Germany's extended short-selling ban highlights rift with France

06/3/2010 | Wall Street Journal, The

Germany's ban on short sales of certain securities surprised France when it was announced. Germany is extending the ban, and France said it will not follow its neighbour's lead. The countries are also disagreeing on bank-levy proposals, with France siding with the idea of using proceeds for general budget purposes and Germany favouring the creation of a bank-rescue fund. The divergence highlights difficulties faced by EU leaders in trying to maintain a united front ahead of the Group of 20 meeting this week, according to The Wall Street Journal.

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Wall Street Journal, The

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