Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-362"
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"en.20111115.27.2-434-362"2
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"In the current climate of crisis and financial emergency in the EU, it is important to regulate and standardise some aspects of Member States’ legislation on short selling and credit default swaps. We must give the markets and investors a coherent framework and therefore guarantee effective supervision that is ready to respond to the speculation that has fed the economic crisis. The proposal being voted on today contains limitations on sales and purchases of financial products and derivatives through the markets which, under the current structure, can be used by speculators aiming to damage sovereign debt securities and make money out of the downward spiral of prices. As the text proposes, it will also be necessary to provide for possible temporary restrictions on short selling. Also, in some cases, it will be necessary to encourage cooperation between the various national authorities responsible for market supervision through the coordination of the European Securities and Markets Authority."@en1
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