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ECB to create 2,000 new jobs in Frankfurt
Published: 6 Feb 13 11:55 CET | Print version
Online: http://www.thelocal.de/money/20130206-47799.html
The Frankfurt-based European Central Bank (ECB) is set to create 2,000 new jobs in the very near future as its role expands to include supervision of the EU's biggest banks, it was reported on Wednesday.
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To properly fill the gaps, exactly 1,997 more brains would be needed, according to a recent study commissioned by ECB President Mario Draghi.
And as ECB's new power kicks in next month, these new employees should be found fast in order to have everything up and running properly, advised the report.
But as the European Parliament is still discussing how to structure the bank in the future, this figure could still change. Generally though, each of the 200 banks there should be assigned a team of eight to ten people.
EU finance ministers decided on the new role last December, agreeing that Frankfurt should supervise any EU bank whose balance sheet comes to more than €30 billion.
The Local/jcw
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Your comments about this article:
Yes you stupit muppet. Try to look beyond the wood and see the trees. Where do you think Germany is getting money. Cheap currency without devaling which supports DE exports. This equates to money flowing into Germany at the expense of other EU economies.
By the way, Germany work hard is a myth. Germans like to get others to work hard for them.
You the man.
@smartguy, and his dual personality @berlin, are the resident numbnuts. I suggested to them long ago to give social issues a try because it is clear to everyone but themselves economics is no comprende.
I always knew the saying as :
"Can't see the wood for the trees" which is a English idiom .
The American English version is:
"Can't see the forest for the trees."
But the English has a double meaning which the American English does not as trees are made of wood not forests.