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Italian Ex-Minister & Greek Adviser Padoa – Schioppa Passes

Italy’s former Economy Minister Tommaso Padoa-Schioppa, a founding father of the euro who had been acting as an adviser to the Greek government, has died at the age of 70, Italian media reported Saturday.
Padoa-Schioppa died after suffering a heart attack in Rome last night while at a dinner with about 100 people, the newspaper La Repubblica reported on its website.
Padoa-Schioppa, who fought for the single currency as a catalyst for European integration, served on the ECB’s executive board from 1999 until 2005.  He was deputy director general of the Bank of Italy for 13 years. During this time he was passed over for the governorship in favor of Antonio Fazio in 1993.  He was named Finance Minister under Italian Prime Minister Romano Prodi in May 2006, a position he kept until the government collapsed in January 2008.
In August he was named Adviser of the Greek Government for Economy and Debt Management. Also a former Italian Finance Minister, Padoa-Schioppa was advising Greek Prime Minister George Papandreu on issues of policy planning.  The planning related to the implementation of economic, fiscal and structural policy in the framework of the European support mechanism.

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