Roesler Calls for Further Action on Short-Selling, Welt Reports
German Economy Minister Philipp Roesler welcomed a short-selling ban in several countries in the European Union, while calling for similar action among other G-7 countries, Welt am Sonntag reported, citing an interview.
Short-selling should be on the agenda of the next World Economic Forum, he told the German newspaper.
Belgium, France, Italy and Spain imposed short-selling bans yesterday in an attempt to stabilize markets. The G7 nations, in addition to France and Italy, are Germany, Japan, Canada, the U.S. and the U.K.
Roesler also said he was against the introduction of euro bonds and wanted to develop alternatives, Welt am Sonntag reported. The German minister suggested the introduction of a debt brake in every country in the euro zone to strengthen the EU stability pact, the newspaper said.
To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net
To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net
Rate this Page