Wall Street Journal (August 16)
2011/ 08/ 17 by jd in Global News
This time European leaders struck “a novel idea: Restore investor confidence by denying investors crucial price information.” Novel, but ineffective. Like many of the half-measures before the new bans on short-selling will not fix the European debt crisis. “Someday economic historians will describe Europe’s reaction to its current fiscal woes as a case study in avoiding the real problem. In the latest episode, regulators in France, Italy, Belgium and Spain decided late last week to stop the decline of European bank shares by imposing a short-selling ban on financial stocks for at least 15 days.”
Tags: Debt crisis, Europe, Investors, Short-selling