Work by Giuseppe Penone is part of a €1.25m art project at bank’s controversial billion-euro Frankfurt headquarters

The European Central Bank has installed a towering bronze and granite tree sculpture outside the bank’s Frankfurt headquarters as part of a €1.25m (£920,000) art project.

The work by Italian artist Giuseppe Penone, instantly dubbed the magic money tree, is a slender trunk with a perfectly round ball of gilded leaves at its halfway point. Something that looks like a faded beach ball is lodged among the barren upper branches.

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Source: The Guardian Circular Economy RSS