Losses due as Greek stock market reopens

Greek traders have said they expect a torrid day of losses when the Athens stock market opens today after being shut for five weeks as part of attempts to stop Greece’s financial collapse.

A combination of pent-up trading, worries about the future, and Greece’s worsening economy could knock 20% or more off the Athens General Index today, they said.

Trading of Greek assets in the US over the period the bourse has been closed suggests the same.