Athens to reopen its stock market after ECB approval
The Greek stock market will reopen this week, after receiving approval from the European Central Bank (ECB), Greek officials confirmed on Tuesday.
"The commission will convene tomorrow morning to decide if the Athens Stock Exchange will reopen on Wednesday or Thursday," the chairman of Hellenic Capital Market Commission (HCMC) Konstantinos Botopoulos told Reuters.
The reopening will come after Greece submitted two plans to the ECB on Monday. It approved a plan with limits on banks, fearing that Greek investors would withdraw money from deposits to change it into bonds and securities, which would put the country at risk of further collapse.
The country's stock market has been closed since 29 June, while its banks reopened on 20 July after remaining shut for three weeks, although capital controls remained in place.
Read more: Greek banks reopen but capital controls still in place
Greece's international creditors visited Athens on Monday to start the negotiations for a €86bn bailout, after the country reached and agreement with its lenders on 13 July.
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