Wednesday, April 7, 2010 as of 11:14 AM ET
Lorenzo Bini Smaghi (born 29 November 1956 in Florence) is an Italian economist who has been a Member of the Executive Board of the European Central Bank ([http://www.ecb.int ECB]) from June 2005 to November 2011. In the ECB Executive Board he was responsible for international and European relations and for the legal department of the Bank and for its administration, including the building of a new site for the ECB in the Frankfurt Grossmarkthalle.
Read More at Wikipedia ›A former member of the European Central Bank's executive board says that "Germans are more pro-European than the French or Italians," in comments published Friday by Turin daily La Stampa.
Germans have legislated budget measures, innovated in their industry, passed reforms to lower the jobless rate, and paid taxes, Lorenzo Bini Smaghi tells the paper in an interview.The economist, who resigned from the ECB after his compatriot Mario Draghi took over as president of the central bank, also said that Europe risked a Japanese-style "lost decade" if authorities didn't forge a "supervisory and regulatory compact" to flank the fiscal compact agreed earlier this month.The ECB's liquidity policies are right, but the bank "should keep forging ahead to assure price stability," Bini Smaghi added.Bini Smaghi warned that it could take Italy a long time to extricate itself from the economic crisis, criticizing the state, companies and labor unions for "preferring to take refuge in sectors where compet...By Annika Breidthardt and George GeorgiopoulosATHENS/BERLIN (Reuters) - German Chancellor Angela Merkel called on Sunday for private investors to make a major contri...
By George GeorgiopoulosATHENS (Reuters) - Allowing the EFSF bailout mechanism to buy back bonds from the secondary market would help deal with Europe's debt crisis, ...
By Paul TaylorATHENS (Reuters) - The euro zone's debt crisis has taken a dangerous turn. Contagion is singeing the currency bloc's third biggest economy Italy, which...
By Paul CarrelDraghi has so far shown no clear sign of taking different positions than Trichet on key policies. But his public communications style may, initially at...
BRUSSELS (Reuters) - The European Parliament formally endorsed Italy's Mario Draghi to be the next president of the European Central Bank on Thursday.French official...
By Sakari SuoninenFRANKFURT (Reuters) - The European Central Bank is likely to signal a July interest rate rise on Thursday while continuing to provide banks with un...
Yet if Italy nominates someone other then Bini Smaghi it risks jeopardizing the chances of Draghi to become president, as several euro zone countries have made clear...
LONDON (Reuters) - The idea that a Greek debt restructuring could be carried out in an orderly way is a "fairytale," European Central Bank board member Lorenzo Bini ...
The IMF warned Greece on Wednesday that it would fail to shore up its finances unless it redoubled reform efforts, and euro zone officials dismissed suggestions that...
By Stephen Brown and Ingrid MelanderBERLIN/ATHENS (Reuters) - German Chancellor Angela Merkel, Europe's reluctant paymaster, said on Tuesday she could only discuss f...
By Stephen Jewkes and Michael ShieldsMILAN/VIENNA (Reuters) - European Central Bank policymaker Ewald Nowotny on Tuesday favored giving Greece more time to repay its...
By George GeorgiopoulosATHENS (Reuters) - Two German government advisers see a debt restructuring by Greece as inevitable while two of the overborrowed country's min...
The European Central Bank should be given greater power to oversee euro-zone banks in order to curb "perverse incentives" stemming from its offer of cheap three-year...
A better outlook for the U.S. economy boosted European stocks and supported the euro on Friday, but any gains in the holiday-thinned markets are likely to prove shor...
Lorenzo Bini Smaghi, a member of the European Central Bank's six-member Executive Board, will step down early from his post to join Harvard University's Center for I...
By Sebastian TongIn their battle to bolster state finances and avoid sovereign defaults, euro zone policymakers may do well to examine the efforts of tiny neighbor L...
It would be easier to deal with the euro zone debt crisis if more firepower was available, European Central Bank Executive Board member Lorenzo Bini Smaghi said, cal...
By Sakari Suoninen and Martin SantaFRANKFURT (Reuters) - European Central Bank officials encouraged hopes of a cut in interest rates to aid economic growth on Monday...
By Dina Kyriakidou and Dan FlynnWASHINGTON (Reuters) - European policymakers began working on new ways to stop fallout from Greece's near-bankruptcy from inflicting ...
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