Commission to back curbs on credit default swaps

Article reports that the European Commission is to propose measures during 2010 to tackle speculative trading, notably in relation to credit default swaps on sovereign debt - the financial instrument of choice for those who take bets against European governments, most recently in Greece.

ESO: Background information: The truth about speculators: they are doing God’s work http://www.europeansources.info/record/the-truth-about-speculators-they-are-doing-gods-work/

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