Charlie McCreevy, EU internal market commissioner gets it right once again, in his praise of private equity, in the face of such harsh emotional criticism and humbug from politicians!
Onésimo Alvarez-Moro
See article:
Charlie McCreevy, EU internal market commissioner, yesterday delivered an extraordinary paean of praise for private equity companies as dynamic saviours of clapped-out firms - and of the European economy as a whole.
The former Irish finance minister, responsible for policing financial services, lauded private equity groups - and hedge funds - for their "constructive destruction" and made plain he had no intention of following the US lead and burdening them with further regulation.
See full Article.
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