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" ... So, the story goes, as stockholding periods have become ever shorter, as pension funds, hedge funds and the like insert themselves into the shareholder registers, there becomes an increasing disconnect between the interests of the shareholders and the managers. The managers have more freedom to award themselves ever higher pay in the absence of stockholder scrutiny and thus does the whole thing ratchet up. ... "
" ... The Commission is recommending three actions for EU national governments, central oil stockholding agencies, companies in the energy markets, price-reporting agencies, commodity exchanges, and European financial services companies: the wider use of the euro in energy-related international agreements, transactions, and financial services for energy related projects. ... "