Athens stock market may reopen Tuesday: reports

Trading at the Athens Stock Exchange may reopen Tuesday, according to local media reports on Monday. The European Central Bank has demanded limitations on trading to reduce the risk of significant losses, according to Greek daily Kathimerini, citing unnamed sources. Restrictions will stay in place for about a week before a reassessment of the situation, according to ANA-MPA news agency. Foreign investors are expected to be allowed unlimited transactions, said Kathimerini. Trading in Athens was shut June 29 as bailout talks between Greece and its creditors hit an impasse. The benchmark Athex Composite [gr: gd] was down 2.3% for the year before the shutdown.

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From:: Stock Market News

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