European Dithering Is Costing Savers Billions.

Reports on the claim of Thomas Balk, European president for mutual funds at Fidelity International, on the failure of European Commision in developing a market for asset management products during his speech at the annual Investment Management Association conference in London, England in 2005. Amount wasted by the commission for its failure to establish the market; Problems faced by the European mutual funds industry; Advantage of the European asset management market.