EU acts to cap bankers' bonuses

In a world first, the European Union has agreed to cap extravagant bankers' bonuses from 2014. The provisional deal means that bonuses will be capped at a year's salary, unless a majority of shareholders vote to up it to two years. It would also apply to bankers employed by an EU-based institution living outside the union.<br />...<br />http://www.euronews.net/