Monday, 29 September 2008

‘Stronger union in exchange for bank bailouts’

If the taxpayers’ money is used to bail out banks, there should be a quid pro quo, argues British commentator Will Hutton. For example, these banks could require future corporate borrowers to recognise unions.
Meanwhile, Dutch union FNV Bondgenoten demands a place on the negotiating table where the future of the partly nationalised Fortis and ABN AMRO banks is decided. “It would be unacceptable if only the interests of investors and savers would be considered in a takeover”, union official Carla Kiburg said.

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