After the EIB, the European Stability Mechanism, the permanent bailout fund of the Eurozone, has taken its turn to come under the scrutiny of the NGO Transparency International. On Monday 6 March, the NGO expressed concern at the lack of transparency and democratic accountability of this inter-governmental institution, which many are calling eventually to be converted into a proper European Monetary Fund.
The presentation of the Transparency International report coincided with the...