Greek stocks are poised to rejoin the developed-market elite under a projected upgrade by index provider Stoxx Ltd., a move expected to unleash nearly $1 billion in fresh investment and cement the country’s post-crisis recovery. Strategists at JPMorgan Chase predict Stoxx will announce the upgrade in April, with implementation following in September. The shift would insert Greek shares into the benchmark Stoxx Europe 600 and Eurostoxx indexes. JPMorgan analysts, led by Pankaj Gupta, estimate the reclassification will trigger $962 million in passive inflows. Mr. Gupta’s team noted that the move validates the country's economic stability following its return to investment-grade status in 2023. “Greece has undergone a painful but decisive transformation,” said George Lagarias, chief economist at Forvis Mazars. “It moved from an insolvent ‘ugly duckling’ into a swan of financial stability.” The market has responded in kind. Since early 2023, the Athens General Index has surged roughly 129%, vastly outperforming the Stoxx 600’s 42% gain. Broader momentum is building. FTSE Russell has confirmed it will upgrade Greece in September 2026, and Mr. Gupta expects MSCI Inc. to add the country to its watchlist later this year. While Greece’s $133 billion market cap remains small compared to European heavyweights, the upgrades mark a definitive end to its era as a financial pariah. Διαβάστε περισσότερα στο iefimerida.gr