The Debt Crisis in the Euro Area: Interest and Passions
Bref | 21/05/2010 
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We could pretend to be unaware that the crisis threatened the European Union itself as long as only a bank, an area of industry, or a neighboring country were affected. However, when it hit a country like Greece, a member of the euro group, it became self-evident that while Europe may not be to blame, it could well become the great global crisis' main victim. [...] Thus Europe is once again facing both an opportunity and a risk at the same time. The Union today needs to complete its project, and thus it has an opportunity to do so.


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Tommaso Padoa-Schioppa
Tommaso Padoa-Schioppa is President of Notre Europe and Chairman of Promontory Europe. He was appointed by Greek Prime Minister Counsel for issues related to management of the economic crisis and public debt in the financial system on August 3, 2010. He was Italian Minister of Economy and Finance (2006-08) and Chairman of the Ministerial Committee of the International Monetary Fund (IMFC, 2007-2008). He is a former Chairman of the Trustees of the IASC Foundation (International Accounting Standard Committee, 2005-2006). In 1998-2005 he was member of the first Executive Board of the European Central Bank. Previously he was Chairman of Commissione Nazionale per le Società e la Borsa (CONSOB, 1997-98), Deputy Director General of the Banca d'Italia (1984-97) and Director General for Economic and Financial Affairs at the Commission of the European Communities (1979-83). He has been Joint Secretary to the Delors Committee (1988-89), Chairman of the Banking Advisory Committee of the EC (1988-91) , Chairman of the Basle Committee on Banking Supervision (1993-97) and Chairman of the Committee on Payment and Settlement Systems (2000-05). He graduated from the Luigi Bocconi University and has a M.Sc. from the Massachusetts Institute of Technology.
In view
" Tra due folle che si scontrano" Tommaso Padoa-Schioppa
Tribune by Tommaso Padoa-Schioppa | 07/05/2010
Article pubilshed on Tommaso Padoa-Schioppa's Website, 7 May 2010.
Project
Europe 2020
Research project
Explore further
"Euro remains on the right side of history" Tommaso Padoa-Schioppa, Financial Times 13 May 2010
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