Bini Smaghi Pays EU50 to Fund Renzi’s Campaign for Italy Premier

Former European Central Bank Executive Board member Lorenzo Bini Smaghi paid 50 euros ($65.3) to fund Florence Mayor Matteo Renzi’s campaign for the leadership of Italy’s Democratic Party before the elections due by April of next year.

The contribution of Bini Smaghi, a Florence native, was included in a list posted today on the official website of Renzi’s campaign, which said it had permission to publish the names. Renzi’s spokeswoman Antonella Madeo confirmed the donation by e-mail. The list also included 100 euros paid by Gaddo della Gherardesca, former partner of the Duchess of York, Sarah Ferguson. Bini Smaghi declined to comment in an e-mail responding to a question about the donation.

Renzi announced last month that he’ll challenge Pier Luigi Bersani, head of the Democratic Party, in a primary before the elections, in a bid to become the country’s next prime minister. The leadership challenge comes as the Democratic Party leads in most opinion polls.

On Sept. 27 unelected Prime Minister Mario Monti said that while he won’t run in the elections next year, he remains available to serve another term should the need arise.

-- With assistance from Gabi Thesing in London. Editors: Andrew Davis, Jim Silver

To contact the reporters on this story: Lorenzo Totaro in Rome at Andrew Frye in Rome at

To contact the editors responsible for this story: Craig Stirling at James Hertling at

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