AIRLINK 184.37 Increased By ▲ 0.51 (0.28%)
BOP 12.12 Increased By ▲ 0.30 (2.54%)
CNERGY 7.46 Decreased By ▼ -0.06 (-0.8%)
FCCL 47.80 Increased By ▲ 1.42 (3.06%)
FFL 16.30 Increased By ▲ 0.15 (0.93%)
FLYNG 28.40 Increased By ▲ 0.62 (2.23%)
HUBC 139.35 Increased By ▲ 4.26 (3.15%)
HUMNL 13.19 Increased By ▲ 0.13 (1%)
KEL 4.63 Increased By ▲ 0.01 (0.22%)
KOSM 6.32 Increased By ▲ 0.12 (1.94%)
MLCF 60.30 Increased By ▲ 1.13 (1.91%)
OGDC 222.45 Decreased By ▼ -0.61 (-0.27%)
PACE 6.02 Increased By ▲ 0.23 (3.97%)
PAEL 45.59 Increased By ▲ 0.64 (1.42%)
PIAHCLA 18.02 Increased By ▲ 0.36 (2.04%)
PIBTL 10.75 Increased By ▲ 0.09 (0.84%)
POWER 11.82 Increased By ▲ 0.09 (0.77%)
PPL 187.40 Increased By ▲ 0.35 (0.19%)
PRL 36.35 Increased By ▲ 0.08 (0.22%)
PTC 24.60 Decreased By ▼ -0.17 (-0.69%)
SEARL 101.30 Increased By ▲ 0.35 (0.35%)
SILK 1.15 Decreased By ▼ -0.02 (-1.71%)
SSGC 36.60 Decreased By ▼ -0.36 (-0.97%)
SYM 15.75 Increased By ▲ 0.06 (0.38%)
TELE 8.01 Increased By ▲ 0.13 (1.65%)
TPLP 11.35 Increased By ▲ 0.52 (4.8%)
TRG 70.26 Increased By ▲ 3.64 (5.46%)
WAVESAPP 10.90 Increased By ▲ 0.08 (0.74%)
WTL 1.35 Increased By ▲ 0.02 (1.5%)
YOUW 3.77 Decreased By ▼ -0.04 (-1.05%)
AIRLINK 184.37 Increased By ▲ 0.51 (0.28%)
BOP 12.12 Increased By ▲ 0.30 (2.54%)
CNERGY 7.46 Decreased By ▼ -0.06 (-0.8%)
FCCL 47.80 Increased By ▲ 1.42 (3.06%)
FFL 16.30 Increased By ▲ 0.15 (0.93%)
FLYNG 28.40 Increased By ▲ 0.62 (2.23%)
HUBC 139.35 Increased By ▲ 4.26 (3.15%)
HUMNL 13.19 Increased By ▲ 0.13 (1%)
KEL 4.63 Increased By ▲ 0.01 (0.22%)
KOSM 6.32 Increased By ▲ 0.12 (1.94%)
MLCF 60.30 Increased By ▲ 1.13 (1.91%)
OGDC 222.45 Decreased By ▼ -0.61 (-0.27%)
PACE 6.02 Increased By ▲ 0.23 (3.97%)
PAEL 45.59 Increased By ▲ 0.64 (1.42%)
PIAHCLA 18.02 Increased By ▲ 0.36 (2.04%)
PIBTL 10.75 Increased By ▲ 0.09 (0.84%)
POWER 11.82 Increased By ▲ 0.09 (0.77%)
PPL 187.40 Increased By ▲ 0.35 (0.19%)
PRL 36.35 Increased By ▲ 0.08 (0.22%)
PTC 24.60 Decreased By ▼ -0.17 (-0.69%)
SEARL 101.30 Increased By ▲ 0.35 (0.35%)
SILK 1.15 Decreased By ▼ -0.02 (-1.71%)
SSGC 36.60 Decreased By ▼ -0.36 (-0.97%)
SYM 15.75 Increased By ▲ 0.06 (0.38%)
TELE 8.01 Increased By ▲ 0.13 (1.65%)
TPLP 11.35 Increased By ▲ 0.52 (4.8%)
TRG 70.26 Increased By ▲ 3.64 (5.46%)
WAVESAPP 10.90 Increased By ▲ 0.08 (0.74%)
WTL 1.35 Increased By ▲ 0.02 (1.5%)
YOUW 3.77 Decreased By ▼ -0.04 (-1.05%)
BR100 12,534 Increased By 76.1 (0.61%)
BR30 38,809 Increased By 502.8 (1.31%)
KSE100 117,641 Increased By 640.2 (0.55%)
KSE30 36,390 Increased By 255.5 (0.71%)

Mario-Draghi- 400BRUSSELS: Eurozone central banker Mario Draghi has been asked to justify his membership of an elite international financial forum by the EU after transparency campaigners claimed a conflict of interest, the bloc's watchdog said Tuesday.

European Central Bank president Draghi, at the centre of the debt storm stalking the recession-hit single currency for the last three years, stands accused of breaching European Union statutes governing "impartiality, independence and objectivity".

The complaint was brought by anti-lobbying NGO Corporate Europe Observatory and a probe was opened on July 24, the EU Ombudsman's office said on its website. The campaigners say Draghi should resign.

The complaint argues that the ECB chief's place in the "Group of 30", which describes itself on its website as a "nonprofit, international body" gathering figures from private and public sectors and academia, "is incompatible with the independence, reputation and integrity of the ECB".

"No investigation has been launched," Gundi Gadesman, spokeswoman for the ombudsman Nikiforos Diamantoros, told AFP on Tuesday, rejecting "dramatisation" two days before a crunch ECB meeting at which the central bank is under pressure to do more to help Spain.

"We have transmitted the complaint to the ECB," Gadesman said, adding that the ombudsman would offer "recommendations" after studying responses, but that these are "not binding".

"We do not have the power to impose sanctions," she underlined.

Group of 30 members are high-flying private and public bankers such as JPMorgan Chase International chairman Jacob Frenkel or former US Federal Reserve head Paul Volcker, and include Draghi's predecessor at the ECB, Jean-Claude Juncker.

Copyright AFP (Agence France-Presse), 2012

Comments

Comments are closed.