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    EU acts to cap bankers' bonuses

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    euronews (in English)

    by euronews (in English)

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    In a world first, the European Union has agreed to cap extravagant bankers' bonuses from 2014. The provisional deal means that bonuses will be capped at a year's salary, unless a majority of shareholders vote to up it to two years. It would also apply to bankers employed by an EU-based institution living outside the union.
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    http://www.euronews.net/