Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-425-500"
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"en.20110705.34.2-425-500"2
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"Short selling and credit default swaps are a speculative practice, which does not benefit the economy in any way, since they encourage betting on countries’ noncompliance. The bigger the bets, the greater the pressure on the country and, as a consequence, the greater the risk. This proposal for a regulation aims to restrict and, in some situations, prohibit these practices, in particular where sovereign debt securities are concerned, so as to control market speculation. Although I believe that a more restrictive regulation of these speculative activities is necessary, the amended proposed regulation constitutes a first step in this direction, which is why I voted for this report."@en1
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