Mario Monti, Technocrat, To The Fore

So now, at the insistence of Brussels technocrats, economist Mario Monti has become Prime Minister of Italy.

This completes the process begun in the 1980's and 90's when Italian technocrats, briefly in control of Italy's government, sought to exchange Italian economic independence for German central bankers.

There were many economists who warned that a plan where countries had to borrow money in someone else's currency would eventually not work.

Eventually may be this year, next year or the year after, but looks like sooner rather than later.

Many Italians cheered the departure of Berlusconi and the arrival of the technocrats. Lat's see what they say a year from now.