Greek stock market opens 23 percent down after 5-week shutdown

Greece’s stock market fell sharply on Monday after being shut down for 5 weeks under capital controls imposed by the government in Athens to stop a flight of euros from the country.

Greece’s stock market fell sharply on Monday after being shut down for 5 weeks under capital controls imposed by the government in Athens to stop a flight of euros from the country.

The main index .ATG was down nearly 23 percent in early trading. National Bank of Greece (NBGr.AT), the country’s largest commercial bank, was down 30 percent, the daily limit.

The overall banking index .FTATBNK was also down its limit.

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Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

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