From the ECB’s point of view, the recent proposal to introduce into the Constitution an extended enabling clause which would allow the European Council to amend, by unanimity, important parts of the Statute of the ESCB and of the ECB is certainly not welcome.
In a letter which I sent to the current President of the Council, Mr Frattini, last week, I stressed that the ECB is seriously concerned about this proposal. Such an expansion of the simplified amendment procedure would imply a far-reaching change to the current constitution of the ESCB, which the ECB could not support. 3.