EU Lawmakers Seek Greek Swap Details After ECB Bars Files

Lawmakers in Italy and Germany are urging their governments to demand greater transparency from the European Central Bank after a court upheld its decision to keep documents secret that show what the central bank knew about Greece’s finances before its bailout.

“Technocracies and kleptocracies cannot prevail over politics and democracy,” Senator Elio Lannutti, a member of the Italian Values party, said in a phone interview today. “The ECB is impermeable to transparency.”