The European Parliament has approved measures to curb bank bonuses, part of a wider series of EU reforms intended to prevent a repeat of the recent financial crisis that has decimated the region's economy.
An overwhelming majority of MEPs voted to support the new measures during a plenary session in Strasbourg on Wednesday (7 July), with 625 votes cast in favour, 28 against and 37 abstentions.
"A high-risk and short-term bonus culture wrought havoc with the global economy and taxp...
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