Greek stock market to resume next week after 1 month closure

The Greek stock market will reopen in the coming week after being closed for nearly a month ago, the Finance Ministry said Friday.

German news agency DPA reported today that the purchase of shares on the Athens Stock Market will be allowed starting Monday with the restriction that capital be brought into the country from abroad or that purchases are made in cash, according to the decision signed by Finance Minister Euclid Tsakalotos.

Capital controls were enforced in Greece back on June 29 as the country was renegotiating a new deal with its creditors. As the threat of Greece defaulting on its debt loomed bigger, the Greek administration enforced capital control to prevent capital flight. The measures included a daily bank account withdrawal limit of 60 euros.