ECB proposal to reduce influence of small countries

Not all Eurozone countries should have a seat in the Governing Council of the European Central Bank when the Eurozone is enlarged. The proposal is made by the Govening Council itself. A body of 22 or more memebrs will be too unwieldy for efficient decision-making, according to Danish paper Politiken.

A Danish EU diplomat told Politiken that the proposal is a purely practical measure in order to prevent the Governing Council developing into a miniature parliament. "Even the large countri...