Lagarde Says EU Must Embrace Majority Voting Over Veto Power

European Central Bank President Christine Lagarde called for an overhaul of how European Union decisions are taken, proposing that majority voting should be embraced to make the bloc more competitive.

“As we scale up our economy, we need to scale up our decision-making to match it,” she said Wednesday. “To stand our ground, we need to be able to act as a single entity across several key areas. And that means we need to structurally change how we make decisions.”