Facts - Friday, 17 July 2009
The EU's Next Target
(Der Spiegel - Germany)
Politicians in Brussels are working on tough regulations that might make the Continent less appealing to hedge funds and private equity firms.
With European unemployment still rising and consumer confidence at an all-time low, most people don't have much sympathy for the financial sector's Masters of the Universe. And they hold in particularly low regard the whiz kids of private equity and hedge funds who -- unfairly or not -- have shouldered much popular blame for the global economic crisis.(...)
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