psytrade is right.
Briefly, in 1992 banks deserted a bond auction, they wanted privatizations = take the Italian Central Bank away from goverment, and a lot of other state owned corporations. Goldman and other banks bought those companies with a few money. Then they dismantled them, so that Italy couldn't compete any more.
Draghi was working "for" the government, he directed the privatizations, and then he was hired in GS. Coincidence ?
You might read this:
Mario Draghi, better known as "Mr. Britannia," has been chosen as the new head of Italy's central bank. Draghi is currently vice chairman of Goldman Sachs. Earlier, he was Director General of the Treasury Ministry for ten years, during which time he directed the process of privatization and liberalization of the Italian economy. This process started after the June 2, 1992 semi-conspiratorial meeting on the British royal yacht Britannia, which was exposed by EIR. Draghi was at that meeting, together with a selection of City bankers and Italian managers. In his speech on the Britannia, he pointed to the fact that to create a financial market in Italy, the obstacle represented by the political system had to be removed. Soon after that, a financial and a political crisis was provoked, through the George Soros-led speculative attack that pushed the Italian currency out of the EMS, and the "Clean Hands" investigation that successfully destroyed that very political system targetted by Draghi for elimination.
http://www.larouchepub.com/eiw/public/2006/2006_1-9/2006_1-9/2006-1/europe.html
