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Europe does what the USA won’t do: Caps the salaries of bankers!

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Der Speigel reports that In a bid to address widespread public outrage over greed in the financial sector, European officials have agreed to legislation capping bankers' bonuses at a maximum of a year's salary. Great Britain fought to prevent the measure, but failed to rally enough support. Starting in 2014, banks in the European Union must limit bonus payments for their employees. After some 10 months of tough negotiations, top

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