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Europe Daily Bulletin No. 10412

6 July 2011
GENERAL NEWS / (ae) ep/finance
MEPs want to ban speculative CDS

Brussels, 05/07/2011 (Agence Europe) - The European Parliament has adopted the wish of its competent parliamentary committee to ban hedging contracts against the risk of default of an issuer of sovereign debt (sovereign CDS) when they are used for solely speculative purposes. “The Parliament has just demonstrated to the Council its determination to put an end to speculation on sovereign debt in Europe”, said Pascal Canfin (Greens/EFA, France), in a press release issued on Tuesday5 July....

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