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View Diary: Ban on Naked Short Selling- Good or Bad? (15 comments)

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  •  I trust the european governments to move first (1+ / 0-)
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    Deep Texan

    to clean up the wall street's worldwide menace than the americans.

    Angela Merkel today

    German Chancellor Angela Merkel has stepped up calls for tougher regulation of banks and financial markets.

    She said governments of leading nations must act together and show a "signal of strength" by tightening financial rules.

    Mrs Merkel's comments come a day after Germany angered other EU nations by acting alone in banning a type of short-selling.

    The chancellor has also warned the euro is in danger without strong action.

    At an international conference in Berlin, ahead of next month's G20 summit in Canada, Mrs Merkel set out key demands including:

    •Stricter regulation of international markets, which she said must be the "benchmark" within Europe
    •Levying a tax on financial institutions
    •EU governments to shows greater budget discipline. Nations who break rules on debt and deficit to face strict penalties including cuts in European funds and the withdrawal of voting rights
    •A co-ordinated approach to removing stimulus measures put in place to support economies
    She also called on all G20 countries to act together - even if they had not suffered problems in their own economy.

    You go girl.

    Between birthers, deathers and mouth-breathers, the gop has got 'teh crazy' and 'teh stoopid' covered.

    by amk for obama on Thu May 20, 2010 at 04:42:23 AM PDT

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