Finance Minister and Central Banker of the Year: The regional winners
It took Carlo Azeglio Ciampi half a century to work his way to the top spot in Italian finance (via stints as central bank governor and prime minister). At 77, the seemingly indefatigable minister of treasury, budget and economic planning is credited with accelerating the pace of fiscal consolidation so that Italy qualifies for Emu membership in the first round. Ciampi has also been instrumental in pushing through much-needed public-administration reforms, helping to lower the budget deficit towards the 1997 objective of 3% of GDP.
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