Paolo Savona
Italian economist, professor, and politician (born 1936)
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Key Takeaways
- Paolo Savona (born 6 October 1936) is an Italian economist, professor, and politician.
- During the 2010s, Savona became one of the most fervent Eurosceptic economists in Italy.
- After obtaining a degree in economics from the University of Cagliari in 1961, his career started at the Servizio Studi (internal research service) of the Bank of Italy.
- Together with Michele Fratianni, he studied international money creation.
- In 1976, Carli became the President of General Confederation of Italian Industry (Confindustria) and asked Savona to follow him as Director-General, a post that he kept until 1980.
Paolo Savona (born 6 October 1936) is an Italian economist, professor, and politician. He was the Italian Minister of European Affairs from 1 June 2018 until 8 March 2019, his second stint in government after 1993–1994. During the 2010s, Savona became one of the most fervent Eurosceptic economists in Italy.
Institutional career
Savona was born in Cagliari, Sardinia, on 6 October 1936. After obtaining a degree in economics from the University of Cagliari in 1961, his career started at the Servizio Studi (internal research service) of the Bank of Italy. In that context, he worked together with Guido Carli (Governor, 1960–1975) and Paolo Baffi (Governor, 1975–1979), he attended classes at the Massachusetts Institute of Technology (MIT), where he came to work with Franco Modigliani. Together with Michele Fratianni, he studied international money creation. He also specialised at the Federal Reserve Board of Governors in Washington, D.C. In 1976, Carli became the President of General Confederation of Italian Industry (Confindustria) and asked Savona to follow him as Director-General, a post that he kept until 1980.
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