|
|
Article: Western Europe: Italy - Italy Enjoys The 'Draghi Effect' - The Hands-off Approach Of Italy's Central Bank Boss Mario Draghi Seems To Be Paying Off As The Country Is Starting To Produce Continental-scale Banks. David Lane Reports.(Banco Ambrosiano Veneto S.p.A. to merge with Cariplo)
- Article from:
- The Banker
- Article date:
- July 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: DAVID LANE
What a difference a year can make. That thought may have been high in the mind of Mario Draghi, the Bank of Italy's governor, when he addressed the bank's annual meeting on May 31.
Exactly one year earlier, Mr Draghi had stood for the first time before the packed ranks of Italy's financial, political and business leaders to make the governor's annual address.
Strong words
Drafted in following the dramatic resignation in December 2005 of Antonio Fazio in the wake of the Banca Popolare di Lodi affair, Mr Draghi spoke then about "a convulsive period of scandal and speculation during which it seemed that the market, ...