And one of the reasons for this is that Europeans are over-represented in these fora, which reduces their legitimacy. Let me give you the example of the International Monetary Fund where EU countries are represented in ten different constituencies, out of 24. The euro area countries are spread over eight constituencies.
To support and safeguard the pursuit of price stability, the Treaty endowed the ECB with a high degree of institutional independence, and in order to ensure transparency and accountability, it imposed on the ECB extensive reporting requirements.