BRUSSELS (Reuters) - The European Union cannot make any big changes to its recent agreement to cap the size of bonuses for bankers despite pressure from Britain, Ireland's finance minister Michael Noonan said on Tuesday. European Union diplomats and the bloc's parliament agreed new rules last week that would prevent bankers from receiving bonuses bigger than their base salaries from next year. The bonus cap can rise to twice the size of the salary if shareholders agree. Ireland, which holds the rotating presidency of the EU, helped negotiate the deal. ...
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