Article 108 of the Treaty establishing the European Community states that: “ neither the 1/5  BIS central bankers' speeches  ECB, nor a national central bank … shall seek or take instructions from Community institutions or bodies, from any government of a Member State or from any other body”.
Looking at the debate around independence, which is also taking place outside the EU, it becomes clear that safeguarding our independence requires more than a series of legal provisions. It requires an explanation of why independence is important for a central bank. As guardians of price stability in the euro area, the ECB creates the foundation for a healthy and stable European economy.