Monday, December 14, 2009

GREECE LEADS CHARGE ON BANKER BONUSES


BANZAI7 NEWS--Prime Minister George Papandreou, treading a tightrope between public opinion and impatient investors, announced spending cuts and a 90 percent tax on private bankers' bonuses in an effort to rein in Greece's debt. Greece's 300 investment bankers are furious and are planning a protest dinner tonight.

The move is expected to impact Sparta's position as a leading global financial center.

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