ATHENS (BLOOMBERG) - The European Central Bank has given approval to Greece's proposals for the reopening of the country's financial markets, a spokesman for the Athens Stock Exchange said today in a telephone call.

The timing of the reopening will be decided by Greece's finance ministry, in a decree that will also decide any trade restrictions and ground rules for trading, said the spokesman, who asked not to be named in line with policy.

Spokesmen for the Bank of Greece, the ECB and the Greek finance ministry weren't immediately available for comment. Trading on the Athens Stock Exchange has been suspended since June 29, following the introduction of capital controls in Greece.