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Scarpe Louboutin and we are still suffering as a result

onomies, and we are still suffering as a result, Mrs Lagarde said.Nobody wants this thing to happen again and if we want to avoid a recurrence of the crisis, we need to change the rules. France is proposing a series of mandatory caps on bonuses - which the head of the Eurogroup of eurozone finance ministers, Luxembourg's Jean-Claude Juncker, said he totally supported. Mr Darling told the BBC that the UK favoured measures designed to make sure banks had higher capital reserves and were geared more to long-term growth. But the UK and US have so far been reluctant to go as far as France is putting a limit on Scarpe Louboutin bankers' pay. Frankly I would be surprised that the excellent common law system of the UK does not find ways to make the collective determination enforceable, Mrs Lagarde said. Everybody knows that the compensation of someone is a driver for that person's behaviour so we need to look at compensation. A meeting of the heads of the G20 governments will take place in Pittsburgh later this month. Joint letterOn Thursday, UK Prime Minister Gordon Brown said in a joint letter with the heads of the French and German governments that they must explore ways to limit bonuses.We should explore ways to limit total variable remuneration in a bank either to a certain proportion of total compensation or the Louboutin Scarpe Outlet bank's revenues and/or profits, they said. The abatement of financial tensions has led some financial institutions to imagine they can return to the same modes of action prevalent before the crisis. This is not an option, the letter added. That appeared to contrast with previous comments from Mr Brown that he did not favour capping bonuses. His comments suggested that he preferred finding mechanisms where banks could claw back bonuses if the bank later performed poorly. Bonus proposalsMr Darling, in an interview with the BBC's economics editor, Stephanie Flanders, denied that the letter was a U-turn by the UK. He said that the prime minister was merely showing the UK was Christian Louboutin Scarpe prepared to work with other countries. And he said he
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