FRANKFURT: The European Central Bank (ECB) is no longer accountable enough in view of its enhanced powers and the reach of its decision-making, according to Transparency International EU.
If the ECB wants to preserve its cherished independence it can’t hide behind a technocratic image, the report says. Among other recommendations, it should bolster its transparency, regulate contact with lobbyists and improve an “outdated” system for whistle-blowing.
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