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Is Europe over (central)banked? 

Summary:
Christine Lagarde, one among 48,500.  © PATRICK SEEGER/EPA-EFE/Shutterstock The Economist has a little article in this week’s edition querying the vast staff counts employed at Europe’s central banks – that’s the European Central Bank as well as the national central banks of the nation states that use the single currency. Via its website: Many national central banks in the euro area have shed staff in the two decades since they ceded many of their responsibilities to the ECB. Yet they still look flabby: the central banks of Germany, France and Italy have many more employees than the Bank of England, whose duties have grown over the same period.The size of some of the national central banks, more than 21 years on from the euro’s introduction, is staggering. Here are the figures, put

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