In this interview excerpt, Romano Prodi, President of the Italian Council from 1996 to 1998 and 2006 to 2008 and President of the European Commission from 1999 to 2004, speaks about his regrets at the introduction of the Stability Pact when the euro was established and mentions his discussions with Tommaso Padoa-Schioppa, Deputy Director General of the Bank of Italy from 1984 to 1997 and a member of the Executive Board of the European Central Bank from 1998 to 2005, on this subject.

In this interview excerpt, Romano Prodi, President of the Italian Council from 1996 to 1998 and 2006 to 2008 and President of the European Commission from 1999 to 2004, outlines the European vision of Tommaso Padoa-Schioppa, who was a member of the Executive Board of the European Central Bank from 1998 to 2005 and Italian Minister for the Economy and Finance from 2006 to 2008.