Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-136"
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"en.20111115.27.2-434-136"2
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"I voted for this report, since I consider it crucial to curb the speculation on the EU’s sovereign debts that has been taking place. Much of this speculation has been fed by the sale and resale of credit default swaps (CDSs), whose price serves as an indicator of the level of risk of the respective sovereign debts. As such, more effective regulation is of the greatest urgency. The purpose of these measures is to prevent, throughout the European Union, anyone not owning sovereign debt of one of the EU Member States from being able to buy these risk management products – CDSs – in order to speculate against the related debt. Finally, these proposals will also enable a move towards greater transparency in the short selling – the sale of securities without owning them – market, so as to better regulate another area that generates a lot of speculation."@en1
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