The Future of the European Central Bank

The European Central Bank (ECB) is more important than ever to the European economy. Can governments control it?

This report explores the need to make the ECB more transparent and democratically accountable to prevent the next Eurozone crisis.

The ECB can justly claim to have held together a poorly-designed system in difficult circumstances, but its overlapping roles create potential conflicts of interest. What does this mean for the countries, companies, and banks that have grown to depend so much on the ECB?

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The Future of the European Central Bank

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The Future of the European Central Bank

About the Authors

John Ryan is a Visiting Fellow at LSE IDEAS at the London School of Economics and Political Science and is a Senior Partner at Brexit Partners which advises private and public sector organizations. He previously was a Fellow at St Edmund’s College, University of Cambridge, Centre for International Studies - London School of Economics and Political Science and the German Institute for International and Security Affairs, Berlin, Germany. John is a Brexit and Eurozone expert with policy experience in international, public, and private sectors.

Leo Hoffmann-Axthelm is the Research and Advocacy Coordinator on the euro at Transparency International EU (TI-EU), and in parallel works as EU-Representative of the International Campaign to Abolish Nuclear Weapons (ICAN), the 2017 Nobel Peace Prize recipient. Since 2015, he coordinates the programme on the transparency and democratic accountability of EU economic governance institutions at TI-EU. Prior to joining TI, Leo worked at the European Commission’s Joint Research Centre and in the Director-General’s team at the Commission’s DG Economic and Financial Affairs (ECFIN).