About Ilias PapageorgiadisBorn in Katerini, Greece, in a family with a history of over two centuries in the trade business, Ilias Papageorgiadis is the CEO and one of the founders of MORE Real Estate Services, a Top 10 company in the Romanian real estate industry and one of the brands that represents Romania to most of the top real estate events throughout the world.
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- Back in Bucharest
- Back on track: Vacation is over…
Few days ago, on Tuesday, I had presented to you an interview of Mr Gavin Ryan, an expert in Private Equity and Venture Capital Funds. As far as I understood from your feedback, this subject was really interesting for you, as the official information about this segment is really limited. This is why I decided to address to Mr Ryan again, summing some of your questions and adding some new ones. This domain is really interesting and I think that it worths to know ... 
Looks like I had the same ideawith Chancellor Merkel (!)
On Wednesday I had analyzed to you my opinion regarding our Capitalism. I focused on what I consider the most unethical of all: The gambling with “short – selling”, when people invest without having the whole amount. I explained to you why I don’t agree with this method, as it causes major problems to billions of people around the world.
Press the link to read my analysis
Chancellor Merkel announced measures about it!
Looks like Chancellor Merkel was ready to act, while I was writing this text. On Wednesday she announced new measures against “short-selling”, which in my opinion should be valid forever.
Check the new measures, quoted by BBC:
Germany to ban some short-selling
The ban will run until April 2011
Germany is to ban so-called “naked short-selling” at its 10 most important financial institutions.
Short-sellers usually borrow shares, sell them, then buy them back when the stock falls and return them to the lender keeping the difference in price.
“Naked” short-selling occurs when a trader sells a financial instrument he has not yet borrowed.
The German ban will run from 19 May to 31 March 2011, also applying to naked credit default swaps.
Credit default swaps are financial derivatives that provide insurance for losses if a borrower goes bankrupt, and have become a lucrative trading market.
‘Desperation’
European leaders have complained that speculators used credit default swaps on Greek government debt to bet the country would default on its borrowings.
That raised pressure on the country to the point where it was forced to ask for a bail-out.
The EU had already suggested some form of regulation of naked short selling, before Germany made its move.
Analyst Michael Malpede at Easy Forex in Chicago said: “It tends to suggest desperation on the part of the German officials who want to discourage what they consider speculative attacks on euro zone financial markets.”
The German finance ministry did not specify the names of the 10 institutions covered by the ban on naked short-selling.
After the German announcement the euro extended losses against the dollar to hit a fresh four-year low below $1.22.
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