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Problems Building for ECB Skyscraper
More than a decade in the making, over budget by up to €350 million ($480.8 million) and already too small–these are the problems the European Central Bank is facing now with its brand new skyscraper. The central bank is prepping itself to take over supervision for all euro-zone banks in November next year. Around the same time, its new 185 meter tall headquarters is slated to be finished. It will cost upward of €1.15 billion of public money, bumped up from an earlier estimate of €850 million thanks to rising construction costs and other challenges the ECB acknowledged in 2012. But all that time and money ... (full story)
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..