Tuesday, May 27, 2008
Profound shift in the political climate since the credit crunch began
TELEGRAPH UK: German leaders are to propose a worldwide ban on oil trading by speculators, blaming the latest spike in crude prices on manipulation by hedge funds.
Uwe Beckmeyer, transport chief for Germany's Social Democrats, said his party would call for joint measures by the G8 powers to prohibit leveraged trading on energy contracts. "It's an extreme step but it has to be done," he told the Berlin media.
Posted by chris @ 11:21 PM (124 views) Add Comment
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