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ECB staff appeal against hiring of Draghi adviser

Published Sun, Apr 30, 2017 · 09:50 PM

Frankfurt

EUROPEAN Central Bank staff representatives are appealing against the appointment of a new policy adviser for president Mario Draghi, alleging that the ECB's board broke its own rules by handpicking Roland Straub for his new role.

The appeal alleges that the "perception of favouritism" at the powerful institution, which is in charge of supervising banks and controlling monetary policy in the euro zone, risked demoralising staff and fuelling euro-scepticism among the public.

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