Germany’s Finance Minister Wolfgang Schaeuble plans to ban short-selling on stocks and euro government bonds from midnight, Dow Jones reported on Tuesday.
DJ: “The ban of naked short-selling [which differs from short selling in that the sold shares aren’t borrowed in advance] will be valid from midnight,” Norbert Barthle, the Christian Democratic Union budget spokesman, said Tuesday.
He added that Chancellor Angela Merkel will announce the plan in her speech to the lower house of parliament Wednesday morning.”
How the German govt intends to ban these activities has yet to be revealed. But one thing is for certain, investors are starting to wonder what has changed in the last 24 hrs to institute this now.
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