Tuesday, May 18, 2010

What's Up In Euroland?

Hans Palmstierna emails:
Is a European country about to declare bankruptcy, or go through debt restructuring tomorrow? Did someone just buy time to break up the whole currency union? Or is this just a weird coincidence for us conspiratory people to drool over?

"From midnight today there will be a ban on naked short selling of certain stocks and euro government bonds," a source told Reuters. No further details were immediately available. German coalition sources told Reuters earlier that Finance Minister Wolfgang Schaeuble plans to ban short-selling from midnight. Economy Minister Rainer Bruederele told Reuters that it was possible the short-selling ban would be quickly enacted."- from Reuters

1 comment:

  1. I don't understand. Is this a ban on short selling (bad) or naked short selling (good)?