This dialogue should take place in a co-operative atmosphere, respecting different responsibilities and restrictions, of which the independence of the ECB is the most important one. The EC Treaty already offers several routes for this dialogue. The President of the Ecofin Council is entitled to participate in the meetings of the Governing Council of the ECB.
Although he has no right to vote, he is allowed to submit motions for deliberation to the Governing Council. A second channel for this policy dialogue is the participation of the President of the ECB in the meetings of the Finance Ministers when the latter discuss issues of relevance to the ECB.