After five-week shut down, Greek stocks plummet

Greece's stock market suffered heavy losses on Monday, plunging nearly 23 percent at the open before recovering slightly, after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. One fund manager described it as "herd behavior" and said few people were buying. The main Athens stock index was down more than 18 percent in midday trading after an initial plunge that was larger than any one-day loss experienced on the bourse.