“I use ‘disruptive’ in both its good and bad connotations. Disruptive scientific and technological progress is not to me inherently good or inherently evil. But its arc is for us to shape. Technology’s progress is furthermore in my judgment unstoppable. But it is quite incorrect that it unfolds inexorably according to its own internal logic and the laws of nature.”
Lorenzo Bini Smaghi is Chairman of Societé Générale. He is a Visiting Fellow at Harvard’s Weatherhead Center for International Affairs and Senior Fellow at LUISS School of European Political Economy in Rome. He is also Chairman of Italgas and a member of the Board of Tages Holding.
From June 2005 to December 2011 he was a Member of the Executive Board of the European Central Bank. He started his career in 1983 as an Economist in the Research Department of the Banca d’Italia. In 1994 he moved to the European Monetary Institute, in Frankfurt, to head the Policy Division, to prepare for the creation of the ECB. In 1998 he became Director General for International Affairs in the Italian Treasury, acting as G7 and G20 Deputy and Vice President of the Economic and Financial Committee of the EU. He was also Chairman of the WP3 of the OECD.
He has been Chairman of the Board of Snam, of SACE, and member of the Boards of Finmeccanica, MTS, the European Investment Bank and Morgan Stanley International.
He holds a Bachelor’s Degree in Economics from the Université Catholique de Louvain (Belgium), a Master’s degree from the University of Southern California and a Ph.D from the University of Chicago.
He is author of several articles and books on international and European monetary and financial issues (available in www.lorenzobinismaghi.com). He published "Austerity: European Democracies against the Wall" (CEPS, July 2013), "33 false verità sull'Europa" (Il Mulino, April 2014) and “La tentazione di andarsene: fuori dall’Europa c’è un futuro per l’Italia?” (Il Mulino, May 2017). He is currently member of the A-List of Commentators for the Financial Times.Last Updated: Jan 8, 2019, 1:56pm