With his announcement of his new cabinet for Italy, Mario Monti completes the bankers' takeover.
Monti, a respected economics professor and former European Commissioner, said he would take the crucial economy portfolio himself.
Corrado Passera, the CEO of Italy's biggest retail bank Intesa Sanpaolo, was given the infrastructure and industry portfolio.
But after disputes among the parties which complicated Monti's task, the new government contained no politicians, as he was reported to have wanted. Some analysts say this could make it more vulnerable to ambushes in parliament as it pushes through unpopular measures.
Monti said the lack of politicians would strengthen rather than weaken the government by enabling it to avoid political disputes and press ahead with vital reforms.
"The absence of political personalities in the government will help rather than hinder a solid base of support for the government in parliament and in the political parties because it will remove one ground for disagreement."
Yes, yes, it all has to go through Parliament but the reality will be that Italy now exists for the exclusive benefit of the banking fraternity. Its first, and only, task will be to ensure that people with too much money and no sense of responsibility continue to get paid their king's ransoms at the expense of everyone else.
Monti is an ex EU commissioner, it is exactly that cadre that has pushed Europe into its current situation, and his top finance guy is openly a banker. We know exactly where their loyalties will lie and who will suffer.
Given the competence the bankers have demonstrated in their own business, let alone everyone else's, I would expect the first italians to start dying of starvation within the year. As I said over on FB the other day, Sarkozy will be next, although according to this morning's Marketwatch, he may have to shove a bit to get to the top of the queue with holland, Finland and now Austria in the crosshairs.
Oh, and we have been to the well in Austria once before.