Philip Lane calls for more Irish workers in ECB ahead of retirement wave

ECB chief economist warned the government that a significant portion of the regulator’s Irish workforce would be facing retirement in a decade

Philip Lane, the Irish chief economist with the European Central Bank, warned of forthcoming wave of Irish retirements at the bank. Picture: Fergal Phillips

Philip Lane has warned the government of a looming exodus of Irish workers in the European Central Bank (ECB), with a wave of retirements set to seriously deplete the volume of Irish staff over the next 10 years.

It comes as Neale Richmond, the minister of state with responsibility for financial services, met with the ECB chief economist this week, and has committed to enticing more Irish people to work at the European regulator.

Richmond ...