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Tommaso Padoa-Schioppa

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Tommaso Padoa-Schioppa (23rd July 1940, Belluno – 18th December 2010, aged 70) was a banker and economist and Minister of Economy and Finance from May 2006 until May 2008.

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 also worked as a director of Fiat and more recently was working with Greece on its financial recovery.

In his career he received 6 honorary degree and was a Cavaliere di Gran Croce of Italy.

He wrote more than 100 publications (in English and French) on economic policy and matters.


Personal Life

Padoa-Schioppa was married to economist Fiorella Kostoris with whom he had 3 children. Following his divorce he became the companion of journalist Barbara Spinelli.

He died following a heart attack in December 2010.


External Links

Official Website





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