Tuesday, 5 March 2013

A Clear Statement of Intent

From the BBC:
Chancellor George Osborne is in Brussels determined to renegotiate the European Parliament's proposals to curb bankers' bonuses.  But EU finance ministers in the Economic and Financial Affairs Council (Ecofin) are expected to approve last week's proposals.  They include limiting bonuses to 100% of a banker's annual salary, or to 200% if shareholders approve.  The City of London fears the rules will drive away talent and restrict growth.
I mean, just imagine what the British economy would be like right now without the bankers.

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