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The German government is planning to ban the naked short-selling of all German stocks listed on the country’s exchanges in a sweeping enlargement of last week’s contentious bar on the naked short-selling of key financial stocks.

The move is part of a national crackdown on financial-market speculation, which Berlin thinks has gone unregulated for too long as European Union and G20 members search for agreement about new rules at an international level.

The surprise move by Berlin last Tuesday to partially ban naked short selling – the practice of selling securities such as shares and bonds that are not owned or borrowed – of 10 financial stocks, caused consternation in other European capitals, largely because of its unexpected, unilateral nature.

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