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Bonus row opens up G20 divisions

Business Materials 5 September 2009 10:36 (UTC +04:00)
Deepening divisions are appearing among international finance ministers, meeting in London, about how to curb excessive bank bonuses.
Bonus row opens up G20 divisions

Deepening divisions are appearing among international finance ministers, meeting in London, about how to curb excessive bank bonuses, BBC reported.

French Finance Minister Christine Lagarde has promised to launch an "onslaught" against large payouts.

The UK has dismissed the idea, while other countries remain concerned about how best to recover from the recession.

The issues are set to dominate a meeting of the G20 group of leading developed and emerging economies.

At their meeting - a preparatory session for the next full G20 summit - the G20 finance ministers will consider whether recent signs of economic improvement should be followed by a reverse of some of the emergency measures implemented to stimulate the global economy.

France, Germany and Japan have all shown positive growth in recent months.

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