{"id":4386,"date":"2010-05-23T05:00:09","date_gmt":"2010-05-23T03:00:09","guid":{"rendered":"http:\/\/http:\/\/www.iliaspapageorgiadis.ro\/en\/?p=4386"},"modified":"2015-01-26T20:04:56","modified_gmt":"2015-01-26T18:04:56","slug":"looks-like-i-had-the-same-ideawith-chancellor-merkel","status":"publish","type":"post","link":"http:\/\/www.iliaspapageorgiadis.ro\/english\/2010\/05\/23\/looks-like-i-had-the-same-ideawith-chancellor-merkel\/","title":{"rendered":"Looks like I had the same idea as Chancellor Merkel (!)"},"content":{"rendered":"<p style=\"text-align: left\">\n\tOn 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 &quot;short &#8211; selling&quot;, when people invest without having the whole amount. I explained to you why I don&#039;t agree with this method, as it causes major problems to billions of people around the world.<br \/>\n\t<a href=\"http:\/\/www.iliaspapageorgiadis.ro\/en\/2010\/05\/19\/5-questions-regarding-our-capitalism-is-it-the-one-we-wanted-to-live-in\/\" target=\"_blank\"><strong>Press the link to read my analysis<\/strong><\/a><a href=\"http:\/\/www.iliaspapageorgiadis.ro\/en\/5-questions-regarding-our-capitalism-is-it-the-one-we-wanted-to-live-in\/\"> <\/a>\n<\/p>\n<p style=\"text-align: justify\">\n\t<strong>Chancellor Merkel announced measures about it!<\/strong><br \/>\n\tLooks like Chancellor Merkel was ready to act, while I was writing this text. On Wednesday she announced new measures against &quot;short-selling&quot;, which in my opinion should be valid forever.<!--more-->\n<\/p>\n<p style=\"text-align: justify\">\n\t<strong>Check the new measures, quoted by BBC:<\/strong>\n<\/p>\n<p style=\"text-align: justify\">\n\t<strong>Germany<\/strong><strong> to ban some short-selling<\/strong>\n<\/p>\n<p style=\"text-align: justify\">\n\tThe ban will run until April 2011\n<\/p>\n<p style=\"text-align: justify\">\n\tGermany is to ban so-called &quot;naked short-selling&quot; at its 10 most important financial institutions.\n<\/p>\n<p style=\"text-align: justify\">\n\tShort-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.\n<\/p>\n<p style=\"text-align: justify\">\n\t&quot;Naked&quot; short-selling occurs when a trader sells a financial instrument he has not yet borrowed.\n<\/p>\n<p style=\"text-align: justify\">\n\tThe German ban will run from 19 May to 31 March 2011, also applying to naked credit default swaps.\n<\/p>\n<p style=\"text-align: justify\">\n\tCredit default swaps are financial derivatives that provide insurance for losses if a borrower goes bankrupt, and have become a lucrative trading market.\n<\/p>\n<p style=\"text-align: justify\">\n\t&#039;Desperation&#039;\n<\/p>\n<p style=\"text-align: justify\">\n\tEuropean leaders have complained that speculators used credit default swaps on Greek government debt to bet the country would default on its borrowings.\n<\/p>\n<p style=\"text-align: justify\">\n\tThat raised pressure on the country to the point where it was forced to ask for a bail-out.\n<\/p>\n<p style=\"text-align: justify\">\n\tThe EU had already suggested some form of regulation of naked short selling, before Germany made its move.\n<\/p>\n<p style=\"text-align: justify\">\n\tAnalyst Michael Malpede at Easy Forex in Chicago said: &quot;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.&quot;\n<\/p>\n<p style=\"text-align: justify\">\n\tThe German finance ministry did not specify the names of the 10 institutions covered by the ban on naked short-selling.\n<\/p>\n<p style=\"text-align: justify\">\n\tAfter the German announcement the euro extended losses against the dollar to hit a fresh four-year low below $1.22.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &quot;short &#8211; selling&quot;, when people invest without having the whole amount. I explained to you why I don&#039;t agree with this method, as it causes major problems to billions [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":59454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[216,205,17,204,236],"tags":[],"_links":{"self":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/4386"}],"collection":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/comments?post=4386"}],"version-history":[{"count":0,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/posts\/4386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/media\/59454"}],"wp:attachment":[{"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/media?parent=4386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/categories?post=4386"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.iliaspapageorgiadis.ro\/english\/wp-json\/wp\/v2\/tags?post=4386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}