Research suggests Sarkozy's ECB ire unjustified

Though it is unlikely to placate Nicolas Sarkozy, France's president, new research has found the European Central Bank (ECB) is more transparent than the national central banks of the eurozone members were before the introduction of the euro.

Sarkozy last week called on the central bank to become more transparent by publishing the minutes of its rate-setting meeting and declaring how each member of its 21-strong governing council voted.

However, research by Christopher Crowe, an economist at