Greek Stock Market to Reopen on Monday

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.

Costas Botopoulos, the head of the Hellenic Capital Market Commission, told CNBC on Friday that the exchange would open on Monday August 3.

One possible caveat is that the Greek finance ministry needs to agree to the decision in writing. However, all relevant parties are working towards this, Botopoulos told CNBC.

The Greek government has begun talks with its international creditors in the hope of agreeing a third bailout for the country. This comes after a referendum in Greece on tough austerity reforms and a debt default on the money it owed the International Monetary Fund.

In addition to stock markets, Greek banks were closed for three weeks, but then reopened on July 20.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza