ECB releases rotation schedule for voting governors

Eurosystem allots €82.6 billion to 255 banks in first targeted LTRO

ECB governing council

The governors of the Spanish, Irish and Greek central banks will have no say on eurozone monetary policy in January, the European Central Bank (ECB) unveiled today as it published details on the rotation system that will govern voting on the general council from 2015.

In a separate announcement, the ECB said it had allotted €82.6 billion ($106.7 billion) to 255 eurozone banks in the first of eight targeted longer-term refinancing operations (TLTROs) to be conducted until June 2016.

The voting

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