ATHENS—Foreign investors are returning to Greece as fears of an exit
from the euro zone recede, signaling a possible turning point in the
country's three-year-long debt crisis.
Amid a general rise in investors'
willingness to buy riskier assets world-wide, everything from Greek real
estate to energy stocks are finding buyers, promising investment in the
country's cash-starved economy.
A steady trickle of foreign money
pumped €109 million ($143.8 million) into Greek stocks in the last six
months of 2012, followed by an additional €27.6 million in January,
according to the Athens Stock Exchange. That money helped lift Greece's
major stock index 33.4% last year, making it—bizarrely—the
best-performing stock market in the European Union. It is up an
additional 10.51% this year, to 1003.32, although it remains well off
its high of 6355 reached more than 12 years ago.
No comments:
Post a Comment