Slovak ECB governing council member convicted of bribery

The Slovak central bank governor, Peter Kažimír and member of the European Central Bank’s Governing Council, you know the body that decides monetary policy for 20 eurozone countries, has just been convicted of bribery.  Yes, he has been convicted and fined €200,000 and with a warning that if he doesn’t pay, he’s looking at a…

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The Slovak central bank governor, Peter Kažimír and member of the European Central Bank’s Governing Council, you know the body that decides monetary policy for 20 eurozone countries, has just been convicted of bribery. 

Yes, he has been convicted and fined €200,000 and with a warning that if he doesn’t pay, he’s looking at a year behind bars. But how did we get here and what does this mean for the ECB?

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