ECB paper on public sector procurement legislation

The ECB Working Paper "National central banks and Community public sector procurement legislation: a critical overview" finds that an examination of the Public Sector Procurement Directive reveals no substantive grounds on which to argue that NCBs should be exempt from the scope of application of Community public procurement legislation.

"Moreover, despite the obvious incompatibility of the 'close dependency' test with the principle of central bank independence, there is little on the basis of

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