Early Life and Career
After studying Economics in his native city of Florence, Dini took up a post at the International Monetary Fund in 1959, where he worked his way up until he served as Executive Director for Italy, Greece, Portugal and Malta between 1976 and 1979. Then, in October 1979, he moved to the Banca d'Italia, where he served as executive until May 1994. When the Governor of the Bank of Italy, Carlo Azeglio Ciampi, with whom Dini had developed a rivalry, was called upon to serve as Premier, in April, 1993, Dini was widely tipped to succeed him, but was passed over (allegedly on Ciampi's instigation) in favour of Antonio Fazio.
Dini scored a comeback, though, when Silvio Berlusconi formed the Berlusconi I Cabinet in May 1994, in which Dini served as Treasury Minister. Due to a split between Berlusconi and his coalition partner Umberto Bossi, the Lega Nord leader, Berlusconi's government collapsed in December 1994, after a mere seven months in power. In January 1995, Dini was appointed Prime Minister by President Oscar Luigi Scalfaro. Dini also took the portfolio for treasury in the cabinet and was a non-elected prime minister and minister. Though he was not noted as a left-winger, he was given the confidence vote of the left-wing parties (apart from the Communist Refoundation) and by Lega Nord, whereas his erstwhile partners in the right-wing government chose to abstain whilst citing benevolence. In theory, his cabinet was a technocratic one.
Read more about this topic: Lamberto Dini
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