Tag: transparency

EU Ombudsman: citizens have the right to know

EU Ombudsman: citizens have the right to know

Following an 11-month inquiry, European Ombudsman, Emily O’Reilly, issued on 13 February a recommendation relating to the transparency of the Council legislative process. As Mrs O’Reilly puts it: “EU citizens have a treaty-based right to participate in the democratic life of the Union. Citizens cannot properly exercise this right unless the EU legislative process is sufficiently open to allow citizens to

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Central Banks in the Dock

Central Banks in the Dock

On November 11, 1997, the Bank of England took a big step toward independence, courtesy of the second reading in the House of Commons of a bill amending the Bank Act of 1946. The bill gave legislative affirmation to the decision, taken by then-Chancellor of the Exchequer Gordon Brown, to free central bank operations from governmental control. This was a

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