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Story summary
- Frankfurt will acquire the Deutsche Bundesbank's headquarters to establish a European School, addressing a rise in student numbers.
- ECB President Christine Lagarde welcomed the decision.
- The Bundesbank's move, prompted by renovation overruns, will allow a swift transition to a new site.
- The federal government will finance the new building.
- The school could open in four to six years and serve over 2,200 students by 2032.
