Greece set to lift short selling ban
27 August 2010 Athens
Image: Shutterstock
The Greek regulator has said it will lift the ban on short selling, according to the head of the Athens Stock Exchange.
Spyros Capralos, chief executive of Hellenic Exchanges, told Reuters the ban will be lifted from September 1. Naked short selling will remain forbidden.
Greece has been hardest-hit so far of the Euro countries by the recession, and there were fears that the country would default on its debts. The short selling ban was introduced on April 28 and was due to expire on June 28, but was extended until the end of this month.
Spyros Capralos, chief executive of Hellenic Exchanges, told Reuters the ban will be lifted from September 1. Naked short selling will remain forbidden.
Greece has been hardest-hit so far of the Euro countries by the recession, and there were fears that the country would default on its debts. The short selling ban was introduced on April 28 and was due to expire on June 28, but was extended until the end of this month.
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