Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-13-Speech-4-080"
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"en.20030313.3.4-080"2
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".
The enlargement of the EU will make decision-making by the ECB more difficult, not only because there will be more members of the Governing Council with voting rights, but also because there will be less homogeneity of points of view. It is, therefore, understandable that the ECB should have proposed an amendment to its Statute that streamlines its decision-making process. I do feel, however, that the solution that has been reached – that of rotating voting rights in line with each State’s GDP – is not acceptable. First of all, because it eliminates the principle currently in force, which is ‘one State, one vote’. Secondly, because it makes it more difficult for the public to understand how the EU’s monetary policy is defined. I therefore feel that in the context of the necessary reform of the ECB’s decision-making system, a dual majority system must be created in which:
1. Each member of the Governing Council always has the right to vote;
2. Proposals that achieve a simple majority of votes of the national governors are adopted, provided that this majority represents at least 62% of the population. Reform of the ECB’s voting system must only be implemented, however, at the next Intergovernmental Conference, which is scheduled for 2004."@en1
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