EU governments aim to reduce speculation on sovereign defaults

02/22/2012 | Wall Street Journal, The · Bloomberg

EU governments are supporting rules that would rein in trading of certain credit default swaps and limit short selling as they tackle speculation on sovereign-debt defaults. The legislation "introduces common EU transparency requirements and harmonizes the powers that regulators may use in exceptional situations where there is a serious threat to financial stability," according to the Council of the EU.

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Wall Street Journal, The · Bloomberg

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