THE EUROPEAN Central Bank, which has resisted granting EU anti-fraud unit OLAF complete rights to investigate its dealings, has given itself a clear bill of health regarding fraud. The whiter-than-white assessment, (to quote former European Commission president Jacques Santer), came from the bank's own anti-fraud committee. In its report covering January 2001 to February 2002, the committee said that there had been "no issue detected concerning fraud or other illegal activities detrimental to the financial interests of the ECB." And it also ...

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