Market chaos warning as Germany bans shorting - papers

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Traders are predicting chaos on the world's second-largest government bond market after the German authorities announced a ban on all naked short-selling in European public debt, as well as shares in the country's 10 largest financial institutions.

The unprecedented step saw the euro sink to a four-year low after Germany said that, from midnight Tuesday, shorting of credit default swaps of any European government would be banned, writes the Telegraph....

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