金融市场

GERMAN CURBS RAISE TENSIONS IN EUROPE

Europe's leaders scrambled to restore unity in the face of the sovereign debt crisis after Germany dismayed allies with a unilateral ban on naked short selling.

The ban, introduced with no warning to other European nations, knocked global stock markets yesterday and sent the euro tumbling to fresh four-year lows against the dollar.

An unrepentant Angela Merkel, German chancellor, told parliament in Berlin that the eurozone crisis was the EU's greatest test since the 1957 Treaty of Rome.

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