The stock exchange in the Greek capital Athens will open on Monday, five weeks after being closed the doors again. But there are still some restrictions in force for local traders.
This reports the company behind the Greek stock market,
Limitations
The Athens Stock Exchange (ASE) since late June closed by order of the government. This also applied to the banks. The Greek authorities, the financial sector threw locked to prevent a fall, the ailing southern European country by the massive outflow of capital abroad.
In the week before the conclusion of the Greek stock market, on Monday, June 29th, the ASE index rose 16 per cent, after a loss of 18 percent in the previous four weeks. There are always limitations.
So Greek traders may buy shares only with new money, for example from foreign funds. Transfers abroad are not yet. Foreign investors have imposed no restrictions. The intention is that the restrictions gradually be phased
third support package
The agreement between Greece and international lenders now entering a new round. One of the (crucial) lenders, the International Monetary Fund (IMF), but whether will provide this support to the third support package for Greece is still very doubtful.
According to reports in The Financial Times there is doubt about. Employees are being told the board Greece concerns them too little taking to the major problems that the country is struggling with, to deal with.
It seems that the fund’s decision on a new rescue package for itself extends . Only when agreement has been reached on a number of reforms, the IMF would like to participate in the ‘second phase’ of talks
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