A spring-cleaning for the Eurosystem

The Eurosystem, comprising the European Central Bank and the national central banks of the euro area, is adapting its structure and procedures to changing circumstances, notably the prospective enlargement of the European Union and subsequent enlargement of the euro area. This article provides an update and overview of three aspects of this multifaceted process - the branch structure and staffing levels, the proposals to move to a voting system based on rotation of votes in the ECB governing cou