EU's Solbes: ECB reform proposals not ideal

The European Central Bank's proposals to change the voting system for its governing council have not been received warmly. The Economic and Monetary Affairs Commissioner Pedro Solbes has described the proposals as "not the ideal solution".

This came a few days after the President of the ECB himself, Wim Duisenberg, admitted that he still had to meet anyone who is "unconditionally happy" with them.

Rotation of voting rights

According to the proposed plans, a ceiling of 21 representatives would be

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