Greek regulators have announced a ban on short-selling on Greece’s stock marketin a bid to stabilise the market. Will this save the country from financial meltdown?
Global shares tumbled following rating agency Standard and Poor’sdecision to downgrade Greek debt to “junk”. This means that Greece is seen as a much riskier place to invest and increases the interest rate investors will charge the country’s government for loans.
In Greece itself, demonstrators called for the country to default on its debts, so that foreign banks would pay the price for the crisis.
Meanwhile plans to secure a bail-out for the Greek economy will continue later, with the International Monetary Fund (IMF) arriving in Berlin to urge German MPs to agree to a rescue deal.
**What is the best way to tackle the financial crisis? Should the rest of the eurozone bail out Greece? What will be the long-term impact on the European Union? Are you in Greece? **
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