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Merkel to announce short-selling ban -coalition source

Tue May 18, 2010 1:03pm EDT

BERLIN, May 18 (Reuters) - Chancellor Angela Merkel plans to announce Germany's ban on short-selling on Wednesday, a coalition source told Reuters on Tuesday.

Bonds

Another source said earlier that Germany would ban naked short-selling on certain stocks and euro government bonds from midnight.

"From midnight today there will be a ban on naked short selling of certain stocks and euro government bonds," a source told Reuters. No further details were immediately available.

Economy Minister Rainer Bruederele told Reuters that it was possible the short-selling ban would be quickly enacted.

No other details were immediately available.

(Reporting by Gernot Heller, Alexander Ratz, Holger Hansen, Andreas Rinke and Thorsten Severin; w

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