The danger of too much information

Frits Bolkestein, the European Union's financial services commissioner, has taken a step toward pushing European equity markets closer to the US model.

He has unveiled a directive to standardise corporate reporting throughout the continent's patchwork of national bourses by making companies deliver quarterly results.

He is right about one thing: Europe's markets need to come up with a formula for reporting results across the continent to persuade Europeans to feel comfortable investing across

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