Greek Stock Market Tumbles After Reopening for First Time in Weeks - NBC Connecticut
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Greek Stock Market Tumbles After Reopening for First Time in Weeks

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    Tourist stand above a huge Greek flag at the top of the Acropolis hill in Athens, Saturday, July 11, 2015. Greece's negotiators head to Brussels on Saturday armed with their reform proposals and parliamentary backing to seek a third bailout, but with the shadow of severe dissent from governing lawmakers hanging over them.

    The Athens stock exchange plunged nearly 23 percent after it reopened Monday for the first time in five weeks.

    Traders were expecting volatility on the first day back since June, when capital controls on Greek banks forced the market to close amid questions about the country's financial fate. Greek banks opened on July 20 after Greece and its lenders came to an 11th hour bailout agreement that prevented it from leaving the euro zone.

    Though some bailout details are still being worked out, the country is deemed stable enough for the stock market to reopen with some restrictions.