Published on Nov 10, 2011 by Euronews
http://www.euronews.net/ Lorenzo Bini Smaghi, the Italian on the European Central Bank executive board is quitting to go and teach at Harvard University in the United States.
After another Italian, Mario Draghi, replaced Jean Claude Trichet as head of the ECB, President Nicolas Sarkozy complained there was no French member on the board while Italy had two.
Bini Smaghi's resignation defuses a row between Paris and Rome.
After another Italian, Mario Draghi, replaced Jean Claude Trichet as head of the ECB, President Nicolas Sarkozy complained there was no French member on the board while Italy had two.
Bini Smaghi's resignation defuses a row between Paris and Rome.
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