Draghi prepares to slim down

What do historic town halls, Catholic churches with spectacular façades and local branches of the Bank of Italy have in common? All three are iconic buildings that typically dominate the piazza - the heart of local politics, religion and finance - in many an Italian town. That a building of the central bank holds such a central position in Italian life may surprise many, but the Bank of Italy has branches in some 95 provincial capitals, which employ 3,509 of its 7,400 staff. The ubiquity of the

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