Brussels, 11/03/2003 (Agence Europe) - the European Confederation of Trade Unions (ETUC) has given another reaction to the European Commission's draft directive on pension funds. It explained in a press statement that the compromise between the Council and the European Parliament on the subject, which was discussed on Tuesday evening in Strasbourg (Kara report) is unacceptable. In the EO/Council common position on the draft directive, union demands were not taken into account, notably those on the participation of social partners in the shaping and inspection of strategic investment choices, as well as establishing investment criteria in order for investment to contribute to sustainable development. The unions had previously reacted by insisting on the inclusion of an obligation to annually inform members and beneficiaries of pension funds on the financial situation, explained the ETUC, adding that "in the meantime, a compromise had been reached for the Council, Commission and the EP that intended to provide information to members only and not beneficiaries..