Greek Short-Selling Ban Could Be Lifted Early

Greece’s market regulator said a ban on short-selling stocks could be lifted early if equities keep climbing, the government wins the next slice of European Union bailout money and banks are recapitalized.

“We are very open if things turn out positively to lift the ban even before the expiry of the three-month period,” Constantinos Botopoulos, chairman of the Hellenic Capital Market Commission, said by phone today. “We have noted the new positive developments, both in markets and in the political landscape, but it would be for us a bad moment now before the two main events” of EU funds arriving and banks being recapitalized.

Source and full story: Bloomberg, 8 Nov 2012

Tom Sullivan