Rodrigo Rato, the former minister and IMF managing director who was briefly placed under arrest last Thursday, is reported to have amassed a personal fortune of at least €27 million (£19.5 million), including dozens of companies and a 44 per cent share of a luxury hotel in Berlin.
Mr Rato, who was economy minister in Spain’s Popular Party (PP) governments between 1996 and 2004 before a three-year stint as IMF chief, is being investigated on suspicion of concealing his wealth and tax evasion.
According to information leaked to the Spanish media by court sources, Mr Rato used a web of companies and over 70 bank accounts.
Which is that some parts of said multi-national produce a technocracy that is made up of rapacious bastards. Thieving rapacious bastards even. And the problem with the technocracy bit is that once such a system is in place we can’t get rid of them. For you don’t get to vote for a technocracy, nor vote against it.