EU agrees to slash banker bonuses - EUbusiness Week 496

Discussion in 'Bankruptcy' started by Eubusiness News, Jul 2, 2010.

  1. EUbusiness Week - Issue 496
    2 July 2010
    http://www.eubusiness.com
    Your way through the EU information maze
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    This Week's Top Stories
    =======================
    1. WTO rules some EU Airbus subsidies illegal
    2. EU, US sign anti-terror finance deal
    3. EU agrees to slash banker bonuses
    4. Mobile roaming rates to fall as of July 1
    5. New figures show European tax rates far above US, Japan
    6. European firms in China expect conditions to worsen

    Publisher's Note
    ================
    Belgium launched its six-month stint as European Union
    president on Thursday, with hopes that it can help the EU
    out of its economic crisis. It hopes to focus on plans to
    accelerate talks to beef up financial regulation and push
    forward discussion on economic governance for Europe.

    Previous president Spain also had ambitious plans, which
    were all but eclipsed by the European debt and euro crisis,
    and problems in its own fragile economy. Belgium, lacking a
    new national government after the recent general election,
    is not in a strong position, and will not have an easy ride.
    http://www.eubusiness.com/news-eu/belgium-presidency.5er

    Regards,

    Nick Prag
    Publisher, EUbusiness

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    1. WTO rules some EU Airbus subsidies illegal
    ---------------------------------------------
    The WTO on Wednesday dealt the European Union a painful blow
    in the transatlantic trade row over multibillion dollar
    subsidies for US and European aircraft, ruling some state
    support for Airbus illegal.
    http://www.eubusiness.com/news-eu/wto-trade-dispute.5ef
    Key elements of US trade dispute with EU over Airbus
    http://www.eubusiness.com/news-eu/wto-trade-dispute.5ea

    2. EU, US sign anti-terror finance deal
    ---------------------------------------
    Europe and the United States have signed a new deal allowing
    Washington to access bank data to track terrorist finance
    after easing European concerns about privacy rights.
    http://www.eubusiness.com/news-eu/us-attacks-banking.5cp

    3. EU agrees to slash banker bonuses
    ------------------------------------
    The EU will slash all banker bonuses from January 1, after
    MEPs gave the go-ahead to tough new laws aimed at reining
    in excessive risk-taking in the financial sector.
    http://www.eubusiness.com/news-eu/finance-economy-pay.5dq

    4. Mobile roaming rates to fall as of July 1
    --------------------------------------------
    Mobile roaming rates were set to fall again from July 1,
    with maximum call charges while abroad in the European
    Union dropping to 0.39 euros per minute before VAT.
    http://www.eubusiness.com/news-eu/telecom-mobile.5cs

    5. New figures show European tax rates far above US, Japan
    ----------------------------------------------------------
    New figures show that EU citizens are taxed far more heavily
    than US or Japanese counterparts. The overall tax-to-GDP
    ratio for 2008, the first year of the financial crisis,
    was 39.3 per cent, a slight fall on the previous year.
    http://www.eubusiness.com/news-eu/tax.5cq

    6. European firms in China expect conditions to worsen
    ------------------------------------------------------
    European firms in China expect to face even tougher
    regulatory policies in the next two years, a survey
    released on Tuesday showed, as fears mount that Beijing
    is trying to shut out overseas companies.
    http://www.eubusiness.com/news-eu/crime-drugs.5bo

    EUROPEAN CASE LAW
    =================
    De Beers: the European Court of Justice has ordered the
    world's dominant diamond trader, South Africa's De Beers, to
    stop buying gems from global number two, Russia's Alrosa.
    http://www.eubusiness.com/news-eu/diamond-court.5da
    EU contract law to smooth Single Market for businesses
    http://www.eubusiness.com/news-eu/contract-law.107
    Bulgarian businessman jailed for EU fraud
    http://www.eubusiness.com/news-eu/bulgaria-farm-funds.5dx
    http://www.eubusiness.com/eulaw
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    from national and European Courts. Free 30 day license for
    EUbusiness readers - thereafter at a special introductory
    discount of 20 per cent
    http://www.eubusiness.com/caselex-30
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    Inside the EU Institutions
    ==========================

    Council Watch
    -------------
    EU officials: Britain wants to boost the number of its
    personnel among the ranks of staff in the Union, Foreign
    Secretary William Hague said on Thursday.
    http://www.eubusiness.com/news-eu/britain-diplomacy.5es
    Europe must impose tough oil sanctions on Iran: US
    http://www.eubusiness.com/news-eu/iran-nuclear-us.5db
    Bosnia lawmakers approve census legislation
    http://www.eubusiness.com/news-eu/bosnia-politics.5en
    http://www.eubusiness.com/European_Council

    Commission Watch
    ----------------
    Budget truants: the Commission unveiled on Wednesday a
    proposal to impose tough sanctions on EU members that run
    excessive deficits, in a bid to prevent a new debt crisis.
    http://www.eubusiness.com/news-eu/finance-economy.5dz
    EU 'disappointed' with Airbus ruling, open to negotiations
    http://www.eubusiness.com/news-eu/wto-trade-us-airbus.5e8
    Farm spending in EU not too high: Commissioner
    http://www.eubusiness.com/news-eu/agriculture-budget.5ev
    http://www.eubusiness.com/Commission

    Euro-Parliament Watch
    ---------------------
    Food prices: new legislation is needed to ensure fair
    returns to farmers and transparent prices to consumers, by
    enforcing fair competition throughout the food supply
    chain, Parliament's Agriculture Committee said on Monday.
    http://www.eubusiness.com/news-eu/food-prices.286
    EU deplores absence of competition in Burundi vote
    http://www.eubusiness.com/news-eu/burundi-vote.5dy
    http://www.eubusiness.com/Europarl

    EU diary
    --------
    1-2 July, European Education Committee
    5-8 July, European Parliament Plenary Session
    8 July, Governing Council meeting of the ECB
    11-13 July, Informal Environment Council
    12 July, Agriculture and Fisheries Council

    The Week Ahead: http://www.eubusiness.com/events/EUcalendar
    Long-term diary: http://www.eubusiness.com/events/eu-diary

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    More jobs: http://www.eubusiness.com/jobs

    Policy Forum
    ------------
    Halt to consumer surprises thanks to data roaming cut-off
    http://www.eubusiness.com/Members/BEUC/roaming.610

    Translation proposal must be last episode of EU patent saga
    http://www.eubusiness.com/Members/EUROCHAMBRES/eu-patent.710
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    Analysis
    --------
    Carbon and energy taxes in Europe: the demand to 'make the
    polluter pay' by putting a price on the amount of carbon
    dioxide and other greenhouse gases produced has been a
    major point of debate across Europe since the mid-1980s.
    http://www.eubusiness.com/Members/climateanswers/10-07-01

    Belgium's big European project is a big problem for Britain
    http://www.eubusiness.com/news-eu/belgium-economy.5d9
    http://www.eubusiness.com/features

    Events
    ------
    7 Sep, European industrial technologies conference
    http://www.eubusiness.com/research/ind-tech.10

    21 Sep, Berlin: 'Connecting railways' brokerage event
    http://www.eubusiness.com/transport/connecting-railways.10
    More events: http://www.eubusiness.com/events

    Guides
    ------
    Telecoms: measures to counter data roaming bill shocks
    http://www.eubusiness.com/telecoms/mobile-roaming-guide.03

    Air passenger rights in the EU
    http://www.eubusiness.com/airlines/air-passenger-rights.2

    Rail passenger rights in the EU
    http://www.eubusiness.com/transport/rail-passenger-rights

    Passenger rights in exceptional situations
    http://www.eubusiness.com/transport/passenger-rights-guide3
    More guides: http://www.eubusiness.com/guides

    Publications
    --------------
    Industrial relations developments in Europe 2009
    http://www.eubusiness.com/Members/eurofound/industrial.09
    More publications: http://www.eubusiness.com/EUbooks

    Other news on EUbusiness this week
    ----------------------------------
    EU moves a step closer to a Single Patent 1-Jul
    http://www.eubusiness.com/news-eu/eu-patent.107
    EU to broaden out bank stress tests: document 1-Jul
    http://www.eubusiness.com/news-eu/finance-economy.5em
    EU consults on implementation of Services Directive 30-Jun
    http://www.eubusiness.com/news-eu/services-directive.306
    Croatia enters final sprint in EU membership talks 30-Jun
    http://www.eubusiness.com/news-eu/enlarge-croatia.5du
    New EU organic logo comes into force on 1 July 30-Jun
    http://www.eubusiness.com/news-eu/organic-logo.306
    EU fines steel makers EUR 518m for price-fixing 30-Jun
    http://www.eubusiness.com/news-eu/competition-steel.5dr
    EU opens new chapter of membership talks with Turkey 30-Jun
    http://www.eubusiness.com/news-eu/turkey-enlargement.5do
    EU reviews options for revised Market Abuse Directive 28-Jun
    http://www.eubusiness.com/news-eu/market-abuse.286

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    Eubusiness News, Jul 2, 2010
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