Malta Former US Fed chair Alan Greenspan dead at 100

Malta Mourns Passing of US Fed Chair Alan Greenspan, 100

ByHot Malta 23 June 2026

Malta wakes up to the news that Alan Greenspan, the former Chairman of the US Federal Reserve, has passed away at the age of 100. The man who steered the world’s largest economy through some of its most turbulent times, was born in the same year as Malta gained independence. His death, at his home in Washington D.C., has sent ripples across the global financial community, but what does it mean for Malta?

From Żebbuġ to Wall Street

Greenspan’s roots can be traced back to Malta. His grandfather, Michael Greenspan, was born in Żebbuġ, a small village in the north of the island. While Greenspan himself never set foot in Malta, his family’s history is a testament to the global reach of Malta’s diaspora. Greenspan’s rise from a humble upbringing in the Bronx to the helm of the US Federal Reserve is a story of perseverance and intellect that resonates with Malta’s own rags-to-riches tales.

Lessons for Malta’s Economy

Malta’s economy, much like Greenspan’s career, has seen its fair share of ups and downs. As the island navigates its way through the post-pandemic recovery, Greenspan’s legacy offers some valuable lessons. His advocacy for free trade and open markets, coupled with his belief in the power of innovation, are principles that Malta can adopt to drive its own economic growth. Greenspan once said, “The problem with the future is that it keeps turning into the present.” For Malta, this means that the future of its economy is not something to be feared, but to be shaped.

Greenspan’s Malta Connection

While Greenspan may not have visited Malta, Malta has certainly made its mark on him. In his 2007 memoir, “The Age of Turbulence,” Greenspan dedicates a chapter to his Maltese heritage. He writes about his grandfather’s journey from Malta to the United States, a story that mirrors the experiences of many Maltese immigrants. Greenspan’s connection to Malta serves as a reminder of the island’s influence on the world stage, and the impact that its people have had on global affairs.