A German MP has said it is “a serious mistake” that Malta and Cyprus have the same voting power as Germany on the council of the Europ-ean Central Bank.

Frank Schaeffler, a Free Democrat dissenter in Chancellor Angela Merkel’s centre-right coalition, passed the remark as he was making a case for a reform of the council’s voting system.

“We need a reform of the voting system in the ECB Council. That Cyprus and Malta have as many votes as Germany is a serious mistake,” he said.

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