German "Reform" About To Whack FX Market: FinMin Says Likely To Ban EUR Derivatives That Don't Hedge vs FX Risk

The latest bombshell: German Finance Ministry now saying it will likely Ban EUR derivatives that don't hedge against FX risk. And good luck quantifying what FX risk is legally allowed to be hedged. Look for the EURUSD market not to plunge, but to simply shut down as a result of this. Europe is about to isolate itself from capital markets entirely.