The president of the Bank of Italy Ignazio Visco will not have the right to vote in the Governing Council of the ECB in the months of March and August next year and in that of January, June and November 2016. This was announced by the ECB, which today drew the rounds for the voting rights rotation system, which will come into effect on January 2015, XNUMX.
The first governors or presidents of the national central banks who will have to give up the right to vote will be those of Spain, Estonia, Ireland and Greece. The system was launched in response to Lithuania joining the Eurozone. For Germany, however, the suspension of the vote will start next year in May and October, and in March and August 2016.
