Dynamic rotation models and representativeness  In order to allay fears that decisions in the Governing Council might be taken by a majority not necessarily representative of the euro area's economy, discussions turned to a system of dynamic rotation models, whereby governors are allocated to different groups with varying voting rights on basis of a to be defined economic criterion.
Instead, we could promote financial inclusion more efficiently by, for example, encouraging widespread use of low-cost commercial bank accounts through the Cities for Financial Empowerment Bank On project.11 Could it be that a CBDC is needed because existing payment services are unreasonably expensive?