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European Central Bank to propose new rules

After the Irish adoption of the Nice Treaty the European Central Bank, ECB is ready to propose reforms of the rules governing the running the bank. A spokesperson from the ECB confirmed to the Süddeutsche Zeitung that proposals for a new decision-making system inside the bank could be presented within weeks. With the Nice Treaty in force, a qualified majority in the EU Council can adopt changes in the statutes of the Bank.

The ECB is set to continue with the basic principle of one vote ...

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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