Economic historians still debate the respective roles that Einaudi himself and Donato Menichella, the then Director-General of the Bank of Italy, played in devising the stabilisation plan. Whatever the details, it is clear that Einaudi, as Governor of the Bank of Italy first, then as Budget Minister and deputy Prime Minister, took prime responsibility.
2  BIS Review 99/2006  Even if he had not had any policymaking role, Luigi Einaudi would be remembered as a communicator and educator. In fact, his very success as a policymaker owes much to his clear, effective way of speaking to the general public, at a time when this was very unusual.