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and went on to become a found- dent of the ECB, Wim Duisen- ics at Catholic University of Leu- His friend, Niki Marvin,
ing father of the euro, has died. berg, and Carlo Azeglio Ciampi, ven and obtained his doctorate told the Los Angeles Times
He was 86. who later became Italian prime from Oxford University in 1957, that Bast died on May 4 at a
Lamfalussy died Saturday, ac- minister and president. the same year that six western Los Angeles care facility
cording to Belga, the Belgian na- Turning the road map into real- European countries signed the from Alzheimers disease.
tional newswire, which cited his ity became his job when the EMI Treaty of Rome, the nucleus of Bast wrote for numerous
newsday.com
family. No cause was given. The Lamfalussy attends a news was established in Frankfurt, todays European Union. TV shows and received an
European Central Bank acknowl- conference in Frankfurt in 1997. home of the German Bundes- Monetary expertise led to the Emmy nomination for his
edged the death in a statement. bank, then Europes dominant in- post of economic adviser at 1977 adaptation of The Man
Lamfalussy was the first pres- a central banker, Lamfalussy de- terest-rate-setting institution. Banque de Bruxelles, a private in the Iron Mask. He also
ident of the European Mone- fended the euro as a risk worth The Bundesbank loomed so bank. Lamfalussy became chair- wrote the movies The
tary Institute, a short-lived in- taking after the sovereign-debt large over Europes economy man of the banks executive Betsy and The Valley of
NEWSDAY, FRIDAY, MAY 15, 2015
stitution created in 1994 with crisis that came close to shatter- that Lamfalussy had to crawl out board in 1971, stepping down Gwangi.
the sole purpose of setting up ing the currency. from under its shadow. After the after losses on unhedged foreign- Bast also was known for
the ECB and then willing itself The European Union EMIs first meeting in January exchange trades threatened the his close relationship to
out of existence. couldnt exist without mone- 1994, he told reporters: I shall banks survival. actor James Dean.
He foresaw the essential tary union, he said in memoirs not accept a greater influence His biography of Dean
need for financial integration published in 2013. from the Bundesbank than if I was published in 1956, a year
in Europe to go hand in hand Lamfalussys role in forging a had been sitting on the top of a LEGACY after the actor died in a car
with monetary integration and path to monetary union began in mountain somewhere else. In crash.
actively drove this process for- 1976 when he embarked on a ca- practice, the Bundesbank held Read recent obituaries, He wrote and coproduced
ward, the ECB said. reer at the Bank for International sway in the setting-up of the ECB. in memoriams. a 1976 Dean biopic and wrote
First an academic economist, Settlements, the Basel, Switzer- Born on April 26, 1929, in newsday.com/obituaries a second book, Surviving
then private banker and finally land-based clearinghouse for the Kapuvar, Hungary, Lamfalussy James Dean, in 2006. AP