Athens Stock Exchange will start after forced break with record-Minus – tagesschau.de

Five weeks the stock exchange in Athens was forcibly closed, shareholders could neither buy nor sell. Since today is the back and investors made it clear what they think about the situation: They sold en masse, the blue-chip index broke so strong an unprecedented

After five. weeks forced closure has opened the stock exchange in Athens again and experienced an immediate slump by almost a quarter. The main Greek stock index lost after the start of trading quickly to 22 percent, bank stocks tumbled even by up to 30 percent. At the close of trading, the benchmark index recovered slightly to finished with a loss of 16.2 percent. On the markets in the rest of Europe the dramatic price fall hit hardly by

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negotiations on third aid package

The Athens Stock Exchange was closed, along with the Greek banks on June 29 to avert a collapse of the financial system. At that time was completely unclear whether the Greek government would reach an agreement with its lenders. Otherwise, a national bankruptcy and possibly also the departure from the euro could have faced. Meanwhile succeeded at least a preliminary agreement with a view to a third aid package for Greece.

The banks are now open again and if the conditions for the lifting and transfer of money eased somewhat. But still apply restrictions: So Greeks week may continue only withdraw a maximum of 420 Euro at the ATM

Experts expect recession

<. <- - MediaCon!> p class => further normalize With the opening of the stock market, the situation is “text Small”. However, this was now the first opportunity for shareholders to respond to the massive deterioration by uncertainty and capital controls economic outlook. So Experts now believe that Greece in 2015 will slide back into recession, which had left it after six years of shrinking economic output only briefly behind

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The Greek government has been negotiating for a few days with the European Union, the European Central Bank and the International Monetary Fund about new grants 82-86 billion euros over three years. The conditions should be available within two weeks

The government of Prime Minister Alexis Tsipras desperately needs fresh money -. On 20 August, they have to repay to the ECB around 3.2 billion euros. Can the government in Athens not raise the money, still threatens national bankruptcy.