Greek stock market bloodbath as exchange reopens
Source: AP
By DEREK GATOPOULOS
ATHENS, Greece (AP) Greece's s stock market plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since late June to react to the country's latest economic crisis.
Bank shares suffered most, hitting or nearing the daily trading limit of a 30 percent loss. Markets in the rest of Europe, however, were largely unaffected.
The stock market and banks were closed on June 29, when the government put limits on money withdrawals and transfers to keep a run on the banks from bringing down the financial system. Greeks were panicking over the prospect that the country could fall out of the euro after its talks creditors broke down.
Greece has since then resumed talks with creditors and reopened its banks. Strict limits on cash withdrawals remain, however.
FULL story at link.
An employee of the Athens' Stock Exchange speaks on the phone in the reception hall in Athens, Greece, Monday, Aug. 3, 2015. Greece's main stock index plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since June to react to the country's latest economic crisis. (AP Photo/Yorgos Karahalis)
Read more: http://bigstory.ap.org/article/f2645d29afb24451953067655fa74868/greece-stock-market-reopens-22-percent-loss
JackInGreen
(2,975 posts)The banksters and their allies clinking glasses and toasting "TO EVIL!"
This sucks.
ananda
(28,866 posts)Evil is still on the roll in The Age of Acquiescence.
geek tragedy
(68,868 posts)Spitfire of ATJ
(32,723 posts)senz
(11,945 posts)snooper2
(30,151 posts)Fuck, they went as far left as possible, the far left even had to join the far right to have a coalition
Maybe they can get everyone to start paying their taxes now...and not expect to live half your life free from the state-
Spitfire of ATJ
(32,723 posts)grahamhgreen
(15,741 posts)alcibiades_mystery
(36,437 posts)dembotoz
(16,808 posts)Wonder how that worked out for them