Summary of new Constitution article

The European Commission has proposed to the Italian Presidency that the scope of Article 10.6 of the Statute of the European System of Central Bank be widened by introducing a new article III-79(9) into the Constitution. This paper from Mr. Trichet, the President of the European Central Bank, to Mr. Frattini, the President of the European Council, expresses the concern of the Governing Council of the ECB about this proposal. The proposal would significantly expand the scope of the current sim...