“In some ways, it’s a battle of the politicians against the markets” and “I’m determined to win,” Merkel said May 6. “The speculators are our adversaries.”I think I remember some blogger or financial commentator who was nominally a libertarian talking about how Angela Merkel and the Germans "get it" and wouldn't do anything too drastic. Whoever that person was, I guess they were wrong. Not sure why that should be a surprise given that Angela Merkel is a long-time, youth-indoctrinated East German socialist.
Germany's BaFin regulatory agency is also in on the NPL:
“Massive” short-selling was leading to excessive price movements which “could endanger the stability of the entire financial system,” BaFin said in the statement.The war on reality continues, with more devastating consequences sure to follow.
More on Germany's short ban at Bloomberg.com.