NU Online News Service, April 10, 12:00 p.m. EST

Evan G. Greenberg, chairman and chief executive officer of ACE, says governments in the United States and Europe erroneously believe they can create prosperity in the private sector.

“In the U.S.and much of Europe, we face an unrelenting assault on business by government,” says Greenberg in his annual letter to shareholders. As a result, he says, these governments are discouraging risk-taking and investment.

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