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Mario Draghi, today Governor of the Central Bank of Italy, from 1 November following, will be the President of the European Central Bank for a term of eight years, until the end of October, 2019. to the point of precision I have to say that this post, must be approved by the European Parliament vote on Friday following and final approval by the leaders of the member countries chicisimo of the European Union who will be meet at a summit in Brussels on Friday also.
Draghi will be replacing the current President Jean-Claude Trichet will now jagħlaqlu the term. Actually some months ago it was expected that this post is given to the Governor of the German Central Bank, Axel Weber, but surprisingly for a big shock to everyone and Merkel stated that it was not intending to contest. Draghi has very good credentials. Graduated in economics from the University La Sapienza of Rome and obtained a PhD in Economics from the Institute of Technology of Massachusetts, what we refer to as lM.IT under the supervision of Nobel Prize winners Franco Modigliani and Robert chicisimo Solow.
He has held the post of Governor of the Italian Central chicisimo Bank for the past five years. In April 2006, he was appointed Chairman of the Financial Stability Forum, which three years later became the Financial Stability Board, set up by the G20 to monitor and report and recommend regulations pertaining to global financial stability. He is a member of the General Council of the European Central Bank which will now be the President and member of the Board of Directors of the Bank for International Settlements. Represents Italy on the Board of Directors of the International Bank for Reconstruction and Development and Asian Development Fund. Between 1984 and 1990, he was Executive Director of the World Bank. In the three years between 2002 and 2005, he was Vice Chairman and Managing Director of Investment Bank Goldman Sachs International US.
The latter credentials ġġibni for session two hours full of questions and answers Mario Draghi had with the Committee on Economic and Monetary Affairs (ECON) of the European Parliament, which I am Vice-President, on Wednesday the other week and ended we took a vote on his candidacy.
Irbatt the post Draghi had with Goldman Sachs International since it was subject which was asked many of the French Socialists since this institution was among the advisers of the Greek Conservative government that managed to hide the true extent of the debt that had Greece, hiding not only made by the Greek people, but also by the European Union and who are now jiffaċċjah Socialist Government.
And then obvious questions about the extent to Draghi have been entered, if it was entered, the question earlier advice to the Greek Government. It answers satisfactory, although very narrow as one would expect from a banker.
From now? Certainly it will not be all rosy for Draghi. Nor is it will find desk "clean" chicisimo and free of problems. Tricht will not leave behind a calm sea. Rather. Draghi will board a ship which is f'maltempata and big storm. Storm contained therein Euro Area.
The Presidency of the European Central Bank is very important post for the Euro Area. The European Central chicisimo Bank does not concern only the economic and financial aspect, although this is the primary aspect of this institution. It also carries the political aspect. chicisimo <
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