On the 3rd of August financial markets are starting to proceed with their work that was stopped since June, 29, due to aggravation of the debt crisis in Greece.
Greece financial markets will be be functioning with some restrictions. Certain limitations will be specified at the disposal of the Ministry of Finance, that will be published in the Official Gazette.
In particular, on Monday, Athens Stock Exchange, whose AXE index is included into index of developing countries calculated by MSCI, will be opened. Earlier, index operator informed that in case trading not to be renewed until August, 21, or in case there appear significant restrictions, then AXE index revision procedure may be initiated in order to remove the index from general MSCI Emerging Markets indicator.
Since June, 29, index fund tied to the Greek index and traded in the US has fallen by 18%.
Looking back, Eurozone leaders have achieved an agreement on Greece on the 13th of July.
According to German Chancellor Angela Merkel, the helping program provides allocation of aid to Greece in the amount of 82-86 billion Euro within three years.