The expected enlargement of the EMU stimulated the discussions on the need for reforming the decision-making process at the ECB. In late December 2002 the longawaited ECB recommendation on the reform was revealed. This article discusses some features of the proposal and evaluates it from the perspective of current and prospective EMU member countries. It argues that a Union-wide perspective is best for assessing any changes in the EMU monetary policy making. The ECB recommendation seems to represent not an ideal but a realistic and workable solution and is thus worth supporting.
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