The media as well as the public overwhelmingly came out in support of the Bank. BIS Review 101/2006  3  The success of the Bank deutscher Länder in its conflict with Adenauer over interest-rate policy in 1956 was of great importance in reinforcing the de facto independence of the German central bank.
2.3  Central bank independence and accountability  The extensive independence granted to the ESCB means that the central banks in the euro area are not even indirectly subject to electoral accountability. Some people might ask how this can be reconciled with the principle of accountability, which is a constitutive element of every democracy.