Word: carlie
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Dates: during 1970-1979
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On the other side, worried government bankers agree with Guido Carli, former chief of Italy's central bank, that Eurocurrencies have become ''the root of all evil in the international monetary system.'' In this huge worldwide market, currencies can be traded almost instantly and without...
Guido Carli, the former governor of the Bank of Italy who now heads the Italian Confederation of Industry, openly forecasts "an era when private industry is no longer able to make a profit." In West Germany, Kurt Richebacher, chief economist of the Dresdner Bank, speaks of "a grave profitability crisis...
Carli chose his moment well. A year ago, Italy was on the edge of bankruptcy -the victim of higher oil prices and mismanagement by a succession of governments. Since then, the situation has improved dramatically. Italy's balance of payments deficit narrowed from $4.5 billion in the first half...
It was the kind of rescue Carli had pulled off before, and the strain of dealing with crises apparently left him with a feeling that he had gone stale in his job. Born in the northern Italian city of Brescia, he was educated as an academic economist, but switched to...
Carli's replacement will be a triumvirate headed by his longtime deputy, Paolo Baffi, 64, a retiring monetary expert whose views are not known to differ from Carli's. The others are Rinaldo Ossola, 61, a former chairman of the International Monetary Fund's Group of Ten...