Thursday, March 16, 2006
ECB WATCH. JEAN-CLAUDE TRICHET ON CENTRAL BANK INDEPENDENCE ... IN POLAND
. Ralph Atkins, Jan Cienski & George Parker: "Europe frets as Poland heads down populist path", Financial Times
According to the FT, a battle is raging between Poland's nationalist 'Law and Justice Party' and leaders of "independent institutions such as the central bank and the banking commission". Alarm bells have sounded accross Europe. On Monday,
"Jean-Claude Trichet, European Central Bank president, who fought his own battles against political interference as head of the Banque de France in the 1990s, argued that the principle of central bank independence was of extreme importance. The ECB las week said Poland's proposed bank supervision law, stripping the central bank of many of its powers, threatened Poland's chances of joining the eurozone".
. Ralph Atkins, Jan Cienski & George Parker: "Europe frets as Poland heads down populist path", Financial Times
According to the FT, a battle is raging between Poland's nationalist 'Law and Justice Party' and leaders of "independent institutions such as the central bank and the banking commission". Alarm bells have sounded accross Europe. On Monday,
"Jean-Claude Trichet, European Central Bank president, who fought his own battles against political interference as head of the Banque de France in the 1990s, argued that the principle of central bank independence was of extreme importance. The ECB las week said Poland's proposed bank supervision law, stripping the central bank of many of its powers, threatened Poland's chances of joining the eurozone".
# posted by Agustin @ 4:01 AM 
