Friday, July 31, 2015

Greece: Athens Stock Exchange reopens Monday after five weeks of closure – Challenges.fr

Athens (AFP) – The Athens Stock Exchange will reopen Monday after five weeks of consecutive closing the establishment by the Greek Government to control capital, told AFP a source of the Greek Ministry of Finance .

“The ministerial decision to reopen the Athens Stock Exchange was signed,” the source said.

According to the trade press, the resumption of operations, interrupted since 26 June will be accompanied by restrictions on investors based in Greece, as is the case for Greek investors with bank withdrawals and transfers abroad remain limited despite the reopening of banks.

ministerial decree to be published Friday detailing the modalities for restarting the exchange. A meeting of the Capital Commission will also be held to prepare the meeting, do we learned from this institution.

The reopening of the Athens Stock Exchange was expected this week, but a series of problems Technical was delayed, according to the release.

The ATHEX index of Athenian place had closed at 797.52 point June 26, the date of the last meeting. On the night of June 26 to 27, Prime Minister Alexis Tsipras had caused a political earthquake in announcing the organization of a referendum in Greece, hoping to break the stalemate in negotiations with the country’s creditors submitting their offer of financing agreement with the opinion of Greek voters

This decision had caused panic investors who rushed to ATMs to withdraw money, exacerbating a slow hemorrhage manifests deposits since December 2014.

Faced with the risk of a collapse of the banks, the government had decreed capital controls and the closing of both the banks and the stock exchange. The bank reopened July 20

LikeTweet

No comments:

Post a Comment