The German city of Frankfurt is continental Europe’s largest financial center and host to the country’s Stock Exchange, countless other financial institutions, and the headquarters of the European Central Bank (ECB) which is responsible for administering the monetary policy of the 18-nation Eurozone. The place is awash with money, as demonstrated by the plush new ECB office building which is costing a fortune. The original price of the bank’s enormous palace was supposed to be 500 million euros, about 550 million dollars, but the bill has now been admitted as €1.3 billion (£930 m; $1.4 bn). This absurdly over-expensive fiasco …read more
Source: Ron Paul Institute