Greek Stocks Soar as Country Overcomes Economic Challenges and Political Turmoil.
TL;DR
Greek stocks have risen nearly 40% over the past year, with the Athens General Composite Index up almost 7% following the New Democracy party's 40.8% win in the national election. The party's business-friendly policies and successful macro policy implementation have attracted international investors, while reforms to Greece's antiquated bureaucratic systems and economic successes have reduced risk perception around Greek assets. The country's economic growth was 5.9% in 2022, well above the euro zone rate, and it is on the cusp of receiving an upgrade to investment grade. The next step will be the upgrade of the Athens Stock Exchange from Emerging to Developed.
Topics:worldbusiness#business#economic-growth#greek-stocks#investment-grade#new-democracy-party#reforms
- Greek stocks have climbed 40% over the last year — as the country shakes off 'problem child of Europe' label CNBC
- A stunning election result for Greece's prime minister The Economist
- Analysis: Investors bet Greek bonds have shed 'junk' credit rating Reuters
- 'It's the economy, stupid': Under Greek PM, 'future prospects of economic development very bright' FRANCE 24 English
- Have Greek politics finally settled down? Atlantic Council
Want the full story? Read the original reporting
Read on CNBC