Tuesday, 28 July 2015

Green light for Athens Stock Exchange


European Central Bank approved a plan to restart work on the Athens Stock Exchange.
ECB gave its approval for resumption of trade in the Greek capital market, reported Reuters.
However, this will happen under strict restrictions on the movement of capital which are also applied  the Greek banks.
Share trading in Athens will be resumed after the Greek finance ministry issue a decree. This is even possible to happen this week.
Exchange is closed from June 29 onwards, as shares of the companies were subject to massive sales. The fall of stock indices in Athens carried serious losses for Greek banks.

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