Some observers are debating these conclusions in the rather imprecise terms of a radical reform of the structure of the international financial system, with ideas ranging from the abolition of the IMF and World Bank - without replacement - to illusionary notions of a new Bretton Woods system or even a World Central Bank.
His last term as prime minister saw the beginnings of foreign exchange liberalization in connection with Italy’s endorsement of the Single European Act. Serving three times as President of the Senate, from 1968 to 1973, 1976 to 1982 and 1985 to 1987, Fanfani stood out for his dedication, rigour and the absolute impartiality with which he fulfilled this mandate.