The European Union has dozens of agencies with offices all over the continent, but there is one that has an unusual problem: it has too much money.
On 31 December 2015, the Office for Harmonisation in the Internal Market (OHIM) held some €449.6 million in cash.
OHIM, based in Alicante in south-eastern Spain, takes care of EU-wide intellectual property issues. It is the office where businesses acquire EU trade marks.
“It's the only European agency that is self-sufficient, and...
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