Minister of National Economy and Finance and President of the Eurogroup, Kyriakos Pierrakakis, referred to the upgrade of the Greek capital market to developed market status by MSCI, stressing that “it constitutes a significant development for the Greek economy and a strong international recognition of the progress the country has achieved in recent years.”

As he noted in a post on social media, this development means that Greece is returning to the core of developed economies, not only in terms of government bonds but also in terms of the capital market.

“This development strengthens the country’s credibility, attracts investment capital, broadens the base of international investors, and creates new financing prospects for Greek businesses.”

The Minister of National Economy and Finance added that the upgrade is the result of “systematic effort, reforms, fiscal stability, a strong banking system, and a stable investment environment,” while at the same time “it creates the responsibility to continue with the same level of seriousness.”

In detail, Kyriakos Pierrakakis’ post:

“The upgrade of the Athens Stock Exchange to developed market status by MSCI is a significant development for the Greek economy and a strong international recognition of the progress the country has achieved in recent years.

Greece is returning to the core of developed economies, not only in terms of government bonds but also in terms of the capital market. This development strengthens the country’s credibility, attracts investment capital, broadens the base of international investors, and creates new financing prospects for Greek businesses.

The upgrade is the result of systematic effort, reforms, fiscal stability, a strong banking system, and a stable investment environment. At the same time, it creates the responsibility to continue with the same seriousness, so that the Greek economy becomes more productive, more outward-looking, and more competitive.”