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European Central Bank

Acronym
ECB
Entity Type
Central Bank
Location
Europe

The European Central Bank (ECB) is the Central Bank of the European Union

  • Is more similar to the German Reichbank than German Bundersbank
  • Is not accountable to anyone: It is independent from government, independent from any parliament democratic assembly in Europe
    • beacuse of this, some say that it is the most powerful central bank in the world

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