In this Essay, written for the Fifty Years of European Union (“EU”) Law Conference organized by Fordham Law School, I intend to sketch the independent position of the European Central Bank (“ECB”) in the context of economic policy making within the European Union. I will briefly describe the law and the practice in respect of independence and economic-policy making, both the internal (domestic policies) and the external aspects (international policies). The law is stated as of February 25, 2008.
Professor Dr. René Smits,
The European Central Bank's Independence and Its Relations with Economic Policy Makers,
31 Fordham Int'l L.J. 1614
Available at: http://ir.lawnet.fordham.edu/ilj/vol31/iss6/3