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Meeting with Lorenzo Bini Smaghi

Following his departure at the end of 2011 from the European Central Bank, where he was a member of the Executive Board, Lorenzo Bini Smaghi took over the chairmanship of SnamReteGas and was appointed Visiting Scholar at the Weatherhead Center for International Affairs at Harvard.  In the latter capacity he visited the US in the spring of 2012, and the Council used the occasion to host him at a breakfast in New York on March 13.  One of Italy’s foremost experts on international monetary and financial issues, Dr. Bini Smaghi gave the Council members and guests in attendance his perspectives on the euro crisis.  Noting the existence of contrasting interpretations of the crisis in the US and Europe, Dr. Bini Smaghi offered a European assessment of recent developments, policy options considered, the relevant institutional framework , and prospects for resolution of the crisis.