Watson Wyatt, an employee-benefits consultancy, says that American multinationals increasingly are applying a common compensation scheme to all their operations.

ECONOMIST: The link between pay and performance is weak

There was no agreement to euro-wide deposit insurance or to a common bank-resolution scheme.

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Therefore, the Australian blacktips all got together and came up with a scheme to seduce unsuspecting common blacktip sharks so that they can find a way to survive in COOLER waters.

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Three years ago, he introduced a profit-sharing scheme under which each firm contributes a third of profits to a common bonus-pool, and fund management is run globally from New York.

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What the scheme is not is a giant leap towards a common economic government, with the power to siphon huge sums from rich to poor bits of the union.

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This PIN-pad scheme is in some ways just a variation on fairly common ATM skimming hardware techniques, which attach to the machines and invisibly siphon off credit card data.

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