Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-125"

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"en.20111115.27.2-434-125"2
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"In favour. As Green MEP and EP draftsman for the legislation, Pascal Canfin, said: ‘The legislation adopted by the EP today, notably the decision to ban naked credit default swaps, is a major step forward in tackling sovereign debt speculation, which continues to wreak havoc across the eurozone. The European Parliament pushed to ensure a ban on naked CDS was included from the outset, and its inclusion is a victory for the EP and our efforts to curb the excesses of the financial system. These new rules will prohibit market actors from purchasing CDS of sovereign debt without holding actual bonds of the countries involved as a general rule. This will prevent cynical traders from speculating on the bankruptcy of a country’."@en1
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