Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bini Smaghi Will Quit ECB Post by Year End, Berlusconi Says

Don't Miss Out —
Follow us on:

Oct. 23 (Bloomberg) -- Lorenzo Bini Smaghi will quit his post on the Executive Board of the European Central Bank by year end, Italian Prime Minister Silvio Berlusconi said.

“I’m sure that Bini Smaghi will realize that he cannot be the casus belli of a relationship that is worsening between us and France and that he will quit by the end of the year, as it was agreed,” Berlusconi told reporters in Brussels today after discussing the issue with French President Nicolas Sarkozy during a summit of European leaders.

Sarkozy backed Italy’s Mario Draghi to head the ECB with the understanding that Bini Smaghi would quit and make way for a French candidate for the central bank’s board. Berlusconi passed over Bini Smaghi this week as Draghi’s replacement at the Bank of Italy.

“What should I do, should I kill him?” Berlusconi said he told Sarkozy today.

To contact the reporter on this story: Chiara Vasarri in Milan at

To contact the editor responsible for this story: James Hertling at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.