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Is linking bankers' bonuses to productivity being considered? (Photo: suburbanslice)

Europe has a banking crisis, not a wages crisis

To a hammer every problem looks like a nail. EU leaders are once again proposing familiar solutions driven more by what is possible, even convenient, than by what the problems actually are.

Given that recent rhetoric has almost exclusively been about competitiveness fiscal and sovereign debt problems, one could be forgiven for having already forgotten that this was first and foremost a financial crisis.

The fact of the matter is that our leaders have proven incapable of understan...

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The views expressed in this opinion piece are the author’s, not those of EUobserver
Is linking bankers' bonuses to productivity being considered? (Photo: suburbanslice)

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