• SuddenDownpour@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    3
    ·
    4 months ago

    The Central European Bank is governed by the EU. During their debt restructuring negotiations from around a decade ago, Greece’s government negotiated with the other EU governments, not with private banks.

    • crispy_kilt@feddit.de
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      4 months ago

      On paper yes. In reality it’s governed by the largest banks. Which also have undue influence over national governments.