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Brussels Contemplates Outlawing Short Selling on European Bank Stocks

Sunday, October 23, 2016 4:09
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EU Parliament / by Martin Armstrong / Oct 23, 2016

The European banks are in much worse shape than their US competition. The reason being argued in Europe is that the US government imposed a ban on speculation after the financial crisis. However, that was imposed on September 19, 2008, and it ended on October 9, 2008. But some Europeans claim that is why US banks survived and want to outlaw short selling on banks stocks in Europe. The problem with this proposal running around behind the curtain is that Brussels would lead, not to short selling, but wholesale liquidation. They would have to suspend all trading, period. The problem is that it would not last for more than one month, as was the case in the United States. This would only destroy confidence in Europe altogether.

Armstrong Economics

The post Brussels Contemplates Outlawing Short Selling on European Bank Stocks appeared first on Silver For The People.


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