A funny way to manage Europe's money

ARTICLE - This article looks at the potential for enlargement of the eurozone and its impact on the ECB's governing council. The author sees problems ahead saying that today's 18 member council is already too large and proposals for rotational voting will mean the composition of the interest rate setting team will keep changing.

First published in the UK edition of the Financial Times on 31 January. The writer, Francesco Giavazzi, is professor of economics at Bocconi University and a fellow of

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