Greek stock market joins world’s leading exchanges after debt crisis

For investors following Europe’s developed markets, Greece is back on the map. FTSE Russell’s reclassification of the Greek capital market from “advanced emerging” to “developed” took effect on Monday, marking another step in the country’s recovery from its sovereign debt crisis. Euronext Athens said the upgrade represented “a major international recognition of the significant progress and structural reforms implemented in recent years at the Athens Stock Exchange” and underscored the growing attractiveness of the Greek capital market to international investors. The change moved 62 Greek stocks out of FTSE’s emerging-market benchmarks and into its developed-market indices, according to Piraeus Securities.