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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (77602)	8/12/2011 7:40:08 AM
From: elmatador	1 Recommendation Respond to of 220167

EU welcomed the coordinated move by four national financial market regulators Thursday to ban short-selling The European Commission welcomed the coordinated move by four national financial market regulators Thursday to ban short-selling, a spokeswoman said Friday. "It is the first time such coordinated action was able to take place," she said. Late Thursday, the pan-European securities regulator, the European Securities and Markets Authority, announced that France, Italy, Spain and Belgium would impose restrictions on the practice of short selling--a trading strategy that pays off if stocks tumble--starting Friday. The EU executive in Brussels said, however, that more coordination would be possible if a proposed European framework on short-selling were approved. The commission proposed the framework in 2010, and said Friday it hopes the final steps could be taken so that a deal can be reached in September. -By Riva Froymovich, Dow Jones Newswires; +32 2 741 1489; riva.froymovich@dowjones.com

To: 2MAR$ who wrote (77602)	8/14/2011 12:51:46 PM
From: 2MAR$	Respond to of 220167

Italy's largest union opposes Berlusconi's new austerity package, threatens general strike finance.yahoo.com ROME (AP) -- The leader of Italy's largest union is threatening a general strike against an austerity package that Premier Silvio Berlusconi's government hastily pushed through to balance the budget by 2013 and avoid financial collapse. The threat came amid mounting criticism Sunday of the euro45.5 billion ($64.8 billion) package passed Friday in response to demands by the European Central Bank. Critics say the package -- a mix of spending cuts, job cuts and tax increases, including a "solidarity tax" for high-earners -- will strangle Italy's stagnant economy, which is now expected to grow by only about 1 percent this year. Other critics, including nine members of Berlusconi's own coalition, say it unfairly targets the middle class and fails to tackle Italy's massive tax evasion problem.