Barmy Barnier unveils his bonkers plans

Limiting top bankers salaries to a multiple of that of junior staff is one guranteed to get Capital fleeing from the EU! Many more will be found in this link from India, where they must be drooling in anticipation of an influx of high paid financial services middlemen, the bosses being in some luxurious tax haven elsewhere!

In the EU, once the bankers have left, perhaps we can use the precedent to cut the pay and perks of EU Commissioners, preferably together with any accrued pensions to zero!

Update 24/1/12 1405 Here is an actual report of Barnier's speech: LINK
It's a Financial World Blog.