Tuesday, December 21, 2010

Tommaso Padoa-Schioppa Dies; He Leaves Behind the Euro

Tommaso Padoa-Schioppa, an economist and former Italian finance minister who was one of the driving forces behind the creation of the European Union’s single currency, died Saturday in Rome. He was 70.

He oversaw the introduction of the euro in 1999 during a seven-year term on the European Central Bank’s six-person executive board. He was a founding member of the board.

Always one for expanded government structures, he was also president of Notre Europe, a Paris-based policy institute that advocates for European integration.

1 comment:

  1. In Italy we love him very much because he famously said "taxes are a beautiful thing".

    I guess he is now in hell, condamned to work while the devils live at his expenses.