Eurosystem continues to shed staff

The number of central bankers in the 16 national central banks that now make up the Eurosystem stands at 46,123, a fall of 17.9% since 2003, reveals the 2009 edition of Central Banking Publications' Central Bank Directory.

Within the Eurosystem, the national central banks of France and Germany remain the most heavily staffed with 22,987 employees between them. Nevertheless, staff levels in the Bundesbank and the Banque de France have been reduced by 7,669 since 2003 (more than 25%) with the

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