Trichet Concerned over Independence of ECB in new Treaty - by Hnor Mahony
The European Central Bank (ECB) last week sent a letter asking member states to make sure that the bank's independence is maintained in a new EU treaty following a small but potentially significant change to the draft treaty outline. In a letter sent to the current Portuguese EU presidency published 9 August, ECB head Jean-Claude Trichet asked for specific changes that would guarantee that the bank has a special status, separate from other EU institutions such as the parliament and commission.
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