The British Bankers Association (BBA), facing public anger on scandalous bonuses, has stated that “Outside the UK, the concern on bonuses is limited or doesn’t exist at all”, and argued that any set of international rules on the subject should not penalize British Banks.
Regrettably for them, workers across Europe are monitoring what is happening all around Europe on shameful bonuses in crisis and austerity times, and any attempt to minimize or get around the problem will not divert people’s attention.
