European Union leaders on Friday laid out the welcome mat to sovereign wealth funds to invest in the bloc, as they met in Brussels with dark economic clouds gathering on the other side of the Atlantic.
With news of the collapse in confidence in Bear Stearns filtering into the Brussels’ summit room, EU leaders waved through a communiqué stressing that Europe would remain open to investment from state-owned investment funds.
[Read More:FT.com]
Friday, March 14, 2008
EU welcomes sovereign wealth funds
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