I find this curious: if I am to bear political responsibility, I have to be able to shape the decisions. But that is not all: if the ECB Governing Council rejects a proposal from the Supervisory Board, and one country does not agree with this decision, then a third body comes into play – the mediation panel.
This mediation panel then decides by simple majority. But the panel’s decisions cannot be binding: under the relevant EU legislation the ECB Governing Council has to have the final say. Sounds like a complex construct that makes little sense. Why are things being done this way?