Sweden warns on short selling ban
24 March 2011 Stockholm
Image: Shutterstock
The head of Sweden's National Debt Office has sounded a note of caution on the EU's proposals to ban naked short selling.
Bo Lundgren said the plans could cause problems for smaller countries who need to fund their national debts, and called on the EU to reconsider its approach.
“Too often - I know as I was once a politician - politicians are a bit shortsighted and don’t take analysis to heart,” Lundgren told Bloomberg.
Sweden is just one of several countries that have expressed concern about proposed plans. Many countries have warned that any changes could have negative consequences for the markets.
Bo Lundgren said the plans could cause problems for smaller countries who need to fund their national debts, and called on the EU to reconsider its approach.
“Too often - I know as I was once a politician - politicians are a bit shortsighted and don’t take analysis to heart,” Lundgren told Bloomberg.
Sweden is just one of several countries that have expressed concern about proposed plans. Many countries have warned that any changes could have negative consequences for the markets.
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