German govt confirms Bundesbank staff cut plan

The German government is considering plans to reduce the size of the Bundesbank's staff with cuts that go beyond a current round of planned reductions, the Finance Ministry said on Saturday 7 January.

Confirming a report in Der Spiegel magazine, the ministry said deputy Finance Minister Barbara Hendricks sent a letter to a member of parliament for the opposition Free Democrats saying further cuts at the central bank were being examined.

The magazine said that the central bank had eliminated 2

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