An employee of the Athens' Stock Exchange speaks on the phone in the reception hall in Athens, Greece, Monday, Aug. 3, 2015. (AP Photo/Yorgos Karahalis)
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Greece's stock market closed with heavy losses Monday after a five-week shutdown brought on by fears the country was about to be dumped from the eurozone.Bank shares plummeted 30 percent before loss limits kicked in to stop investors selling any more. Banking shares, which make up about 20 percent of the Greece index, were particularly hard hit.All five shares comprising the index – National Bank of Greece, Alpha Bank, Piraeus Bank, Attica Bank and Eurobank – were locked down for much of the session at the limit with no buyers.The banks have been propped up by emergency money from the European Central Bank.Of this, the newspaper said, 10 billion euros was earmarked for an initial recapitalization of Greek banks, 7.16 billion euros to repay an emergency bridge loan and 3.2 billion euros to repay Greek bonds held by the European Central Bank and others.
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