The IBEX fell another 3.5% despite banning short selling on Monday. The Italian Bourse is also collapsing despite banning short sales on Monday. The Italians should fare a little better I think, they only have about 12 fantasy euros for every real euro. The Spaniards still have about 20 fantasy euros for every real euro (after reaching a ratio of 30:1). Silly banks, they've got a lot of develeraging of their deposits/loans to go, but at least the authorities are helping the best they can :/
I was happy with the report :)
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