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Tuesday, July 28, 2015

Greece Stock Exchanges Remain Closed Monday July 27,2015

The stock market has been closed since June 29,2015 when Athens shut its stricken banks and imposed capital controls to stem a run on deposits that threatened to collapse the tottering Greek financial system. The shutdown has put at risk the bourse's place in global securities indices.

Banks reopened last Monday July 20,2015 and Greece submitted a plan to the European Central Bank last week for an opinion before a decision was made by the Greek finance ministry which would allow the stock market to resume trading as early as possible

The Athens Stock Exchange official said Greece needed more time to finalise the details which would allow the market to reopen based on ECB's opinion.

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