French President Nicolas Sarkozy and German Chancellor Angela Merkel have urged Brussels to speed up proposals for tougher regulation of certain financial products and trading practices.
In a two-page letter to European Commission President Jose Manuel Barroso, dated 8 June, the two leaders ask the EU executive to come forward with plans to clamp down on naked short-selling and Credit Default Swaps (CDSs) by the middle of next month, rather than October as originally planned.
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