Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-422-718"
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"en.20110705.34.2-422-718"2
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"The 2008 crisis has demonstrated the effects and the risks which can come about as the result of reprehensible actions, which must be avoided. As such, it is vitally important to strengthen transparency and financial stability. Europe must act quickly and in a targeted way in the face of the current financial situation of certain Member States as well as market volatility. Citizens, particularly those from the weakest economies, cannot be made to suffer a second crisis. In order to put an end to the current fragmented situation in which some Member States have taken differing measures, and to restrict the possibility of this continuing to occur, it is important to address the potential risks arising from short selling and credit default swaps in a harmonised manner.
I also believe that measures relating to sovereign debt and sovereign credit default swaps should include greater transparency and restrictions on uncovered short selling, and impose requirements which are proportionate and at the same time avoid an adverse impact on the liquidity of sovereign bond markets and sovereign bond repurchase markets."@en1
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