Tuesday, February 17, 2015

ECB voting rules: the absence of logic and of representative democracy

The following link is an article on ECB voting rules. I have read it a few times, and find the whole thing simply absurd, as demonstrated e.g. by the fact that the Netherlands has equal voting posts as Spain or Italy.

http://www.euractiv.com/sections/euro-finance/ecb-voting-rights-rotation-raises-fears-germany-302884

What is even more worrisome, is how certain people view the rules: when not convenient anymore, change them!

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