CONSOB, the Italian securities and market regulator, banned short sales on March 17. After the corona virus pandemic subsided in the country, the ban was officially lifted.
Although it may be hard to believe A country can openly prohibit short saleshas been the norm in Europe for two months. France and Belgium, for example, also banned short sales at around the same time in March.
It was feared that markets would continue to decline irrationally given the pandemic, like the IBEX.
At the same time, Europe appears to be lifting the veto, as it has now opened the possibility of operating in Spain, France, Austria, Belgium and Greece.
The opening of the market to “normal” conditions could indicate that the financial market seems to be returning to its channels. This is very important because The financial market is working very badly with uncertainty. Still, there are many unknowns regarding Covid-19, from possible positive vaccines to prolonged detention that paralyzes the economy and production.
Italy plunged into chaos by the corona virus
The situation of COVID-19 in Italy has led to some unique economic situations. For example, BeInCrypto reported in late April that a small Italian town had started issuing its own tickets.
However, the state of emergency now seems to be coming to an end. The lifting of the short selling ban could be an indication that the markets are “normal” again.However, the country’s economic impact continues to be severe.
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