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Why the ETUC is against bonuses

European workers did not create the crisis. But the response of European governments has been harsh austerity, penalizing them twice: as workers and as citizens. Meanwhile the banks, which bear the greatest responsibility for the crisis and were saved by huge bailouts in the middle of the storm, are now doing their best to try to preserve their appearance vis-à-vis public opinion. The banks are perfectly aware that the outrageous bonuses being awarded despite the vast amount of taxpayers’ (...)



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