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EU Nears Deal on Basel Rules After Clashes on Bonuses, Timing

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European Union finance ministers neared an accord on a wide-ranging plan to strengthen bank capital requirements as they wrangled with U.K. Chancellor of the Exchequer George Osborne over proposed curbs to bankers’ bonuses.

“I can’t support the proposal currently on the table, but I hope if we make progress over the next couple of weeks that we have a proposal I can support,” Osborne said in Brussels. Other nations backed the deal, with German Finance Minister Wolfgang Schaeuble endorsing a last search for common ground.