Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-218"

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	"en"^^xsd:language2
lpv:document identification number	"en.20111115.27.2-434-218"2
lpv:hasSubsequent	lp_eu:2011-11-15-Speech-2-434-2502
lpv:speaker	lp:Dame Glenis Willmott2
lpv:spoken text	"I am pleased to have voted for new controls on what are some of the riskiest aspects of the financial sector. The financial crisis was, in no small part, the result of unseen risks building up across the financial industry. To make the system safer and reduce the likelihood of future crises, we need to tackle those risks. This is doubly important for markets in sovereign debt. We have all seen the effects that a sovereign debt crisis can have on people and their livelihoods in Greece and elsewhere in the eurozone. The rules approved by Parliament today therefore target ‘naked’ short selling, as well as ‘uncovered’ credit default swaps (CDS) for sovereign debt, which have allowed traders to speculate on a country’s debt without even owning it. They have the potential to be extremely damaging by encouraging speculation and driving down asset prices at the worst possible time. Putting an end to these activities is an important step in preventing another Greek-style crisis."@en1
lpv:spokenAs	unknown; Labour Party (2009-07-14--2014-06-30)3 member; ENVI (2009-07-16--2012-01-18)3 substitute; LIBE (2009-07-16--2012-01-18)3 member; S&D (2009-07-14--2014-06-30)3 member; Delegation to the EU-Croatia Joint Parliamentary Committee (2009-09-16--2013-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3
lpv:unclassifiedMetadata	"Glenis Willmott (S&D ),"1 "in writing."1

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