Greek Financial Markets to Reopen After Five-Week Shutdown
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Greece’s financial markets will reopen on Monday, ending a five-week suspension that began after the country imposed capital controls amid a confrontation with creditors.
Greek traders will be able to buy stocks, bonds, derivatives and warrants only if they use new money such as funds transferred from abroad, cash-only deposits, money earned from the future sale of shares or from existing investment account balances held at Greek brokerages, the Finance Ministry said in a decree on Friday. Foreign investors will be excluded from all restrictions, provided that they were already active in trading before the imposition of capital controls last month.