Sunday, 13 June 2010

Now, they want to intervene in CDS market

June 9 (Bloomberg) -- French President Nicolas Sarkozy and German counterpart Angela Merkel said in a joint letter to European Commission President Jose Manuel Barroso that there is an urgent need for action on the sovereign credit-default swap market and on short-selling.

The European Commission should present possible alternatives by the end of July, they wrote in the letter.

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