Filed under: International Markets, Headline News, Financial Crisis, CurrencyEvents are moving rapidly in the EU, led by Prime Minister Merkel of Germany and Nicholas Sarkozy of France who are pushing the EU to regulate or ban outright credit default swaps on sovereign debt.Jose Manuel Barroso, EU President, said he would ban speculative derivatives trades outright. CDS trading is a $40 trillion dollar global market which insures corporate and government debt.Continue reading EU Considers Ban on Credit Default SwapsEU Considers Ban on Credit Default Swaps originally appeared on BloggingStocks on Tue, 09 Mar 2010 14:20:00 EST. Please see our terms for use of feeds.Read | Permalink | Email this | Comments