Last ditch attempts by the Cypriot presidency to push through EU legislation on bank capital levels and limits on bonus payments have collapsed, with MEPs and ministers still deadlocked after months of talks.\n \nIrish officials, whose government will hold the rolling presidency from January, will now assume responsibility for brokering a deal.
Under the compromise proposed by the Cypriots, bonus payments would be capped at the same level as salaries, with bank shareholders able to waiv...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.