Greece's Government announced that the Athens Stock Exchange will reopen on Monday, a big step toward normalcy as talks with international creditors shifted into high gear. The exchange has been closed since June 29, when the Government imposed capital controls to stop a banking collapse.
Finance Minister Euclid on Tsakalotos inked the order Friday that also includes curbs for Greece-based traders for an unspecified time period. A 60 euro limit on cash machines withdrawal will remain in place.
Tsakalotos met with lead negotiators from the European Union and IMF to start negotiations for a third bailout worth 85 billion euros ($93 billion), following several days of preparatory meetings between lower-level officials on reforming the tax system and labor market regulations.