Because The Financial Short Ban Was Not Enough, Europe To Proceed With CDS Short Selling Ban Imminently, Accelerate Terminal Unwind

Just because Europe did not learn any lessons with the financial shorting ban which made everything much worse, here comes this via Bloomberg...

EU LAW TO BAN NAKED SOVEREIGN CREDIT DEFAULT SWAPS WITH COUNTRY OPT-OUT IF RISK TO SOVEREIGN DEBT MARKET -- EU SOURCES
EU SAID TO BE CLOSE TO DEAL FOR CURBS ON NAKED SOVEREIGN CDS
NAKED SOV. CDS DISCUSSIONS PART OF TALKS ON SHORT-SELLING LAW
SCHAEUBLE SAYS COSTS OF NAKED SHORT SELLING OUTWEIGH BENEFITS

This means that cash Sovereign bonds are

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