Transparency International calls for major reforms of ECB governance
NGO says ECB should disavow role in ‘troika’ supervising Greek bail-out
The European Union chapter of the non-governmental organisation Transparency International (TI-EU) has called for significant changes to the governance of the European Central Bank (ECB).
The TI-EU report, published today (March 28), said the “extraordinary measures taken by the ECB since 2008 have tested the ECB’s mandate to breaking point”. The ECB had been “deliberately placed outside of democratic politics”, the report argued. The ECB president and the chair of its supervisory board were
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