Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-086-000"

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"Mr President, Commissioner Barnier, in your introduction you said how important it is to make dynamic progress on this matter. That is a view I share, but at the same time I cannot help but remember that we Members already include a passage aimed at prohibiting naked short selling in the dossier on alternative investment fund managers. It did not have the intended effect. A separate proposal was tabled. I originally drafted the opinion of the Committee on Legal Affairs on this matter, but I subsequently had my name removed because, in my view, we should not be making compromises here. We need a rigorous ban on naked short selling. Credit default swaps for government bonds should be prohibited. In this regard I can only congratulate the Committee on Economic and Monetary Affairs, which was able to achieve something constructive in the later work, for having succeeded to some extent and hope that in the end the Member States will be a bit more reasonable."@en1
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