The ECB: EU's 'bad bank' (for its employees)
In the past few years, one institution has taken centre stage in the economic battle: the Frankfurt-based European Central Bank (ECB). A press review featuring Fabio De Masi
"In the past few years, one institution has taken centre stage in the economic battle: the Frankfurt-based European Central Bank (ECB).
But, as the institution took on more responsibility, another issue came to light: it does not have enough staff to fulfil its missions of financial stability and banking surveillance, and many employees are now close to burn-out. (...)
"The ECB is the most important financial institution in the euro area, what happens if employees have a burnout?", German MEP Fabio De Masi told EUobserver. (...)
Last year, ECB employees received an unexpected bit of support from the European Parliament.
Members of the economic affairs and social affairs committees organised a hearing with the ECB management and trade union.
There were only a few MEPs in the room, and the most vocal were German S&D Udo Bullmann and Jutta Steinruck, German EPP Thomas Mann, and German GUE Fabio De Masi – but they appeared very eager to keep following the issue. Bullmann, Mann and De Masi went to the ECB's headquarters."