The EU has adopted a Directive, applicable as from 1/1/2015, which limits the annual bonuses for Bankers. EU countries must introduce the effect of this Directive into their national laws.
Was this Directive really necessary ? Will those poor Bankers, who do not at present get enormous bonuses, not now start thinking that they are underpaid ?
Should bonuses not simply be limited to, for example, 20% of the annual salary earned, not only for Bankers but all other employees as well ?
Banks are already well placed and certainly have hidden "slush funds" to top-up bonuses or to do whatever else they might want to do !
Instead of the EU, should it not be the shareholders of the Banks and Companies, who should ultimately decide or approve the payment of exceptional bonuses ?
Finally, to put things into perspective, and excluding the very poorest countries in the EU, the total minimum salary for one year's work in the EU varies between 15168 and 22488 euros.
Some bonuses in recent times for Bankers have been grotesque in comparison !
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