EU short selling ban spreads to France, Spain, Italy and Belgium.

Supposedly advancing the objectives of the EU through ever greater restrictive measures, took a further step yesterday as panic-struck EU officialdom extended the short selling restrictions begun by Greece, read here.

France's Credit Default Swaps on 5 year bonds rose another 7% yesterday, see here.

Bloomberg published an overnight article headlined "European Banks show cost of Uncertainty" its conclusion after again calling for Eurobonds:

"It won’t be pretty, but ultimately the bloodletting will have to happen."

Bans on short selling cannot defer such a moment indefinitely.