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Ciampi, Carlo Azeglio (Italy)

Reference work entry

Introduction

With no party affiliation, Carlo Azeglio Ciampi was brought into politics from his position as bank governor of the Bank of Italy, where he had worked for 47 years, to be prime minister of a caretaker government in 1993–94, a time of corruption scandals in Italy. He brought public expenditure under control and advanced the privatization of state assets. From 1996–99 he served as treasury minister, overseeing Italy’s success in meeting the economic criteria for membership of the single European currency. In May 1999 he was elected president of the Italian Republic. His term ended on 15 May 2005.

Early Life

Ciampi was born in Livorno on 9 Dec. 1920. He obtained an arts degree and diploma before serving in the Italian army (and winning the Military Cross) in the Second World War. After the war he changed academic direction to study law, graduating from the University of Pisa in 1946. That year he joined the Bank of Italy and worked in a number of branch offices with...

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