2/4  BIS - Central bankers' speeches  The German philosopher Hegel once said, "We learn from history that we do not learn from history." Let us not repeat the same mistake as pointed out by Hegel. It is true that we are facing hardship both domestically and internationally. However, I believe we can produce a better outcome based on our actions.
We have it in our DNA to effectively overcome any crisis. We must turn these challenges into opportunities. My dear colleagues, In times of need, people look to experienced professionals.