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European University Institute - Robert Schuman Centre for Advanced Studies

Marco Buti joins the European University Institute

The EUI is delighted to announce that Marco Buti will be joining its faculty in May. Marco Buti will hold the Tommaso Padoa-Schioppa Chair in European Economic and Monetary Integration, based at the Robert Schuman Centre for Advanced Studies.

01 March 2023

Marco Buti

An experienced European official, Mr Buti is currently serving as Head of Cabinet of Commissioner for Economy, Paolo Gentiloni. Prior to that appointment, Mr Buti led the Directorate General for Economic and Financial Affairs since the onset of the financial crisis in the second half of 2008. He had previously served in various positions at the European Commission, including that of economic advisor to the President, and of Commission Finance Deputy at both the G7 and G20.

"I owe a lot professionally to Tommaso Padoa-Schioppa," said Marco Buti. "He was Director-General at the European Commission at the end of the 1970s, a position that I would hold for over a decade thirty years later. We interacted closely when he was a member of the Board of the European Central Bank and then Italy’s Finance Minister. Joining the EUI as the Tommaso Padoa-Schioppa Chair is an enormous privilege and a huge responsibility. I hope to be able to hold up the principles and inspiration of Tommaso for an open, fair, and effective European Union."

A graduate of the Universities of Florence and Oxford, Mr Buti has been visiting professor at different universities in Europe, including the European University Institute where he was Part-time Professor in European monetary and fiscal policies in 1999-2000. He has published extensively on Economic and Monetary Union, macroeconomic policies, welfare state reforms, and European unemployment.

According to EUI President Renaud Dehousse "with his competence and extensive experience at the crossroads of academic thinking and policy-making, Marco Buti will represent a major asset for the EUI. He will no doubt provide a fundamental contribution to our work programme, at a time when the European macroeconomic policy paradigm is being redefined."

The Tommaso Padoa-Schioppa Chair was established in 2012 in honour of Tommaso Padoa-Schioppa, former Italian Minister of Finance (2006-2008), and a member of the Executive Board of the European Central Bank (1998-2005) during the period preceding the launch of the EMU. Widely recognised as one of the founding fathers of the European single currency, Tommaso Padoa-Schioppa was a committed European and a friend of the EUI. The research programme of the Chair focuses on the analytical changes and policy responses of international macroeconomics and finance in Europe.

Photo credits: EU/Lukasz Kobus

Last update: 02 March 2023

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