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Europe Daily Bulletin No. 9835

7 February 2009
GENERAL NEWS / (eu) eu/economy
Limitations on remuneration should be “useful”, Commission says, but is up to member states to decide

Brussels, 06/02/2009 (Agence Europe) - Limiting the remuneration of managers of banks receiving state aid is a “useful measure”, the spokesman for the European competition commissioner said on Friday 6 February. He explained to the press that, when it is a question of banks assisted by their national authorities, the Commission welcomes this kind of restriction on the salaries and bonuses of bank directors as it is an additional incentive to pay back the state's money as quickly as...

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