'Relations between the ECB and the national banks remain sensitive' from Le Monde (16 February 2002)
Text Article from the daily newspaper Le Monde on the organisation of the 'euro system'. The components of the system, the European Central Bank and the 12 national central banks, are seeking to strike a balance between the centralisation required to guarantee the efficiency of the system as a whole and sufficient decentralisation to maintain the powers and responsibilities of the national central banks.
Source and copyright
Source: Le Monde. dir. de publ. Colombani, Jean-Marie ; RRéd. Chef Plenel, Edwy. 16.02.2002, n° 17748. Paris: Société Editrice du Monde (SAS). ISSN 0395-2037. "Les relations entre la BCE et les banques nationales restent délicates", auteur:Ricard, Philippe , p. 22.
Copyright: (c) Translation CVCE.EU by UNI.LU
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