Thursday, December 10, 2009

Brown, Sarkozy: Tax financial bonuses more

British Prime Minister Gordon Brown and French President Nicolas Sarkozy presented a united front Thursday, agreeing that executive bonuses should be taxed more ahead of the European Union's first streamlined summit.

The leaders co-wrote an article in the Wall Street Journal appealing for "a new compact between global banks and the society they serve."

The Brown-Sarkozy byline appeared to heal a rift in Anglo-French relations that opened over the appointment last month of Frenchman Michel Barnier to oversee EU financial markets, including the City of London, a powerhouse of world finance.

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