Monti Forms Technocratic Government Which He Will Lead And Be Finance Minister

Looking why the EURUSD has just gone berserk? Here is the reason - another barrage of flashing red headlines out of Italy:

• MONTI ACCEPTS OFFER TO FORM ITALIAN GOVERNMENT
• MONTI ANNOUNCES CABINET MEMBERS
• MARIO MONTI TELLS PRESIDENT HE WILL LEAD NEW ITALIAN GOVERNMENT
• MARIO MONTI TO BE FINANCE MINISTER IN NEW GOVERNMENT
• INTESA CEO PASSERA NAMED ITALY DEVELOPMENT, TRANSPORT MINISTER
• MONTI NAMES GNUDI MINISTER                             
• MONTI NAMES PIERO GIARDA MINISTER                       
• MONTI NAMES NAMES PASSERA MINISTER

Yet across the Alps this is the only headline that matters:

• MERKEL ECB DOESN'T HAVE OPTION TO SOLVE EURO PROBLEMS

From Bloomberg

Comments

[GeneMarchbanks]

EUtopia

[wang (not verified)]

MONTI NAMES NUDI MINISTER ???

[MsCreant]

Bunga Bunga Minister.

[paarsons]

Another Goldman Sachs boys calling the shots!

Wow!  We're in great hands--once again.

I bet he throws a terrific fuck party.

Anyway, good night, ladies.

I'm so disgusted that I must go to bed.

http://fucklloydblankfein.blogspot.com

[LeBalance]

different day, same country, newd? minister, same bunga bunga?

[Duuude]

Tylers

Please adjust the nomenclature

It's not Technocratic

It's Bankster

[Quintus]

Excellent.  Now just the small matter of explaining to the nation why he wants them to endure a decade or two of penury to save the Euro.

What could possibly go wrong?

[Spooky Polish]

Monti Everesti . No , Monti Pythoni 

[MsCreant]

Mario Ponzi, aka Monti Hall.

Monti to the EU:  "Lets. Make. A. Deal."

[Spooky Polish]

Monti can't make AAA  deal with france , but he can wait till the BBB- deal could done 

excuse me english

[grunk]

More like Monti Hall.

[Peter K]

Nudi? Like in Bunga Bunga Mario, Nudi:)

[entendance]

Monti, ex-jesuit alumn. goldman s. man, Vatican attempting to rule the planet.

Passera, banca intesa vatican man, while mr.bean-draghi is partying along with the jesuits and dr.ratzinger.

[Oh regional Indian]

Ahhhhah! Such a concise, short and true explanation for what is going on.

The great Vatican Squid spreading it's TENTacles..... they want it AAAALLLLLLLL......for Jeebus!

ORI

Me on Youtube

[AngryGerman]

intesa ceo also minister? well, just the best people he choses there. going full monti!!

[Mr. Lucky]

I think this deck chair will be perfect over there; a little more to the left; there perfect....wait....

[dcb]

"Looking why the EURUSD has just gone berserk?"

shitty tag line, should read gone up xxxx or gone down xxxx. meaningless doesn't say if market approves or doesn't

[s2man]

I checked the markets and FX before I hit ZH. I already new which way the EUR had gone.

[Spooky Polish]

Situation In Europe reminds me Euro leaders confusion over Hitler :

"He won't dare to attack us"

"Ops he did"

[Gringo Viejo]

"3 Card" Monti.......Gerald Celete 11/15

[PontifexMaximus]

che delusione! passera, head of Intesa San Paolo...hmmmm. Again, the markets will teach the lesson(s) and teh political parties are waiting dodged in the background, having their knifes ready...Good luck, bel paese, again and again, nothing learned. 10s heading for 7,5 within next 48h.

[vegas]

[e-mail]

Dear vegas,

Thank you for your interest in joining my cabinet as "Minister of Truth". Unfortunately, this position is under review pending confirmation by the Italian Senate of another candidate.

Your Associates Degree from St. Norbert's of Nebraska with emphasis in anger management is admirable, but what we really need is someone who can turn base metals into gold. If you can do this, please don't hesitate to get back with me.

Caio,

mm

[Spooky Polish]

Full Metal Alchemist ready for work sire ! 

[ZeroPoint]

Here comes 3 card Monti!!!!

[cbaba]

Italian style Corruption in government from day one.

Monti himself taking the finance minister position, holding the bag of money, his friend( or some ally), Ceo of Intesa which is one of the the biggest holding companies in Italy will be in charge for ministry of transportation..

[Archduke]

Seriously? Monti names the current active CEO of Italy's second largest bank?

That's orders of magnitude more nepotistic than the GS/treasury/fed love triangle.

I guess with Unicredit and Intesa about to explode, the tosser will need a new job.

[Börjesson]

So Italy goes the full Monti, then.

[Archduke]

FYI: from the Market Ticker, ABC, and Jonathan Sugarman

ALBERICI:

“How certain are you that UniCredit broke the law while you were there?”

JONATHAN SUGARMAN:

“A hundred per cent certain and to use the Irish expression, ‘to be sure, to be sure’ that is why I brought in this London based IT company which had a very good reputation in Dublin and the result was pretty horrific because whereas the breach that I’d reported to the regulator was a breach of twenty per cent, whereas the permissible deviation was one per cent, they rang me up one evening soon after they tied into our systems, linked into our systems and said your breach is actually forty per cent”.

http://www.abc.net.au/foreign/content/2011/s3367080.htm

http://market-ticker.org/akcs-www?post=197608

[e-recep]

What would be his priotiy? To bring down German economy to its knees or to steal further from Italian citizens and send the loot to Wall Street?

[slewie the pi-rat]

c)  both of the above

[sbenard]

Mario "Trilateral" Monti is the new Finance Minister? Oh, what a relief to know that one of th elites is at the helm!

[Roland99]

German popes.

Italian ECB head.

dogs and cats living in sin.

Mass hysteria!