In this interview excerpt, Fabrizio Saccomanni, Head of the Foreign Department at the Bank of Italy from 1984 to 1997, describes the work of the Delors Committee (1988–1989) set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) and particularly mentions the discussions that took place in Italy on the negotiations for the introduction of EMU.

In this interview excerpt, Fabrizio Saccomanni, Head of the Foreign Department at the Bank of Italy from 1984 to 1997, explains how the composition of the Delors Committee, which met from 1988 to 1989 to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU), had a major influence on the outcome of its work. The committee, chaired by Jacques Delors, President of the European Commission, was composed of the central bank governors and three independent experts.

In this interview excerpt, Fabrizio Saccomanni, Head of the Foreign Department at the Bank of Italy from 1984 to 1997, looks back at the creation of the European Monetary Institute (EMI) and its role in the preparations for the establishment of the future European Central Bank (ECB) and the introduction of the European single currency. He also emphasises the decisive action taken to this end by Alexandre Lamfalussy, General Manager of the Bank for International Settlements (BIS) from 1985 to 1993 and President of the European Monetary Institute (EMI) from 1994 to 1997.

In this interview excerpt, Fabrizio Saccomanni, Head of the Foreign Department at the Bank of Italy from 1984 to 1997 and Managing Director for International Affairs at the Bank of Italy from 1997 to 2003, Vice President of the European Bank for Reconstruction and Development (EBRD) from 2003 to 2006, a Member of the Governing Board and Senior Deputy Governor of the Bank of Italy from 2006 to 2013 and Italian Minister for Economic Affairs and Finance from 2013 to 2014, discusses the ongoing debates over the aims of the European Central Bank (ECB) in terms of price stability and the question of its independence.