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UK outgunned in EU bankers’ bonus cap debate; Germany could come to the rescue

Tuesday, March 5th 2013 - 21:43 UTC
Full article 17 comments

Britain was left isolated in Europe on Tuesday after it failed to secure backing to water down new EU rules limiting bankers' bonuses, a measure that could threaten London's dominance as a financial centre. Read full article

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  • Ayayay

    It's moving to Singapore.

    Mar 05th, 2013 - 09:47 pm - Link - Report abuse 0
  • Stevie

    Licence to corruption. Enjoy your Financial Centre, the world is just not working for it anymore. Iraq gave the Financial Centres a respite. Afghanistan, Libya, Syria. Corea and Vietnam before that. Central America, South America. Whole of Africa all way through. Some day you'll run out of countries to bring your misery, and that will be the end to your Financial Centres. What else? Throw all cards and start shooting everybody? Surely we can share it all without the need of bloodshed.

    Mar 05th, 2013 - 09:55 pm - Link - Report abuse 0
  • reality check

    That's more like it. Your much better when you rant on about capatalism, your favourite topic.

    Mar 05th, 2013 - 09:59 pm - Link - Report abuse 0
  • Think

    I wonder…….

    If all the “Good Countries” get together against those Fat Cats……..

    Where will they move?

    Do they have boarding schools for bankers kids in Bujumbura?

    How many 3 Michelin stars restaurants are there in Anantanarivo?

    Any good Theater Companies in Ouagadougou?

    Mar 05th, 2013 - 10:12 pm - Link - Report abuse 0
  • Condorito

    @2
    Yes, financial centers, the root of all evil and war. Switzerland, major financial center. Major chocolate dipped, gruyere swatch munching warmongerers. Watch out Stevie, the Swiss are coming for you.

    Mar 05th, 2013 - 10:19 pm - Link - Report abuse 0
  • andy65

    @Think, Well they won't be moving to BA but niether will you,can you tell us all THINK-STINK why you chose to live in a western country rather than South America?? what drove your family from your homeland

    Mar 05th, 2013 - 10:23 pm - Link - Report abuse 0
  • Stevie

    Condorito
    Maybe you find some honour in money laundering. Swiss economy is not based on the amount of holes in their cheeses, but on foreign investment in exchange of privacy. Maybe you do think the most important thing is to make money, regardless of where it comes from, but many people would disagree with you.

    Mar 05th, 2013 - 10:29 pm - Link - Report abuse 0
  • Orbit

    @7 CFK won't disagree with Condorito, she's got stacks of cash in Switzerland.

    Mar 05th, 2013 - 11:02 pm - Link - Report abuse 0
  • Room101

    The UK situation will shift East, but will remain a major player; the experience over many decades assures this; as do the more more important financial forecasters of the world.
    It is by no means a done thing for the Far East.

    Mar 06th, 2013 - 08:09 am - Link - Report abuse 0
  • Vuggevise

    @Condorito

    I hate to tell you, but this affects the Swiss too. As members of the European Economic Area, but not the EU, they have to implement this but have no say in it.

    That said, I think this is brilliant. Great to see George get a bloody nose, because in terms of pure, unadulterated, uncaring evil, he ranks right up there with Hugo Chavez and CFK.

    Mar 06th, 2013 - 08:32 am - Link - Report abuse 0
  • Think

    Comment removed by the editor.

    Mar 06th, 2013 - 08:48 am - Link - Report abuse 0
  • Conqueror

    @2 Why don't you try “sharing” what you've got with the people you stole it from?
    @4 Nothing like it Buenos Aires, that's for sure. Just loads of villas miseria.
    @7 I don't understand you. Your goddess, CFK, insists on making money, wherever it comes from. Have you tried working out what she currently has? Around 140 million DOLLARS. You know, the currency ordinary argies aren't allowed to have. She and hubby only had US$30,000 when they started! Could you ask her please? I want to know the details of all the legal deals that enable someone to increase their personal “fortune” by 4,667% in just 17 years!

    Mar 06th, 2013 - 12:20 pm - Link - Report abuse 0
  • Condorito

    @Vuggevise
    I realise it affects the Swiss to. My (badly made) point was that it takes a very good imagination to link financial centers with bloodshed (as per post#2). The Swiss have a significant financial services economy, yet in modern times they stay out of armed conflicts.

    Do I understand right that you are a Norwegian?

    Mar 06th, 2013 - 01:58 pm - Link - Report abuse 0
  • _INTROLLREGNVM_

    Even the Swiss are now joining in? So lets see:

    Germany, France, Italy, Spain, Holland, Scandinavia, the rest of the EU.
    Iceland and Switzerland
    The USA
    the other Antipodeans
    Mercosur
    Japan
    China
    etc...

    They all want to end the banking casino and ponzi scheme.

    OF course the UK would be opposed. Their economy is now entirely based on cheating, stealing,and defrauding others through banking mulct. Take that away, there is nothing left, unless they allow donkey burger industry on its feet once again.

    Mar 06th, 2013 - 02:00 pm - Link - Report abuse 0
  • Condorito

    Toby,
    I think only about 10% of UK GDP is derived from financial services.
    Someone might correct me on that.

    Mar 06th, 2013 - 03:06 pm - Link - Report abuse 0
  • Anbar

    “””I realise it affects the Swiss to. My (badly made) point was that it takes a very good imagination to link financial centers with bloodshed (as per post#2). The Swiss have a significant financial services economy, yet in modern times they stay out of armed conflicts.“”

    ..and make lots of money hiding away the spoils of said armed conflicts...

    ?

    ------

    “Someone might correct me on that.”

    8.9% in 2012, blind bambi on the source tho.

    ------

    The Thing that some folks conveniently forget when dissing the financial sector as utterly corrupt and corrupting is that they are utterly reliant on there being somebody who is willing to be corrupted.

    Easy to forget that little fact.... a bit like forgetting any history prior t0 1833... lots of other people spot the difference!

    --

    “They all want to end the banking casino and ponzi scheme.”

    seriously, for a moment, the Euros hate the fact that the UK is the biggest banking sector in the EU, they want it for themselves.... as opposed to the current stand-off between New York and London.

    GIven that the banking sector in the UK owns the Government (any government, regardless of left or right wing tendencies) dont expect any UK gov to do anything but protect its retirement fund.

    Lets look at that blessedly righteous leftie Blair for a perfect example... made what? £26 million in his first year after leaving office? FOund God and became a “Peace Envoy” to the region he started a totally illegal war in whilst wagging his arse at his pal Gerogie WUbblYu...?

    Once upon a time you could be certain that in Britina the Tories would all be Eton Toffs and in the Bankers Pockets from day 1... at least the Labour party would stand up “fer the man in't street”... fcuk that... the only difference between the left & right nowadays in Britain is what elite public school they attended and how many “executive directorships” they will get on dubious pro-banking companies Boards upon their “retirement”.

    shoot the frakkin lot

    Mar 06th, 2013 - 07:52 pm - Link - Report abuse 0
  • jkw

    EU lumpenproletariat will always be snapping at the heels of their betters....they must be taught discipline...they must be taught respect...and most of all they need to be taught to not reproduce because they are surplus to the new economy...

    as it looks from the edge, the EU has finally figured out that it is the managers of capital who control capital; not the owners, Sooooo, control the managers (bail out the banks) and you control the capital...the US has already learned that lesson...

    Mar 07th, 2013 - 10:49 pm - Link - Report abuse 0

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