Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-263"

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	"fr"^^xsd:language2
lpv:document identification number	"en.20111115.27.2-434-263"2
lpv:hasSubsequent	lp_eu:2011-11-15-Speech-2-434-0562
lpv:speaker	lp:Sophie Auconie2
lpv:spokenAs	member; EPP (2009-07-14--2014-06-30)3 unknown; Nouveau Centre (2009-07-14--2013-05-26)3 member; ENVI (2011-04-06--2012-01-18)3 substitute; ECON (2009-07-16--2012-01-18)3 member; Delegation to the EU-Former Yugoslav Republic of Macedonia Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Mexico Joint Parliamentary Committee (2009-09-16--2014-06-30)3
lpv:translated text	"The financial crisis has highlighted many shortcomings in the financial system, such as ‘short selling’ and ‘credit default swaps’ (CDS). Credit default swaps are a form of financial insurance used to hedge the risks taken by the purchaser. These risks may be the bankruptcy of a company or of a state. Accentuating the speculation, CDS contributed to the bursting of the financial bubble in 2008 and led to the collapse of the US bank Lehman Brothers. However, CDS have not disappeared, and they threaten the euro area if Greece is declared to have defaulted on its sovereign debt. It is therefore imperative that the financial markets are regulated to a greater extent. As I am in favour of tighter regulation of CDS, I voted for Pascal Canfin’s report."@en1

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