At first sight, parliamentary participation in Economic and Security governance within the European Union (EU) do not appear to have much in common. In particular, in the economic and monetary area many competences have been transferred to the EU level or, at least, the EU coordinates Member States policy, By contrast, the security area is...
Tag: <span>Diane Fromage</span>
The ECB’s accountability to national and European parliaments today
The European Central Bank is a strictly independent institution. Nevertheless, this does not mean that it may not be held accountable for its actions; rather, it implies that it is submitted to an accountability of a special kind that does not entail (strong) consequences. With the creation of the Banking Union, accountability mechanisms vis-à-vis national...