Stocks Plunge After Athens Exchange Reopens

03:45

August 03, 2015

A European Union (EU) flag flutters outside the Athens' Stock Exchange in Athens, Greece, Monday, Aug. 3, 2015. Greece's main stock index plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since June to react to the country's latest economic crisis. (Yorgos Karahalis/AP Photo)

The Athens stock exchange reopened today with a massive drop, shares fell by 22.8 percent as trading began. The exchange had been closed since the end of June in an effort to prevent more money from leaving the country. The opening today was an attempt to return to normalcy, but some are calling the big drop a "bloodbath."

Jill Schlesinger of CBS News joins Here & Now's Peter O'Dowd with details on the Greek stock plunge.

Guest

Jill Schlesinger, business analyst at CBS News. She tweets @jillonmoney.

This segment aired on August 3, 2015.