Greek market plunges 23% as it reopens after five weeks

Anna Fedorova

The Greek market has dropped 23% this morning as it reopened after a five week shutdown, implemented while the country battled to remain in the eurozone.

The main Athens Stock Exchange saw its worst ever one day fall just minutes after opening for the first time in five weeks this morning. Banks and other financials were hit the hardest of all sectors, falling by nearly a third, as investors rushed to withdraw money. Shares in the National Bank of Greece, the country's largest commercial bank, dropped by 30%, and the overall banking index was also down by the same amount, Reuters reports. Should Germany, not Greece, leave the eurozone? Trading on the Athens Stock Exchange was suspended in late June as a capital controls measur...

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