He was one of the main driving forces behind the euro which he promoted as long ago as 1982.
Padoa-Schioppa graduated from Milan's Bocconi University in 1966 and went on the the Massachusetts Institute of Technology where he received an MA. In 1968 he joined the Bank of Italy becoming vice-director-general in 1984; a post which he held for 13 years. Amongst his other positions were:
- 1997 - 1998, head of Consob which supervised the stock market where he introduced reforms to clamp down on insider trading
- 1998 - 2005, member of the European Bank's executive where he steered the bank through the first difficult years of the euro
- 2006 - 2008, Minister of Economy and Finance under Romano Prodi
- 2007 - 2008, Chairman of the steering committee of the International Monetary Fund (IMF)
He died following a heart attack in December 2010.
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