Spain, Estonia, Ireland and Greece do as the ECB announces the first draw on the new voting rotation for ECB monetary policy meetings.

The rotation will start in Jan when the ECB moves to 6 weekly meetings and although all governors will participate in them only 15 will be voting.

The rule was to come into place when the governing council exceeded 18 members, which it will do when Lithuania join the madhouse in Jan 1st.

In my view they should make it a big event like the world cup draw with a live feed to the Bundesbank to see their disappointment when then don’t get drawn

Update: Germany will sit out the May & October 2015 meetings as well as March & August 2016