ECB voting change could hinder UK euro entry

The UK's treasury select committee said Monday April 28 in a report that the ECB's proposed change in voting arrangements could pose an "obstacle to entry" for Britain and the euro.

Source: Financial Times

The European Central Bank's plans for setting interest rates could prove an "obstacle" to Britain joining the euro, a Commons inquiry has concluded.

Its reform of the voting process in an enlarged eurozone would mean Britain having a say in the setting of interest rates only 80 per cent of the