ECB agrees three-speed voting model

The ECB has addressed the problem of how votes will be allocated in an enlarged euro-zone. Their choice of model has been described as the "least worst" option and will limit the number of voting members to 21.

The European Central Bank has agreed on a "three speed" model for voting rights in its rate-setting governing council once the eurozone includes new members from eastern and central Europe.

The central bank's proposed reform, finalised last week, will cap the number of voting members at