Monday, August 3, 2015

Greek Stock Exchange opens with 23% drop – Televisa News

ATHENS, Greece, Aug. 3 Bag 2015.- Greece fell sharply on Monday after being closed for five weeks under strict capital controls imposed by the government in Athens to stem the outflow of euros the country.

The main index It fell nearly 23 percent in early trading. The National Bank of Greece, the country’s largest commercial lender, slumped 30 percent, the daily limit.

The general banking index also marked its limit down.

is an expected drop in the stock market and other analysts, due to the conditions of the economy and the financial system of the southern European country.

Part of the decline was due to the controls imposed to the financial system, same that prevent the purchase and sale of stock shares freely as was done until the last Friday in June.

Before the restart, the stock market Greek accumulated a loss of 85 percent since 2007, recalled Ekathimerini daily.

The closing of the trading began on June 29, when the Greek government imposed controls on capital movements, which now hinder trading, and closed banks.

tfo

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