As the euro zone’s debt crisis worsens, the European Central Bank has been forced to push its workers far beyond their regular workload. Now, it has revealed its plans to increase its staff in order to prevent a burn-out.
The announcement comes shortly after the union’s staff survey which showed that bank employees have been working in constant overtime for as long as a few months.
ECB has already provided Greece, Portugal and Ireland with loans in an effort to curb their debts, while Cyprus has recently requested similar aid as well. The bank said it plans to hire 40 new people to help monitor and manage the bailout and their terms.
Mario Draghi, Bank President, admitted that the pressure on the staff has been intense. It’s “no surprise that they see themselves as overworked, and our assessment is exactly the same.”
Since 2009, ECB has faced challenges and tasks that are completely unfamiliar. As the bank’s responsibility grow more widespread, job implications change as well. Many positions demand travel to countries with counterpart from the IMF and the European Commission.
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