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The La Vanguardia headline highlights a range of measures that have been introduced to reduce the turmoil on European markets. At the same time, notes the daily, news that Nicolas Sarkozy and Angela Merkel are to meet on Tuesday 16 August "to renew the initiative for the euro" had a positive calming effect on the markets, as did a decision to impose a two-week ban on short selling adopted by Belgium, Spain, France and Italy, and announced by the European Securities and markets Authority (ESMA).
The Barcelona daily heartily approves of the ban, which may be extended if necessary, and deplores the “devastating impact” of short selling in falling markets, citing a recent “warning” to this effect in the ECB’s August bulletin.
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