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    Britain takes EU to court in banker bonus row

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    euronews (in English)

    by euronews (in English)

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    The British government has launched a legal challenge against EU plans to cap bankers' bonuses.
    Under EU law payouts to bankers will not exceed annual salaries, though they could be higher if shareholders agree.

    British Chancellor George Osborne believes Brussels has gone too far with reforms aimed at avoiding the 'casino banking' that contributed to the financial crisis.
    ...
    http://www.euronews.net/