The Athens Stock Exchange is due to open next week, according to Capital Market Commission president Konstantinos Botopoulos in a television interview with the national broadcaster ERT.

Botopoulos said the goal was for the bourse to reopen on Monday, adding that a ministerial decision must first be signed after resolving technical glitches with banks’ IT systems. He said adjustments must be made to institute limitations in share trading for Greek investors — another toxic result of capital controls ordered by the Greek government earlier in the month in tandem with a “bank holiday”.

Banks needed a few more days to resolve the problem and noted that pilot testing will be made during the weekend ahead of a final decision to reopen the stock exchange.

He stressed that the European Central Bank was concerned that a reopening of the Athens market without any limitations in trading for Greece-based investors could lead to a significant capital outflow from the banking system, essentially a mini “bank run” using the bourse as an indirect route.

On the “uber optimistic” level, Greek investors could use “fresh” money, via bank transfers from abroad, capital from selling stocks or even capital remaining as credit reserves with securities firms to execute transactions.