Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-359"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-11-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20111115.27.2-434-359"2
lpv:hasSubsequent	lp_eu:2011-11-15-Speech-2-434-2572
lpv:speaker	lp:Maria do Céu Patrão Neves2
lpv:spokenAs	member; EPP (2009-07-14--2014-06-30)3 unknown; Partido Social Democrata (2009-07-14--2014-06-30)3 member; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; PECH (2009-07-16--2012-01-18)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; AGRI (2009-07-16--2012-01-18)3
lpv:translated text	"At the height of the financial crisis originating in the property sector, in September 2008, competent authorities in several EU Member States and the United States adopted emergency measures to restrict or ban short selling in some or all securities. They acted due to concerns that, at a time of considerable financial instability, short selling could aggravate the downward spiral in the prices of shares, notably in financial institutions, in a way which could ultimately threaten their viability and create systemic risks. The measures adopted by Member States were divergent, as the Union lacks a specific legislative framework for dealing with short selling issues. The purpose of this report on the proposal for a regulation of the European Parliament and of the Council on short selling and certain aspects of credit default swaps is to compensate for this lack of a specific legislative framework for a measure regarding short selling at the level of the Twenty-Seven. As such, I voted for this report."@en1

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