Draghi got a PhD from MIT in 1977, was Executive Director of the World Bank from 1984-1990,
and Vice Chairman and Managing Director at Goldman Sachs International from 2002-2005. He's long been one of the 'beautiful people.' The NY Times told almost nothing that needs to be known about this guy. He appears on Goldman Sachs map of Europe, below.
7/3/12, "Draghi Gets Powers to Rival Bernanke," NY Times via CNBC
"The spotlight in the European debt crisis has now shifted decisively toward the influential leader of the European Central Bank, Mario Draghi, who emerged from the recent summit meeting in Brussels with new powers and stronger backing to address the Continent’s financial woes.
Political leaders took significant strides toward making the central bank more like the United States Federal Reserve, giving it authority to oversee the euro zone’s largest banks and, once that new regulator is in place as soon as the end of this year, a likely role in rescuing Spanish banks with capital directly from the European rescue funds.
Many of the longer-run plans under discussion, like European deposit insurance, would mean shifting further responsibilities toward the bank, arguably giving Mr. Draghi the most influential executive powers in Europe.
“In terms of unelected people, he is by far the most powerful in the democratic world,” said Franklin Allen, a professor of finance and economics at the University of Pennsylvania’s Wharton School."...===============================
Goldman Sachs runs Europe, relieving elected representatives of pesky details the people elected them to handle:
11/18/11, "What price the new democracy? Goldman Sachs conquers Europe," UK Independent, Stephen Foley
From UK Independent, Goldman Sachs map of European control, see Draghi on right side:
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6/14/12, "Just What Is Mario Draghi Hiding? ECB Declines To Respond To Bloomberg FOIA Request On Greek-Goldman Swaps," Zero Hedge
via Free Republic
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