Italy's Berlusconi backs ban of futures markets

Quote from Billy Thunder:

ROME, Sept 29 (Reuters) - Italian Prime Minister Silvio Berlusconi said on Tuesday futures' markets should be heavily regulated and possibly even scrapped altogether to fight speculation.

"I myself put this issue on the table at the G8, G14 and last week at the G20," Berlusconi told a TV talk show, adding that the International Organisation of Securities Commissions (IOSCO) was looking into the matter.

"We have given a mandate to IOSCO to look at the futures markets with the aim of regulating them and, above all, perhaps even banning them," he said.

He mentioned oil, steel, copper and food commodities as examples of markets where speculation played a heavy role.
http://in.reuters.com/article/oilRpt/idINLT36666420090929
More...

Italy and Spain, consequently, are two of the laziest countries in the EU. I wonder why both of their economies are at the top of the Euro Zone economic shit list? Ban futures?? What a joke.
 
Quote from circadian:

Italy and Spain, consequently, are two of the laziest countries in the EU. I wonder why both of their economies are at the top of the Euro Zone economic shit list? Ban futures?? What a joke.
More...

You sir are the joke.

The italian people are probably amongst those in the best financial condition of the entire 'industrialised first world' as they have a very low debt level compared to the rest of europe let's not even talk about the US.

Same goes for Japan.

Country broke, people rich.

US: Country broke, people broke?

(Except those rich Americans posting on ET ofcourse.)
 
Quote from Debaser82:

You sir are the joke.

The italian people are probably amongst those in the best financial condition of the entire 'industrialised first world' as they have a very low debt level compared to the rest of europe let's not even talk about the US.

Same goes for Japan.

Country broke, people rich.

US: Country broke, people broke?

(Except those rich Americans posting on ET ofcourse.)
More...

Hmmmm...Italy looks like it's the thin, porous membrane separating modern Europe from uni-browed, second-hand-Adidas-jumpsuit-wearing, goat milking Slavs. I'm sure there is a direct correlation with nationally-scheduled afternoon nap times and laziness, but what do I know...I'm the joke.

http://www.globalpropertyguide.com/Europe/Italy/gdp-per-capita

Ban futures? GTFOut.
 
Quote from Thunderdog:

Banning? I think that's just a knee-jerk reaction, with emphasis on the jerk part. Unregulated, over the counter derivatives require a good looking into, though.
More...

Translated:

"Don't take mine - take his."
 
You must log in or register to reply here.
Back
Top