Greece has barred short-selling of shares for two months due to extraordinary market conditions, Financial Times reports. The ban affects short selling of shares and units of exchange-traded funds (ETFs) listed on the Athens exchange, irrespective of the venue where the transaction is executed, including over-the-counter (OTC) transactions. As per the Hellenic Capital Markets Commission, the ban includes covered short sales and sales that are settled with subsequent intraday purchases. Though the ban is set to end on Oct. 7, 2011, it can be lifted sooner.
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