Greek stock exchange 'may reopen on Tuesday'

The Greek stock exchange might reopen on Tuesday after a one-month shutdown, an official source has told Reuters.

"It's certain that it will not open on Monday, maybe on Tuesday, the source said.

The stock market was closed when Athens shut its stricken banks and imposed capital controls to avoid a collapse of its banking system after the country rejected a cash-for-reforms deal in its referendum.

Banks reopened last Monday and Greece submitted a proposal to the European Central Bank last week ahead of a decision by the Greek finance ministry which would allow the stock market to resume trading as early as Monday.