Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-13-Speech-4-078"
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"en.20030313.3.4-078"2
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".
Neither the European Central Bank’s proposal to reform the voting methods within the Governing Council nor the model proposed by the Friedrich report are satisfactory.
The ECB’s proposal would, in fact, allow the larger Member States to dictate monetary policy. The model proposed by the Friedrich report allows one vote per member within the Governing Council, thereby giving the impression that it respects equality between the Member States.
In fact, this is not the case since it will be the Executive Board of nine members that will take most decisions. Amendments Nos 3 and 4, tabled by Mr Huhne, certainly represent a significant improvement.
I nevertheless believe that the IGC must agree on a proposal that reflects a better balance between fairness and effectiveness."@en1
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