Banning Short Selling = Eurozone Crisis

BBC News: Reports that Italy, France, Spain and Belgium have banned short selling of shares, this means selling shares you don’t have at a high and buying them at a low to complete the contract. This move was done to protect the banks of France and Italy, as a recent Daily Mail article noted the major banks in these Countries are under threat due to the sovereign debt default of Greece, this move in tactical folks, the strategic problem still exists, that is the major dark cloud of debt in Italy and Greece, Greece has had to be bailed out twice at the cost of multi billion euros, while Italy in effect has seen its Budget process take over by the European Central Bank, the ECB has demanded that Italy bring forward its Austerity packages, lets see if they do and it works. The DEBT mountain wont go away folks, in less the EU gets the fact that the social model for the 21 Century cant be the same as the 20th Century then it will fail, sooner or later, and it will be sooner when the tax payer in either France or Germany say NO. Then its over folks.