Bloomberg News

Draghi’s G-30 Membership Examined by EU Ombudsman, Spiegel Says

July 30, 2012

European Central Bank President Mario Draghi’s membership in the Group of 30 is being examined by the European Union ombudsman, Spiegel Online reported.

Nikiforos Diamandouros sent a questionaire to the ECB, asking the Frankfurt-based institution to assess by Oct. 31 Draghi’s role in the consultative group and whether it sees a conflict of interest in his membership, according to the online edition of the weekly news magazine. The query follows a complaint filed by the Corporate Europe Observatory association, Spiegel Online said.

The Group of 30 is a private, nonprofit organization of bankers and economists, whose members include former ECB President Jean-Claude Trichet, former Federal Reserve Chairman Paul Volcker and JPMorgan Chase International Chairman Jacob Frenkel. An ECB spokeswoman confirmed to Bloomberg News that it received the questionaire.

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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