[ Director: Mário Frota [ Coordenador Editorial: José Carlos Fernandes Pereira [ Fundado em 30-11-1999 [ Edição III [ Ano X

quarta-feira, 22 de novembro de 2017

EU auditors insist on full probe into ECB’s role in Greek bailouts

“There is simultaneously a political and legal issue,” sources commented.
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ECA told EURACTIV.com that EU auditors were mandated to audit the operational efficiency of the management of the ECB, in line with the Treaty on the Functioning of the European Union and the Statute of the European System of Central Banks (ESCB) and the ECB.

“We are currently examining further options for access to documents necessary to carry out our audit work,” the auditors said.

On 16 November, ECA published a report assessing the effectiveness and results of the Greek bailouts. But the ECB refused to provide access to some requested information, citing banking confidentiality. The auditors were therefore unable to report on the ECB’s role in the Greek programmes.

In their report, EU auditors said that the ECB had questioned the Court’s mandate in this respect and the documentation provided by the Bank was insufficient.
 
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