Greek stock market to reopen Monday after five-week shutdown

In addition to stock markets, Greek banks were closed for three weeks, but then reopened on July 20. The bourse’s reopening has been delayed several times this week.

A worker at the Athens Stock Exchange stands in the reception hall as an electronic board displays stock prices.

The exchange has been closed since 29 June, when the government imposed strict capital controls limiting people to withdrawals of €60.

The Finance Ministry cleared the way for the exchange to resume operations by issuing a decree setting out new trading rules for local investors.

The stock exchange in Athens is set to reopen next week after a closure of more than a month, amid tough bailout negotiations for the debt-stricken country. The report said Greek banks need to resolve some IT problems, with those problems tied to restrictions that prevent local investors from using bank deposits to buy securities.

Traders said on Friday, however, they were optimistic the stock exchange would reopen sometime next week.

Restrictions on trading, which will require “fresh” capital, do not apply to foreigners.