ECB Piles Up Paper as Euro Crisis Fight Comes Before Environment
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As the European Central Bank battled to save the euro-area economy last year, Mother Nature paid part of the cost.
The Frankfurt-based ECB missed self-imposed targets for lower paper and energy use and shrinking its carbon footprint, according to its environmental statement published today. The reason? The soaring number of employees called in to deal with the effects of the sovereign debt crisis and preparations to start overseeing the region’s banks.