Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-132"
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"en.20111115.27.2-434-132"2
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"I voted in favour of this text because I think that in these tough economic times, it is essential to limit short selling and trading in so-called credit default swaps, which are financial products used as insurance against defaults. The new European rules must impose greater transparency and make it more difficult to speculate on a country defaulting.
Parliament’s aim with this text was to obtain a ban on short selling in these financial products. Furthermore, more stringent disclosure obligations will be introduced from today onwards. Indeed, a lack of information was very much one of the biggest obstacles to supervisors’ work in the period before the crisis."@en1
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