The European Central Bank, the most significant European financial institution - chaired by Christine Lagarde - employs 5,156 people, with 59% on permanent contracts and 46.4% of them women. The majority of employees are German, accounting for nearly a quarter. Clearly, the fact that the ECB's official headquarters are located in Frankfurt, Germany, is a significant factor. However, the Central Bank is an impartial institution, and it is. Nevertheless, a quarter of its employees are from the same country, which is also the most economically significant in the eurozone. After German employees, who account for exactly 24.5% of the total of 5,156, the second most represented country is Italy, with 18.8% of the total, more than doubling Spain's 8.9% and France's 7.7%. Greece has 5.3% civil servants, more civil servants than Portugal, Romania and Ireland. Surprisingly, 3.4% of the ECB's employees are citizens of the United Kingdom, which has never adopted the euro and has been outside the European Union since January 31, 2020. Employees of the ECB do not receive a low salary. The lowest monthly salary is €3,386.01, while those at the top of the salary pyramid earn a net monthly salary of €15,734.24, which is a basic salary because, when benefits and allowances are factored in, a top ECB executive can earn a net monthly salary of €19,210.66.
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