ECB’s Lagarde Says Veto Power Holds ‘Vulnerable’ EU Hostage

European Central Bank President Christine Lagarde renewed her call to revamp the way decisions are taking within the European Union, pushing for majority voting to improve how the bloc functions.

“Even when we can agree on what must be done, our governance often prevents us from doing it decisively enough,” Lagarde said Wednesday in Florence, Italy. “It has become too slow, too complex and too much of a hostage to individual member-states wielding vetoes.”