ECB prepare staff for crisis management

PRLog (Press Release) - Aug. 21, 2012 - The European Central Bank has confirmed media reports on the recruitment of additional staff. The ECB said there would be 40 new employees to cope with an increasing workload stemming from the euro area debt crisis.
An ECB spokesman on Tuesday confirmed a report in the German daily Die Welt that the ECB staff would be expanded.
The Frankfurt-based bank said the new staff would to a large extent be used to strengthen the analysis department in charge of compiling reliable data on the state of the eurozone's national economies.
The recruitment initiative comes on the back of earlier comments by ECB President Mario Draghi who had acknowledged that the tasks facing the staff had multiplied greatly as a result of the euro crisis and become more difficult and "psychologically demanding."

ECB president Mario Draghi already acknowledged back in July that the tasks facing the central bank staff had multiplied greatly as a result of the euro crisis and become "more difficult and psychologically demanding."