Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-078"

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	"it"^^xsd:language2
lpv:document identification number	"en.20111115.27.2-434-078"2
lpv:hasSubsequent	lp_eu:2011-11-15-Speech-2-434-3582
lpv:speaker	lp:Crescenzio Rivellini2
lpv:spokenAs	member; CONT (2009-07-16--2012-01-18)3 substitute; ENVI (2009-07-16--2012-01-18)3 member; Conference of Delegation Chairs (2009-09-29--2014-06-30)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-05)3 member; EPP (2009-07-14--2014-06-30)3 member; PECH (2009-07-16--2012-01-18)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 chair; Delegation for relations with the People's Republic of China (2009-09-29--2014-06-30)3
lpv:translated text	"I should like to offer my congratulations on the excellent work carried out by Mr Canfin. The new European rules adopted today impose greater transparency and will prohibit the use of some kinds of credit default swaps (CDSs), which are financial products used as insurance against defaults. These rules prove that the EU can act against speculation when the political will to do so exists. The legislation will make it impossible to buy CDSs with the sole aim of speculating on a country’s default. For example, buying Greek CDSs will only be allowed from now on if the buyer already owns Greek government bonds or a stake in a sector that is highly dependent on their performance, such as a Greek bank, since, if the country were to go bankrupt, Greek banks would certainly suffer a great deal."@en1

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