ECB stung by supreme court decision

The European Court of Justice has given the ECB a legal bloody nose in a case concerning how to combat fraud. In this weeks Special Feature CentralBankNet analyses the implications of the ECB's courtroom defeat.

In a little reported case last week, the European Central Bank (ECB) has been ordered by Europe's supreme court, the Court of Justice, to submit to investigation by external fraudbusters, and to dismantle its internal anti-fraud system. On top of this humiliation, some argue that the

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