Switzerland joins banking bonus cap

By Leon J Williams

UK; EU budgetEarlier this week the UK’s Conservative party criticised the EU’s banking bonus cap, promising to fight the measure before it comes into play.

They went on to say that this was nothing more than a “boost for Zurich and Singapore and New York”.

Well tory scumbags, you can cross Zurich off that list because the Swiss public have voted overwhelmingly to cap bankers bonuses and executive pay with nearly 70% voting in favour of strict regulation.

Sure, a global approach would be the best option but with die-hard capitalist countries not willing to go there the would needs someone to take the lead and be the example, that is the EU, that is Switzerland, that is Europe!

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