Nowotny: More Power for Big Countries

CommentOpinion ♦ Published: November 7, 2012; 22:03 ♦ (Vindobona)

The governor of Austrian National Bank OeNB Ewald Nowotny proposes to amend the voting rights at ECB.

Nowotny: More Power for Big Countries / Picture: © Wikipedia / Christian Wirth (Wirthi)

According to Nowotny, the voting rights should shift to big countries. Until now, every country has the same voting power. “This was a political decision. Changing the situation is no taboo.” For Nowotny, it is comprehensible that the current situation is rather problematic. Nowotny thinks that the public support for the ECB in Germany could increase.

In Germany, Nowotny´s…

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