DUBLIN Feb 21 Ireland, which holds the European
Union's rotating presidency, expects a compromise to be secured
on a proposal to cap bankers' bonuses, Finance Minister Michael
Noonan said on Thursday.
Negotiations stalled on Tuesday after EU countries and the
bloc's parliament clashed over how far to go in curbing pay for
the industry's top earners.
"We think there is a median where a settlement can be
reached without upsetting the cost base in the city of London or
without depriving people of rightfully earned bonuses," Noonan
said in an interview with Bloomberg television. "But it has to
be done in a new formulation."