A Greek flag flutters outside the Athens stock exchange , Greece, July 27, 2015. REUTERS/Ronen Zvulun
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The Greek stock market will reopen Wednesday or Thursday after a monthlong shutdown but with restrictions on trading by local investors at the request of the European Central Bank, the Greek securities regulator chairman told Reuters Tuesday.Greece Tuesday gained the European Central Bank's approval to reopen its stock market with no restrictions for foreign investors but with limitations for the local ones.Greek regulators Monday offered the ECB two plans for the reopening: one allowing unrestricted trading, the same as proposed last week, and a second that imposed restrictions on trading by Greek investors to prevent capital fleeing banks, sources said earlier.The European Securities and Markets Authority said a ban on the short selling of Greek shares, as requested by the Greek securities regulator, would remain in place.
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