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EU’s Barnier eyes commodity speculation controls

Posted on 25 May 2011

The European Union’s executive will propose powers to cap trading by big investors to control speculation on commodities, the bloc’s official in charge of financial reform said on Tuesday.
Speaking in the European Parliament, Michel Barnier said he wanted new rules to tackle speculation in derivatives, which has been blamed for the spiraling cost of grain and other commodities……………………………………….Full Article: Source

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