Thursday 28 February 2013

Bankers’ bonuses: Liberals 1 Tories 0

The EU proposal to cap bankers’ bonuses has received predictable opposition from David Cameron and Boris Johnson.

The willingness of the Tories to continue to defend the selfish interests of the bankers who caused the global financial crisis seems to know no bounds.

So it is good to hear Sharon Bowles, Liberal Democrat MEP and chair of the European Parliament’s most powerful committee, the Economic and Monetary Affairs Committee, strike the right note:
“Overall, this is a major achievement for [the European] Parliament, in curbing the culture of quick profit and irresponsible lending that has played such a pernicious role in fuelling Europe's banking crisis.”
Meanwhile, if the Tories are right, and a few irresponsible and overpaid arseholes flee to Singapore or Zurich, good riddance.

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