News Headline Summary

Forex live writes 'looks like the Bundesbank will lose its permanent vote on the ECB'

Says:
- The current voting arrangement at the European Central Bank could change if Lithuania joins the Euro next year as the ECB’s “rotation system” will be triggered if the Euro zone adds one more member.

- When the number of euro-zone countries hits 19, the five largest economies in the bloc which are Germany, France, Italy, Spain and the Netherlands will be pooled together and will have a total of four votes between them, on a rotating basis.

Full article: http://www.forexlive.com/blog/2014/02/26/euro-bundesbank-lose-its-permanent-vote-on-the-ecb-26-february-2014/

26 Feb 2014 - 03:46 - - Source: ForexLive

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