Sarkozy urges cut to bank bonuses

President Nicolas Sarkozy will push French bankers to do more to restrict bonuses so he can hold them up as a good example to other countries at meetings of the G20 in September.

Mr Sarkozy’s summoning of top bankers to his office today also aims to show voters that he will not allow unlimited pay cheques for those seen responsible for a financial crisis which led to recession and rising unemployment in France. – (Reuters)