Fazio and the Impotents

antonio fazio.jpg

First Berlusconi then Buttiglione have declared themselves without the power to force Fazio to resign.
We have a Government of impotents, but I hadn't expected them to come out and tell us this.

But we, their employers, we can do something.

The Bank of Italy is private, owned by private shareholders, it's not owned by the State.

The main shareholders are: Gruppo Intesa (26,81%), Gruppo San Paolo IMI (17,44%), Gruppo Capitalia (11,15%), Gruppo Unicredito Italiano (10,97%), Gruppo Assicurazioni Generali (6,33%), Banca Carige (3,96%), BNL (2,83%), Banca Monte dei Paschi di Siena (2,50%), Cassa di Risparmio di Firenze (1,85%).

Let’s close our current accounts or terminate our insurance policies if the people responsible for these companies: Profumo, Geronzi, Modiano, Passera and the others don’t make public announcements straight away for the resignation of Fazio.

Next Tuesday the highest Council of the Bank of Italy will meet and it has powers to nominate and revoke the position of Governor. This body already met after the scandal regarding the intercept of telephone calls between Fazio and Fiorani and it didn’t lift a finger.

On Tuesday it can declare “no confidence” in Fazio. If it fails to do this I believe that its members (listed below) should respond to the Country.


- Blasi Paolo, physics teacher, Florence
- De Feo Paolo, Ipm Group, Naples
- De Ferra Giampaolo, lawyer, Trieste
- Ferreri Paolo, lawyer, Turin
- Laterza Paolo, publisher, Bari
- Marsano Rinaldo, entrepreneur, Genoa
- Mirabelli Cesare, emieritus president of the Constitutional Court, Rome
- Montanari Giovanni, ship owner, Ancona
- Musu Ignazio, teacher of economics and politics, Venice
- Pirri Gavino, tax consultant, Cagliari,
- Possati Stefano, president of Marposs, Bologna
- Scavone Nicolò, engineer, Palermo
- Zucchi Giordano, textile industrialist, Milan

Who nominates these members? Based on what criteria? It seems like a list of Arts and Trades!

Posted by Beppe Grillo at 01:30 AM in | Comments (6)
Post a comment | Sign up | Send to a friend | | GrilloNews |
View blog opinions


Big difference, really big difference.
Raymond B

Posted by: Raymond B | December 20, 2005 12:38 AM

This is a great day! Fazio has resigned!

Posted by: Silvano Arrigoni | December 19, 2005 04:41 PM

I'm afraid (or should I say: I'm sure) that these people in the banking and finacial world that have been manipulating or frauding with millions or billions are getting the same sentence as il cavaliere. While a poor man stealing a loaf of bread for their hungry family is likely to end up in prison for some years.

Posted by: Ellio Martina | December 19, 2005 01:11 AM

See also translation by Giles Watson of by Maria Teresa Meli's article "Left and Right fear New Clean Hands Campaign".
We read (with disbelief) that Forza Italia's Domenico Contestabile said "It is not possible for magistrates to start being bankers"
Well if bankers started being bankers and took their watchdog function seriously magistrates wouldn't need to investigate their banking misdeeds.
Senator Lino Jannuzzi (sentenced to 2 years and 4 months for various charges of libel) agrees. According to Ms Meli he says that "a step further has been taken with respect to Clean Hands because the magistracy is intruding into a new field that it had never before dared to enter".
Now I wonder if Januzzi can tell us how judges managed to investigate the Banca Ambrosiana crack without talking a look at what bankers were doing! He should also take a look at the list of Italians murdered by the Mafia to remind them why investigators are interested into going into banking!

Posted by: Maureen Lister | December 18, 2005 08:42 PM

Fazio is an interesting topic, I look forward to more info.
Raymond B

Posted by: Raymond B | December 18, 2005 03:23 PM

after pleading guilty to conspiraci and tax avasion, California Rep. RANDY "DUKE" CUNNINGHAM,64, resigned from the U.S. Congress on Nov.28. The Repubblican, a former navy pilot in the Vietnam war, was reportedly an inspiration for TOM CRUISE's ace flier in TOP GUN.
Cunningham was accused of accepting bribes from friends. He is scheduled to be sentenced next February and faces up to 10 years in prison."I MISLED MY FAMILY, STAFF,FRIENDS," he said.
What a different compare to Italy.

Posted by: belli valter | December 18, 2005 03:59 AM

Post a comment

Beppe Grillo's Blog is an open space for you to use so that we can come face to face directly. As your comment is published immediately, there's no time for filters to check it out. Thus the Blog's usefulness depends on your cooperation and it makes you the only ones responsible for the content and the resulting outcomes.

Information to be read before using Beppe Grillo's Blog

The following are not allowed:
1. messages without the email address of the sender
2. anonymous messages
3. advertising messages
4. messages containing offensive language
5. messages containing obscene language
6. messages with racist or sexist content
7. messages with content that constitutes a violation of Italian Law (incitement to commit a crime, to violence, libel etc.)

However, the owner of the Blog can delete messages at any moment and for any reason.
The owner of the Blog cannot be held responsible for any messages that may damage the rights of third parties Maximum comment length is 2,000 characters.
If you have any doubts read "How to use the blog".

Post a comment (English please!)

First name and Surname*:

Email Address*:
We remind you that anonymous messages (without real first name and surname) will be cancelled.

* Compulsory fields

Send to a friend

Send this message to *

Your Email Address *

Message (optional)

* Compulsory fields