Greek central bank hit by short claims

A former European Commissioner, Vasso Papandreou, accused Greece’s central bank May 2010 of encouraging naked short selling of Greek bonds by altering the regulations on its electronic bond trading platform in 2009.

In April 2010 the Bank of Greece reversed these decisions after a Greek newspaper revealed details of much increased short selling and large numbers of unsettled transactions.

ESO: Background information: Berlin makes shock move without allies http://www.europeansources.info/record/berlin-makes-shock-move-without-allies/

ESO: Background information: The Greek debt crisis of 2010 http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

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