
Commenting on the draft Directive on Alternative Investment Fund Managers, PES President Poul Nyrup Rasmussen said “This directive has more holes than a Swiss cheese.” Rasmussen said “Commission President Barroso has broken his promise to the
PES President Poul Nyrup Rasmussen warned that Europe's credibility was at risk if it does not pull its weight alongside US, China and Japan in countering the recession. Rasmussen said "In the past Europe blamed President Bush for the lack of