Spain blocked short-selling of shares

Spain's market regulator banned short-selling of shares for three months, in order to limit price moves after the markets declined dramatically on heightened worries about Spanish economy.   Meanwhile, Italy has also blocked short-selling for one week period. Spain's finance minister denied the possibility that country may claim for a full bailout, but the effect was opposite. The yield on country's 10-year bonds rocketed to  a new high of 7.56%.