White's predecessor at BIS got into trouble in the early 1990s for pointing out the structural 'potholes' in the euro project path, facing pressure because politicians did not want to acknowledge design flaws that would require difficult reforms.

factualpending

Speaker

William White

Evidence Quote

my predecessor... got into a lot of trouble by pointing out the potholes along the way to the Euro to the Euro project.

Source

Former Chief Economist (BIS) Explains Monetary EndgameReinvent Money
Created: 8/11/2026, 7:24:53 AM

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