Ambrosetti Forum 2007: September 7-9
The annual Ambrosetti Forum is Italy’s own mini-Davos set next to Lake Como. Started in 1975, politicians, financiers and business people, from across the world, debate the key issues of the day.
The Financial Times at the Ambrosetti Forum
John Thornhill, European editor and Guy Dinmore, Rome correspondent, report from the Ambrosetti Forum in Cernobbio in northern Italy. From the shores of Lake Como at the Villa d’Este hotel, the FT brings exclusive video interviews with leading politicians, regulators, business people and financiers.
The forum is attended by Italy’s business elite and was set up Ambrosetti, an Italian consulting firm, which is now part of the European House consulting group.
Joaquin Almunia, EU monetary affairs commissioner, tells John Thornhill that national leaders shouldn’t try to be central bankers and explains his faith in EU structural reform to help protect Europe from the credit squeeze.
Charlie McCreevy, EU internal market commissioner, tells John Thornhill that the credit crisis leads to the banks, not the hedge funds and that pan-European regulation is “not on the cards”.
Ahmed Nazif, Egyptian prime minister, says the US should remain in Iraq as it remains central to a political solution for the Iraqi peace and stability.
Amr Moussa, secretary-general of the Arab League, tells Guy Dinmore the only aim for all players in Iraq now should be ”to clear up the mess” for the sake of the country.
Luca Cordero di Montezemolo, chairman Confindustria, the Italian employers’ body, speaks to Guy Dinmore about his anti-Mafia message and the future of debt-burdened flag carrier Alitalia.
John Thornhill, FT European editor, steps away from the swimming pool and finds the minds of leading players at Ambrosetti all focused on calming the troubled waters of the credit markets.
Mario Monti, former EU competition commissioner, tells John Thornhill that France must embrace more competition and defends his support of European market liberalisation.
Rodrigo de Rato, managing director of the International Monetary Fund, discusses with John Thornhill the crisis in the markets and ways to restore trust
Kenneth Rogoff, ex-IMF chief economist, explains to John Thornhill why he thinks the credit crunch is the “first new age financial crisis” and examines the dilemmas facing central banks to lessen its impact.