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But there is another option then sacking the board. The Governing Council could issue new instructions and see what happens. To do that 50 % +1 of the vote is needed to replace CB managers in six to twelve member states, since the six members of the executive board also are members of the Governing Council.

Starting that and preparing for a withdrawal can be done at the same time, since grabbing control over the central bank is important in both cases.

And as usual I suggest firing the CB boss for taking part in a conspiracy to subvert the EU treaties, which probably constitutes treason under national law. Let the CB boss appeal that to the Court.

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by A swedish kind of death on Fri Aug 31st, 2012 at 12:51:28 PM EST
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