Greece, the ECB rejects the re-opening of the stock market without restrictions – The Messenger

The ECB has rejected the proposal of the Greek authorities to reopen the stock market without restrictions for Greek and foreign traders. He said in a Bloomberg spokesman Hellenic Stock Exchange. Now expects a decision of the Minister of Finance to introduce restrictions and it is unlikely that trade can resume tomorrow.

In the next hours, Bloomberg writes, it is expected that a ministerial decree indicates some restrictions on the use of money from the accounts Greek bank to trade on the financial markets, restrictions which should be temporary. The Athens Stock Exchange is closed since last June 29, coinciding with the closure of banks, meanwhile, they have however resumed activities for a week.

This weekend, in fact, did not bring good news. Athens hoped the opportunity to reopen the stock market. It would be another sign of a return to normality after the easing of the measures for the use of cash and the reopening of banks.

Meanwhile, negotiations with the institutional creditors, who are on standby Friday, may not resume tomorrow, but only Tuesday. Technical problems they would be slowing down the start of the third round with creditors – the EU, the ECB, the ESM and the IMF – to save the country from default. No problem of a political and diplomatic, was quick to point out a source of finance minister. The contacts are but “the way in which the negotiation must take place – said the Minister of Labour greek Giorgios Katrougalos speaking on Skai television – is still under discussion with the government.”

The node? The representatives of the creditors –

detested by most Greeks – would not have found a home from them considered “safe” in which to hold the talks. According to rumors, the meetings would resume Tuesday. And of course time is running out. The ECB has made it clear, for voice of Christian Noyer, to expect the signing of the memorandum between Athens and creditors “for 11 August.” But the real dead line is that on August 20, when they will be returned 3.2 billion to the European Central Bank.

 26 July 2015 20:23 – Last Updated: 21:48

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