BOSSA.CZ (BOSSA.CZ)
Markets  |  March 05, 2013 10:35:00

Tuesday's ECOFIN meeting


iPoint.cz On Monday, eurozone ministers agreed in Brussels financial assistance to Cyprus. Now the plan must detail breakdown rescue package worth 17 billion euros. The European Commission, the European Central Bank and the International Monetary Fund (Troika) will visit Cyprus today and begin with a detailed analysis of the financial needs.

The European Union plans to limit bonuses they receive senior bankers. According to the new rules would not come on bankers bonuses greater than their base salary. Above this limit can be reached only if the shareholders approve it.Against this measure should ascend British Finance Minister George Osborne, representing the interests of London's financial sector. Probably, however, today's meeting of euro area finance ministers (ECOFIN), where the topic will be discussed, does not find sufficient support. Bankers now considering suing the European Union in the event that such a law actually approved.

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