Friday 7/31: After month away, Greek exchange to reopen Monday
After five weeks of closure, the Athens stock exchange will reopen on Monday, after what seems like a geological time frame's worth of developments in Greek solvency.
After the government's compromise with creditors, investors say it will take some time, likely months, before the companies there can raise money internationally.
“The Greek crisis has had an adverse impact on all sectors of the economy,” said Apostolos Gkoutzinis of law firm Shearman & Sterling.
The Luxembourg stock exchange lifted a suspension on trading of Greek bonds a week ago.
GREK +2.6% today, though still down 21.7% over the past three months. The National Bank of Greece (NYSE:NBG) gained 6% today (and is down 19.9% over the past month).
Pray for A Pain Free Day!
