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Fabrizio Saccomanni
Fabrizio Saccomanni (22 November 1942 – 8 August 2019) was an Italian economist, civil servant and the director general of the Bank of Italy. He served as minister of economy and finance between April 2013 and February 2014. From 13 April 2018 until his death, Saccomanni was the chairman of UniCredit. Early life and education Saccomanni was born in Rome on 22 November 1942. He held a master's degree in economics and business, which he received from the Bocconi University in 1966. He also took postgraduate courses in monetary and international economics at Princeton University. Career Saccomanni worked at the Bank of Italy most of his career. His tenure at the bank was only interrupted when he worked at the International Monetary Fund (1970–1975) and at the London-based European Bank for Reconstruction and Development where he served as vice president from 2003 to 2006. He also served as the chairman of the foreign exchange policy committee of the European Monetary Inst ...
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Italian Minister Of Economy And Finance
The Italian Minister of Economy and Finance ( it, Ministro dell'Economia e delle Finanze) is a senior member of the Italian Cabinet who leads the Ministry of Economy and Finance since its creation in 2001 by the fusion of three former ministries, the Ministry of Treasury, the Ministry of Budget and the Ministry of Finance. The first Minister of Economy and Finance was Giulio Tremonti, of Forza Italia, while the current office holder is Giancarlo Giorgetti, who has been acting as minister since 22 October 2022. List of ministers of Finance, Treasury and Budget (1946–2001) List of ministers of Economy and Finance (2001–present) ; Parties: * ** ** ** ** ; Governments: * ** ** ** Timeline See also *Politics of Italy The politics of Italy are conducted through a parliamentary republic with a multi-party system. Italy has been a democratic republic since 2 June 1946, when the monarchy was abolished by popular referendum and a constituent assembly was elect ... ...
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Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''President (corporate title), president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', ''moderator (town official), moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''Spe ...
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Matteo Renzi
Matteo Renzi (; born 11 January 1975) is an Italian politician who served as prime minister of Italy from 2014 to 2016. He has been a senator for Florence since 2018. Renzi has served as the leader of Italia Viva (IV) since 2019, having been the secretary of the Democratic Party (PD) from 2013 to 2018, with a brief interruption in 2017. After serving as the president of the province of Florence from 2004 to 2009 and the mayor of Florence from 2009 to 2014, Renzi was elected secretary of the PD in 2013, becoming Prime Minister the following year. At the age of 39 years, Renzi, who was at the time the youngest leader in the G7 and also the first-serving mayor to become Prime Minister, became the youngest person to have served as Prime Minister. While in power, Renzi's government implemented numerous reforms, including changes to the Italian electoral law, a relaxation of labour and employment laws with the intention of boosting economic growth, a thorough reformation of ...
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Renzi Cabinet
The Renzi government was the 63rd government of the Italian Republic, in office from February 2014 to December 2016. It was led by Matteo Renzi, secretary and leader of the centre-left Democratic Party (PD). The government was composed of members of the PD together with the New Centre-Right (NCD), the Union of the Centre (UdC), Civic Choice (SC), the Populars for Italy (PpI, until June 2015), Solidary Democracy (Demo.S, since July 2014), the Italian Socialist Party (PSI), Democratic Centre (CD, since October 2015) and non-party independents. At its formation, the Renzi government was the youngest government of Italy to date, with an average age of forty-seven, and the youngest-ever Prime Minister. It was also the first Italian government in which the number of female ministers was equal to the number of male ministers, not including the prime minister; that later changed, as eventually three female ministers resigned, each replaced by a male minister. On 19 April 2016, th ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million ( US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a "Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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Letta Cabinet
The Letta government was the 62nd government of the Italian Republic. In office from 28 April 2013 to 22 January 2014, it comprised ministers of the Democratic Party (PD), The People of Freedom (PdL), Civic Choice (SC), the Union of the Centre (UdC), one of the Italian Radicals (RI) and three non-party independents. The government was referred to by journalists as a Grand coalition ( it, Grande coalizione) or Government of broad agreements ( it, Governo di larghe intese). At formation, the government benefited from a supermajority in the Italian Parliament, one of the largest in the history of the Italian Republic. It was the youngest government to date, with a median age of 53. It was sworn in on 28 April 2013 and won the confidence vote in both the Chamber of Deputies on 29 April and the Senate on 30 April. Formation and end The 2013 general election, held on 24–25 February, saw the rise of the Five Star Movement (M5S) and the lack of a common majority in both houses ...
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Think Tank
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmental organizations, but some are semi-autonomous agencies within government or are associated with particular political parties, businesses or the military. Think-tank funding often includes a combination of donations from very wealthy people and those not so wealthy, with many also accepting government grants. Think tanks publish articles and studies, and even draft legislation on particular matters of policy or society. This information is then used by governments, businesses, media organizations, social movements or other interest groups. Think tanks range from those associated with highly academic or scholarly activities to those that are overtly ideological and pushing for particular policies, with a wide range among them in terms of the ...
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European Council On Foreign Relations
The European Council on Foreign Relations (ECFR) is a pan-European think tank with offices in seven European capitals. Launched in October 2007, it conducts research on European foreign and security policy and provides a meeting space for decision-makers, activists and influencers to share ideas. ECFR builds coalitions for change at the European level and promotes informed debate about Europe's role in the world. ECFR has offices in Berlin, London, Madrid, Paris, Rome, Warsaw and Sofia. ECFR was founded in 2007 by Mark Leonard together with a council of fifty founding members, chaired by Martti Ahtisaari, Joschka Fischer, and Mabel van Oranje, with initial funding from George Soros's Open Society Foundations, the Communitas Foundation, Sigrid Rausing, Unicredit and Fundación Para las Relaciones Internacionales y el Diálogo Exterior (FRIDE). ECFR's council brings together over 300 Europeans from across Europe. Currently chaired by Carl Bildt, Lykke Friis and Norbert R� ...
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European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central banks. The ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central banks. The ECB has the exclusive right to authorise the issuance of euro banknotes. EU member states can issue their langu ...
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Bank For International Settlements
The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through its meetings, programmes and through the Basel Process – hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City. History The BIS was established in 1930 by an intergovernmental agreement between Germany, Belgium, France, the United Kingdom, Italy, Japan, the United States, and Switzerland. It opened its doors in Basel, Switzerland, on 17 May 1930. The BIS was originally intended to facilitate reparations imposed on Germany by the Treaty of Versailles after World War I, and to act as the tr ...
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European Monetary Institute
The European Monetary Institute (EMI) was the forerunner of the European Central Bank (ECB), operating between 1994 and 1997. History The EMI was created 1 January 1994 to oversee the second stage in the creation of monetary union. The EMI itself took over from the earlier European Monetary Cooperation Fund (EMCF). The EMI met for the first time on 12 January under its first President, Alexandre Lamfalussy. On 1 July 1997 Lamfalussy was replaced by Wim Duisenberg who would then go on to serve as the ECB's President. The institute was dissolved on 1 June 1998 with the creation of the ECB and the European System of Central Banks (ESCB) which took over its expanded responsibilities as the euro was launched. Role The EMI was the key monetary institution of the second phase of the Economic and Monetary Union of the European Union. The EMU encouraged cooperation between the national banks of the member states of the European Union (EU) and laid the foundation for the euro. It had l ...
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European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 71 countries and two European Union institutions, the newest shareholder being Algeria since October 2021. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners. The EBRD is not to be confused with the European Investment Bank (E ...
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