If the Current Number of Participating Countries in the Euro

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The Answer is The Governing Council is made up of the Executive Board and the Governor of the NCB of each participating country. If there are nineteen participating countries and four are large, this leaves at fifteen members of the Council from small countries. And that isn't all, as half of the six Executive Board members are typically from small countries. The consequence of this is a bias toward the smaller countries since the median country would tend to be fairly small. Fortunately the experience so far has shown that the Governing Council has done its job of representing the euro area and has not shown a bias to smaller countries.

If the Current Number of Participating Countries in the Euro

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