Claeys, Gregory, (2019),”The evolution of the ECB governing council’s decision-making“, Bruegel.org, June
Given the peculiar multi-country nature of the Eurosystem, taking monetary policy decisions by unanimity, or at least by consensus, was considered a priority by the founder members of the governing council of the ECB to ensure that the new central bank would be seen as speaking with one ‘supra-national’ voice. That is why ECB President Duisenberg declared in July 2002 that “the Governing Council’s decisions are decisions by a collegiate body and that every individual member of that body will defend and describe the outcome of certain discussions as if he had been 100% enthusiastic about those decisions. They will be supported by the entire Governing Council.”
Σχετικές Αναρτήσεις
- Gilbert, Mark, (2019), “How to Build a European Banking Champion“, Bloomberg Opinion, June
- Machiarelli, Corrado (2019), «Is politics becoming one of the ECB’s biggest problems?», Blogs.lse, June
- Lucrezia Reichlin, (2019), «The ECB’s Changing of the Guard», Project Syndicate, 27 May