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Europe Daily Bulletin No. 9809

23 December 2008
GENERAL NEWS / (eu) eu/ecb
ECB adjusts voting regime at governing council

Brussels, 22/12/2008 (Agence Europe) - On Thursday 18 December, the European Central Bank decided to postpone implementation of the rotation system at the governing council, which was supposed to be set up once the Euro-zone had more than 15 members (1 January next). The ECB will only introduce the rotation system when the number of governors and presidents of the Euro area national central banks exceeds 18. This decision is based on Article 10.2 of the Statute of the European System of...

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