ECB rejects EU proposals re executive board

The European Central Bank has angrily rejected proposals from the Italian EU Presidency that could make it easier for governments to appoint members of the ECB's executive board. "The governing council of the ECB is seriously concerned about this proposal," Jean-Claude Trichet wrote in an open letter to the president of the Council of the European Union, Franco Frattini.

Source: Biz World

The European Central Bank is "seriously concerned" by a proposal to introduce a new article into the draft

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