ECB's Cœuré says European institutions must be more accountable

European Union flags

Benoît Cœuré, a member of the executive board of the Eropean Central Bank (ECB), on Saturday voiced concerns over the level of democratic accountability that European institutions are subject to, given "the degree of European intrusion into national economic and fiscal policies" during the financial crisis.

This intrusion, he said, has had "redistributional consequences", which makes democratic accountability more important. One way of achieving greater accountability would be through "stronger

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