Eurosystem central bank staff cuts gather pace

The number of central bankers in the eurosystem stands at 49,559, a fall of 5.3% or 7,237 staff since one year ago, and 11.9% lower than when the euro was launched in 1999, reveals the 2006 edition of Central Banking Publications' Central Bank Directory.

This still leaves the eurosystem with 16.1 staff per 100,000 population, nearly three times the global average of 5.5. There are estimated to be 344,459 central bankers worldwide.

Within the eurosystem, rationalisation is finally showing result