Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-055"

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"en.20111115.27.2-434-055"2
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"This report represents the culmination of an intense negotiation process between both colegislators and results, in my opinion, in a balanced position with regard to the limit to speculation on sovereign debt and to the future of short selling. I would stress that this makes the European Union the first region in the world to restrict short selling and credit default swaps, and I welcome the decision to limit their activity instead of simply banning them. I should also like to highlight the increased role given to the European Securities and Markets Authority, which will enable greater monitoring and supervision of the rules listed here, and which is in line with Parliament’s position regarding European supervisory authorities. Finally, I would congratulate the team of rapporteurs on all the work they have done, which will provide greater European-level harmonisation of this type of activity."@en1

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