The European Central Bank (ECB) was built in Phase Two Economic and Monetary Union (EMU) in 1998. This institution performs tasks in line with its primary objective to maintain price stability, the rules of the EC Treaty and the Statute of the European System of Central Banks (ESCB). The ECB has...

Various authors have questioned the legal framework of the European System of Central Banks and of the European Central Bank (ECB), which undoubtedly concentrates on ensuring the independence of the system, rather than introducing a democratically accountable monetary policy authority. Rather...