Lithuania's Gain Is Germany's Loss at the ECB

The transcript discusses the significant changes in the Eurozone following Lithuania's entry into the European Central Bank (ECB). This inclusion shifts the power balance, as Lithuania's Central Bank becomes a member of the ECB, leading to a new rotation system for voting rights. The five largest economies must now share four seats, while the remaining countries divide the rest. The transcript also highlights specific voting scenarios in 2015, where Lithuania and Germany's voting rights are affected.

How does Lithuania's membership affect the power balance within the eurozone?

What significant change occurred with Lithuania's Central Bank joining the ECB?

What is the rotation system triggered by Lithuania's arrival in the ECB?

Which countries are affected by the new seat distribution in the ECB governing Council?

What voting rights will Lithuania have in the upcoming ECB decisions?