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Economy

Meet The Man Trying To Make London's Bankers "Squeal Like Pigs"

With his proposal to cut bonuses for European bankers, Belgian politician Philippe Lamberts has become public enemy No. 1 for Britain's financial industry. Nothing could make him happier.

London's most hated European MP
London's most hated European MP
Eric Albert

LONDON – A Belgian Member of the European Parliament with a degree in computer engineering, Philippe Lamberts doesn’t look like a man who would terrorize The City. With his sensible haircut and good manners, this father of four is not your run-of-the mill revolutionary intent on bringing the British financial financial center to its knees.

But don’t let appearances fool you. Lamberts, a Green party member first elected in 2009, is the man who infuriated London’s bankers by spearheading the campaign to limit bonuses in Europe. On Feb. 27, the European Parliament and the European Council both agreed to vote on his proposal – starting 2014, EU-wide bonuses will not be able to exceed the total amount of their salary. Shareholders, though, will have the possibility of increasing bonuses to up to twice the amount of the salary.

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Two Ukrainian soldiers at a military base on the outskirts of the separatist region of Donetsk

Lisa Berdet, Lila Paulou, Anne-Sophie Goninet and Bertrand Hauger

👋 Halito!*

Welcome to Wednesday, where the first war crimes trial against a Russian soldier since Moscow’s invasion of Ukraine gets underway in Kyiv, Kim Jong-un slams North Korean officials’ response to the coronavirus outbreak and Mexico’s National Registry of Missing People reaches a grim milestone. Meanwhile, Ukrainian news outlet Livy Bereg looks at the rise of ethnic separatism across Russia’s federal regions.

[*Choctaw, Native American]

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