"I sold all my European positions during her speech, " a big European fund manager said afterward.
These include Mr Hauser's Amadeus, Northzone Ventures, Wellington Partners and Index Ventures, perhaps the leading European fund in internet investments.
Banking integration presents fewer political and legal problems if banks (not taxpayers) pay into a European fund to provide deposit guarantees.
"This is a very positive approach, " said Peter De Proft, director general of the European Fund and Asset Management Association in Brussels.
As you can see in the chart below, the Eastern European Fund (EUROX) rose nearly 10 percent over the same time frame.
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Britain has a tough new stewardship code for institutional investors, and the European Fund and Asset Management Association has just published similar rules.
"I think this is a very positive approach, " said Peter De Proft, director general of the European Fund and Asset Management Association in Brussels.
Tim Steinle, portfolio manager of the Eastern European Fund (EUROX), says that unlike Greece, which fudged its numbers to join the EU, Turkey was held to a higher standard.
Merrill Lynch, another American investment bank, found in a recent survey of European fund managers that only 10% thought that countries mattered for their investment decisions, but 76% said it was crucial to be in the right sector.
What's more, a European fund would not have to be big enough to deal with simultaneous deposit runs across all of Europe but only with ones in the periphery, since money would presumably flow to banks in core countries such as Germany.
Deap, which has been running for 11 years, also receives money from the Big Lottery Fund and One European Social Fund.
One approach, mooted in Mexico, would be for the zone's bail-out funds either the permanent European rescue fund, the European Stability Mechanism (ESM) due to start in July, or the temporary European Financial Stability Facility to purchase the bonds of struggling countries like Spain and Italy, driving down their yields.
The auditors looked at a sample of 24 energy efficiency projects co-financed by the Cohesion Fund and European Regional Development Fund.
The project is the first time the Big Lottery Fund has joined together with another funding source - the European Social Fund.
It is a EUR 160 million fund of funds, again backed by TTGV and the European Investment Fund (EIF), as an vehicle to encourage others to take out risk in Turkish start-ups.
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He has been a consultant for cattle breeding associations and for the European Development Fund, too.
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To France's delighted president, Nicolas Sarkozy, this was the birth of a European Monetary Fund.
He wants a bigger European rescue fund (firewall) and for banks to be re-capitalised.
That has prompted calls for a European insurance fund which would guarantee repayment in euros.
Hampshire County Council is willing to assist the project, dubbed Bradnet, and money could be made available via the European Social Fund.
China has shown reluctance to participate in funding of the European rescue fund, even though it sees economic calamity on the horizon.
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Initial investors include the European Investment Fund (EIF), Scottish Enterprise (via the Scottish Investment Bank), Strathclyde Pension Fund and Rock Spring Ventures.
If Europe snubs the IMF, it may eventually need to set up a clone a European Monetary Fund to deal with future funding crises.
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The UK is not part of the eurozone, so its contribution to the package is via the European Commission fund and the IMF.
The only area of agreement was a deal to boost the European Solidarity Fund to help regions of Italy affected by an earthquake earlier this year.
Lord Myners told peers that the UK was "not part" of discussions taking place among eurozone states about the prospect of a European monetary fund.
There were calls from across the political spectrum for better use of the European Solidarity Fund, which is used to help rebuild areas damaged by natural disasters.
However, the significant growth in United Kingdom and European based fund managers over the past 15 years has meant that structuring hedge funds has become an increasingly multi-national endeavour.
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