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7/31/12

ECB's Draghi interrogated by EU ombudsman

Eurozone central banker Mario Draghi has been asked to justify his membership of an elite international financial forum by the EU after transparency campaigners claimed a conflict of interest, the bloc's watchdog said Tuesday.

European Central Bank president Draghi, at the center of the debt storm stalking the recession-hit single currency for the last three years, stands accused of breaching European Union statutes governing "impartiality, independence and objectivity".

The complaint argues that the ECB chief's place in the "Group of 30", which describes itself on its website as a "nonprofit, international body" gathering figures from private and public sectors and academia, "is incompatible with the independence, reputation and integrity of the ECB".

Read more: ECB's Draghi dragged before EU ombudsman

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