Greek Stocks Soar as Country Overcomes Economic Challenges and Political Turmoil.
Originally Published 2 years ago — by CNBC
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.