ECB formally agrees change to vote system

The Governing Council of the European Central Bank (ECB) has formally agreed to change its voting system after new member-states join the euro zone.

The reform, which must be approved by EU finance ministers and the European Parliament, would introduce a rotation system once the number of euro zone countries exceeds 15. Under the changes, Ireland would vote at fewer than half of the meetings at which decisions are made on interest rates.

'The ECB recommendation provides for an adjustment of the