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EU banks urged to freeze bonuses in return for aid
By EUobserver
Bankers ought to give up their bonuses for the next 12 months if they wanted their national governments to pour in public money to soothe the effects of the pandemic slowdown, the Croatian EU presidency has suggested in a paper dated 2 June and seen by Reuters. The ban could be even "longer if such is the duration of the serious economic disturbance determined by the" European Commission, it said.