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Greek stocks tanked as trading resumed for the first time in more than a month

An employee of the Athens' Stock Exchange stands behind a reception desk in Athens, Greece.
AP Photo/Yorgos Karahalis
Back in business.
By Melvin Backman
Published Last updated This article is more than 2 years old.

Surprising nobody, Greek stocks tanked in their first day of trading since late June. But the chart is still a sight to behold.

The ATHEX index lost a fifth of its value at the open. Although prices rose a bit from those depths as the session wore on, August already has ensured its place in what’s been an extremely erratic year for Greek stocks.

To be fair, there’s been a lot of information for the market to digest since the end of June, when the government shut down the stock market as it sought to stem an all-out financial panic. Since then, the ruling Syriza party has struck a deal with Greece’s euro zone creditors, and new austerity measures are taking hold.

For even more of Quartz’s coverage on the Greek debt crisis, click here and start scrolling…

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