New EU treaty paves way for ECB voting change

The European Union's Nice treaty calls for a review of how votes are taken on the ECB's governing council, but does not provide for amending its composition, a draft text obtained by journalists on Wednesday said.

According to the text, the new treaty will contain an enabling clause allowing EU leaders to change the voting rights of European Central Bank council members and will call for a proposal "in this sense" to be made "as soon as possible".

But the text contains no clause enabling leader