EU chief Barnier: London’s bankers are blackmailing us

first_imgMonday 13 December 2010 9:39 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoWork from Home | Search AdWork From Home for a USA company Might Be More Fun Than You ThinkWork from Home | Search AdUndoDental Implants | Search AdsNew Dental Implant Prices For Seniors May Surprise YouDental Implants | Search AdsUndoLaptop Deals | Search AdsThe Cost Of A New Laptop May Surprise YouLaptop Deals | Search AdsUndoBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushUndoYour Money Magic96-Year-Old Puts Her House For Sale. Look How It Looks InsideYour Money MagicUndo THE EU’S markets chief accused London banks of blackmailing the union with threats to move abroad in the face of bonus curbs yesterday. Michel Barnier, who made his first appearance in front of the Treasury select committee yesterday, said the EU’s new guidelines calling for bankers to get just 20 per cent of bonus payments in cash would not spark an exodus from the City. “I very much doubt there will be a flight of talent towards Asia or elsewhere,” said Barnier. “I would not be overly impressed by the blackmail exerted in which this kind of risk is mentioned.”Barnier spoke at the committee after pressure from its chairman, Andrew Tyrie, who wanted more information on the powers of ESMA, the EU’s new banking super-regulator. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap KCS-content whatsappcenter_img Show Comments ▼ Share EU chief Barnier: London’s bankers are blackmailing us whatsapp Tags: NULLlast_img read more