Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-202-000"

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"en.20111115.27.2-202-000"2
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"Madam President, short selling and credit default swaps are two of the principal methods of investing in, or hedging against, a fall in prices or a default of a bond. Restrictions on the trading of sovereign debt, in particular, when the underlying asset is not owned or borrowed by the investor, can be very controversial. We must ensure that while we bring about some protection from aggressive short selling in the markets, this must not be done at the risk of liquidity. Any blanket ban on credit default swaps could have serious consequences on the ability of Member States to raise revenue through issuing bonds. Despite this report being brought closer into line with the position of my group, I still have a number of reservations, and these have come out in the detail and the general direction of the proposals."@en1
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