Tuesday, May 25, 2010

Next round in a fight that won't end without a knock-out

May 25 (Bloomberg) -- Germany’s Finance Ministry proposed legislation extending a ban on naked short selling adopted last week to all German stocks and certain euro currency derivatives.
The plan would ban naked short selling in stocks off all German companies listed on a domestic exchange and would also outlaw naked credit default swaps of some euro-zone bonds as well as certain euro currency derivatives, the ministry said in draft legislation distributed to banks and industry groups.
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