In the speech 'The reform of the Governing Council of the ECB' Yves Mersch of the Central Bank of Luxembourg said particularly important and heartening, in his eyes, after the Council's approval of the enabling clause was the fact that a handful of guiding principles which the ECB considered of particular relevance were respected such as 'one member, one vote', ad personam participation, representativeness and transparency.

To read past central bank speeches use our Speech Finder. Click the link