Germany’s unilateral war with speculators
Yesterday Germany took by surprise the EU partners, prohibiting for indefinite term,the speculative practices of “short selling (short selling of securities) in government bonds.
Berlin said that the ban applied to domestic transactions, comes as a result of an “extraordinary volatility of Eurozone government bonds.
Massive transactions such as “short selling” threaten the stability of the German financial system, officials added, quoted by Reuters.
The unilaterally open war speculators had yesterday with Germany had two effects.
On the one hand, European stock markets have dropped substantially, on the other hand the euro fell to a new minimum in the last four years, against the dollar
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