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Chancellor Angela Merkel has not minced her words in criticizing banking executives: "It is incomprehensible that banks helped out by the state in many cases pay out huge sums in bonuses," she told SPIEGEL in the latest issue published on Monday. The subject will be addressed at the G-20 summit of leading economies in London in early April, she said. "Overall the bonus system must be linked to the truly sustainable success of the banks in an internationally more transparent way," Merkel said.
Socdems also critical Deputy Chancellor Frank-Walter Steinmeier of the Social Democrats has been no less vocal. "I keep being shocked by the loss of any sense of reality and the cynicism of some leading executives," he said.
