this post was submitted on 22 Jun 2024
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Europe

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[โ€“] SuddenDownpour@sh.itjust.works 3 points 4 months ago (1 children)

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.

[โ€“] crispy_kilt@feddit.de 1 points 4 months ago* (last edited 4 months ago)

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