News - Alistair Darling
The secretary-general of the Elysee said French President Sarkozy could walk out on next week's Group of 20 meeting if leaders fail to act on bank bonuses.
Britain and France disagree on how to limit big bonuses for bankers, which both countries hold partially responsible for the financial crisis, analysts say. Finance ministers were meeting in London Saturday in a preparatory session for this month's Group of 20 summit in Pittsburgh, where a top agenda item will be huge bonuses given to investment bankers, the BBC reported. British Prime Minister Gordon Brown opened the meeting saying: Pay and bonuses cannot reward failure or encourage unacceptable risk-taking, The Times of London reported.
Britain's Chancellor of the Exchequer Alistair Darling said some bankers have been too complacent about changing pay structures that encourage risk. In an interview, Darling said: There are people who are too complacent in my view.
British Chancellor of the Exchequer Alistair Darling said he would stick to his prediction of economic growth in 2010. Although some of his predictions have been criticized as too rosy, Darling said, I am not going to change my forecasts, The Times of London reported Wednesday.

