August 12, 2011 / 10:05 AM / 8 years ago

France will combat market speculation - minister

PARIS, Aug 12 (Reuters) - The French government is committed to ensuring financial stability, fighting speculation and avoiding market abuses, French Finance Minister Francois Baroin said in a statement on Friday.

The European market regulator ESMA said late on Thursday that France, Italy, Spain and Belgium were banning short-selling of stocks from Friday after a renewed bout of rumour-driven share price plunges this week in financial markets unsettled by the region’s sovereign debt difficulties.

Baroin welcomed the move in a statement that also said: “Francois Baroin highlights the government’s commitment to ensuring financial stability, avoiding market abuses and fighting against all forms of speculation.”

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