EU Parliament rejects ECB vote proposal

In a non-binding vote, the European Parliament rejected the ECB's proposal and backed an alternative proposal by MEP Ingo Friedrich for the retention of existing voting rights for all governors and the continuation of decisions by the Governing Board to be taken by a simple majority.

Source: Reuters

The European Parliament has rejected plans by the European Central Bank (ECB) to rotate member's allocation of places on the bank's governing council.

The move, designed to deal with the entrance of

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