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"Euro remains on the right side of history" Tommaso Padoa-Schioppa, Financial Times 13 May 2010
Tribune | 13/05/2010 
Article published in Financial Times on 13 May 2010.
Over many months, a mighty army has advanced on the citadel of the European currency with the cry: "It will never work!" The army was quick and single-minded, the citadel slow and divided. The besiegers were thousands, steeled by convictions all the more fervent for their extreme simplicity. Their reasoning was as follows: the euro area is not a political union and can never become one, becaue Europeans have no appetite for it and nation-states wxill not relinquish power. Thje citadel, therefore, is doomed to capitulate and its stubborn resistance merely serves to create profit opportunites for astute traders...
More on Financial Times website.
Articles by Tommaso Padoa-Schioppa :
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The author |
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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.
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