Duisenberg reveals political interference

European Central Bank ex-President Wim Duisenberg disclosed for the first time recently that German Chancellor Gerhard Schroeder, French President Jacques Chirac and Italian Prime Minister Silvio Berlusconi have all tried to influence the ECB's monetary policy in the past.

Speaking to a group of bankers, Duisenberg -- who served as ECB president between 1998-2003, said Germany's former finance minister Oscar Lafontaine had also tried to influence the ECB's monetary policy. "La Fontaine, Schroe

To continue reading...