Photo Gallery: The Attack on the Banking Bonuses
Foto: Peter Macdiarmid/ Getty Images
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Photo Gallery: The Attack on the Banking Bonuses

Venting Public Outrage Capping Bonuses Will Matter Little

The European Union wants to impose a cap on bonuses for highly paid bank executives. Though the industry is responding with outrage, in the end the legislation will fail to achieve its aim of creating a more stable financial system.
Translated from the German by Christopher Sultan
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