France rejects unilateral bonus cap

Article reports that France will not impose unilaterally an overall ceiling on bankers’ bonuses after it narrowed differences with other countries over pay at a meeting of Group of 20 finance ministers in London, 4-5 September 2009.

ESO: Background information: EU leaders unite against bank bonuses http://www.europeansources.info/record/eu-leaders-unite-against-bank-bonuses/

ESO: Background information: Paris presses G20 heads on bank bonuses http://www.europeansources.info/record/paris-presses-g20-heads-on-bank-bonuses/

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