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EU presidency's Steinbrueck reiterates ECB is an 'independent organ'


Published : Mon, 07 May 2007 13:23
By : Agencies
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BRUSSELS (Thomson Financial) - German Finance Minister Peer Steinbrueck, whose country holds the EU presidency, reiterated that the European Central Bank is 'an independent organ'.

Asked about French president-elect Nicolas Sarkozy's criticisms of the bank's monetary policy, he said: 'I'm not an expert on French internal politics', but added: 'I don't think we should put restrictions on the ECB; it's an independent organ.'

Steinbrueck was speaking to reporters as he entered the monthly meeting of euro zone finance ministers, which he will chair, as its permanent president, Jean-Claude Juncker, is ill.

victoria.main@thomson.com

vm/cmr

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