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EU to Call for Sanctions on Excessive Bank Pay

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WHO'S WITH US?
European Union leaders plan to urge the world's largest economies on Thursday to threaten sanctions on banks that pay excessive bonuses to executives and traders as part of a promised overhaul of the global financial system, BusinessWeek reports. They also want to step up pressure on the United States and China to tackle global warming and commit to cuts in global greenhouse gas emissions at climate change talks later this year in Copenhagen.
SOURCE:   BusinessWeek

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