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Frankly I believe it is alive and well, just not in the institutions that claim to be the press anymore, at least not MSM state media houses. The decentralized nature of the internet has allowed it to flourish on an individual level something these people can't stop no matter how much they try. All it takes is one person at that meeting to have surreptitiously recorded the meeting or anonymously make some statements as to the nature of said speech. The information always finds it's way to the ears and eyes of those that want to know once it is out there.

Alot of these message boards and blogs are kicking the "official" media's ass when it comes to high information and truth telling these days. That is a sad commentary on a once vibrant and free press. The institutions have lost their way and become corrupt.


We the individuals are the last bastions, as long as our hearts and minds stay uncorrupt, that is something central planning can not control unless we acquiese to them.

Tue, 02/12/2013 - 11:16 | Link to Comment waterwitch
waterwitch's picture

Bring in the drones.

Tue, 02/12/2013 - 11:20 | Link to Comment waterwitch
waterwitch's picture

Per Draghi webcast: Spain's future looks pretty 'black'.

Tue, 02/12/2013 - 11:21 | Link to Comment Agent P
Agent P's picture

Dear Spain,

You're fucked.

Don't tell anyone.

Love, Mario

Tue, 02/12/2013 - 18:39 | Link to Comment thisandthat
Tue, 02/12/2013 - 11:31 | Link to Comment Jota
Jota's picture

Spain: tv productor phoning in Congress today.

No wi-fi, no mobiles phones, no internet. Total media blockout.

Tue, 02/12/2013 - 11:37 | Link to Comment Bunga Bunga
Bunga Bunga's picture

What a great day for a caption contest.

Tue, 02/12/2013 - 11:38 | Link to Comment Jota
Jota's picture

Two deputys has recorded it with their iphones and leaked it in twitter

Tue, 02/12/2013 - 11:39 | Link to Comment eddiebe
eddiebe's picture

It's for our own good.

Tue, 02/12/2013 - 11:41 | Link to Comment flapdoodle
flapdoodle's picture

My special contacts at the Spanish Parliament confirm that Super Mario's first words are as follows:

"Estimados Congresistas, estoy aqui para decirles la triste verdad - estamos jodidos..."

unfortunately, at that point the cell phone recording the speech was confiscated...

Tue, 02/12/2013 - 12:51 | Link to Comment bg6666
bg6666's picture

Translation: Esteemed Congress. I am here to tell you the sad truth. We're screwed

Tue, 02/12/2013 - 11:42 | Link to Comment earleflorida
earleflorida's picture

it's official,... the German's have given up on Greece!?

sadly, they've become so terrified about Spain, that there is rowing swell of discontent within the heart of mother's deutschmarkville's romanticized past-- this score`less faux-paradies of equilibrium utopia has run its course... that a late term miscarriage is in, or out of the question?-- is now just a matter of inception! as the early rising sovereign says to ones own'd twilight lover from the west?... we can surely try again using the tried and true missionaries fetal-fiscal calisthenic model?... with the auld-lang-syne of ze` bless'd`euroeclipse fading in 'dee south, where borders were once all one had to secure ones sanity?!

the people are fed-up-- Spain is just to much, period??

Tue, 02/12/2013 - 11:42 | Link to Comment smacker
smacker's picture

There is something obscene about Spanish political slimeballs spending Spanish taxpayers' money to buy electronic gear to allow them to prevent Spanish citizens from knowing what the unelected ECB chief Draghi says to their Spanish parliament.

I believe at the exact same time as Draghi was speaking, the slug called Barroso was in Brussels assuring anyone bothered to listen, that the EU is an open and fully accountable democracy.

Tue, 02/12/2013 - 11:42 | Link to Comment medium giraffe
medium giraffe's picture

He's probably just sorting out another bailout for them and doesn't want the people of Europe to start lynching ECB members.  Either that or they're dancing the Default Fandango. Whatever, I have my Black Swan T-shirt and Euro shorts with me just incase. Party like it's 2007 folks!

Tue, 02/12/2013 - 11:45 | Link to Comment semperfi
semperfi's picture

Sovietopean Union

Tue, 02/12/2013 - 11:55 | Link to Comment Eally Ucked
Eally Ucked's picture

You are too stupid to understand what he says, if you're Spanish your stupidity is doubled in comparison with other nations so you should not know what the fuckers on top are doing and what situation really looks like, that's essence of democracy, isn't it? BTW it's not really very important what that fuck says because despite of blackout, so plebs does not know anything, he will lie even to those very well paid fucks in spanish parliament. For sure he will fed them with patriotic themes to make them believe they're saviors of the nation despite  obvious facts.   

Tue, 02/12/2013 - 12:19 | Link to Comment NeedtoSecede
NeedtoSecede's picture

Need the Limerick King or WB7 to work some of their magic on this one and help me out here.

Instead of the old "The rain in Spain, falls mainly on the plain." I think someone with more command of the language could come up with something creative...

The pain in Spain falls mainly on...

Tue, 02/12/2013 - 12:28 | Link to Comment Glass Seagull
Glass Seagull's picture



He will then vacation in the Spanish coastal town of Para Noy Ea.

Tue, 02/12/2013 - 12:35 | Link to Comment Paracelsus
Paracelsus's picture

Nigel Farage will have a field day with this....

Tue, 02/12/2013 - 13:06 | Link to Comment Joe A
Joe A's picture

Next time journalist and parliamentarians that want to bring out what is said should bring devices that operate at other frequencies than WIFI and mobile phones unless a sweep on all frequencies is used. If there is a window, a laser could be pointed which tracks what is being said inside. Time to become technology savvy people!

Tue, 02/12/2013 - 13:47 | Link to Comment medium giraffe
medium giraffe's picture

Failing that, the old ways are is best.  You'd be amazed (or not) at how cheap Eurocrats are these days - buy one get one free with options on a third and a recommendation to their pals in Le Old Boys Club. Grease them up with worthless Euros - what's wrong? Euros not good enough for you? Something I should know? Mwar har har har!


So Tyler, give us a clue?

Tue, 02/12/2013 - 14:08 | Link to Comment Joebloinvestor
Joebloinvestor's picture

Anyone notice how the IMF "handbag" has not said a fucking word?

She knows it is fucked up and corrupt as shit.

Tue, 02/12/2013 - 14:36 | Link to Comment ZeroAvatar
ZeroAvatar's picture

Draghi started the speech, "Now, folks, before we go any further, I want everyone here to realize how much progress we've made."

Tue, 02/12/2013 - 16:26 | Link to Comment Catflappo
Catflappo's picture

Draghi will be there to tell the Spanish that the ECB really needs to be able to print some money to 'keep up' with the other majors, and that the Spanish bail-out is the first cab off the rank to be able to achieve that.

All of which doesn't gel with utterings out of the G7 and so needs to be kept rather hush hush.

Tue, 02/12/2013 - 17:01 | Link to Comment AZLagun
AZLagun's picture

Must just have been "siesta" time when the meeting was taking place.

Tue, 02/12/2013 - 17:25 | Link to Comment lakecity55
lakecity55's picture

Dear Spain,

There is a new "pope" and a new, really great "Leader" about to appear, and we need your support-- or else. I'm sure you saw the u-toob of lightning at the Vatican last night.......this new leader will only require you to kiss his ring....

Tue, 02/12/2013 - 18:31 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The hopium and bullshit runs deep and thick.


European Central Bank chief Mario Draghi thinks Spain is on the right track towards economic recovery.

In Madrid to address members of parliament during a closed-door session, Draghi said he sees positive signs and substantial progress.

He praised Spaniards for their great efforts to fight the crisis, said the Spanish bank rescue programme was showing results.

After talking to lawmakers, Draghi told reporters: “The economic situation, the social situation, are difficult and the people are going through difficult times. But I also told that Spain is on the right track, and today banks in Spain have a much healthier balance sheet. Today Spain has what probably is the most advanced recovery and resolution system for banks in the euro area.”

Draghi is seen by many as Spain’s saviour. With the country’s banking system swamped with toxic debt, last year it looked like Madrid was going to be forced to ask for a sovereign bailout from the EU and International Monetary Fund.

But the European Central Bank’s promise to safeguard the euro with a bond-purchase plan lowered Spain’s borrowing costs.

Draghi may be seeing “positive signs” but the Spanish people would be hard pushed to name them, particularly with more than a quarter of the working population jobless and over half of young Spaniards without work.

Tue, 02/12/2013 - 18:34 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

And to be fair it was Ratboy err Rajoy's ruling Popular Party and I am sure with Ratboy and Draghi's approval that tried to shut the media out of the proceedings.

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