The Coming Crisis: Osborne rebuffed by rest of EU on bank bonuses..... And to think our Government Believes they stand a chance of Clawing Powers back from Brussels.

The Coming Crisis Welcome to Humanity's    ...Final Performance...

Osborne rebuffed by rest of EU on bank bonuses..... And to think our Government Believes they stand a chance of Clawing Powers back from Brussels. Mar 6th 2013, 04:39 George Osborne suffered a bruising defeat in Europe on Tuesday as the 26 other EU finance ministers imposed curbs on bankers' bonuses in an unprecedented move targeted at the UK financial services sector. Osborne had travelled to Brussels in a vain attempt to defeat proposals outlined last week to set a limit of a year's salary on bankers' bonuses, protecting the status of the City and Britain's biggest industry – financial services. "I cannot support the proposal on the table," he told the session. But his pleawas ignored and Britain was left isolated, with no other government opposing the move - which was also supported by the European Central Bank and the European Commission. http://www.guardian.co.uk/business/2013/mar/05/george-osborne-eu-bank-bonuses

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