Analysts: Strong gov’t in Greece to benefit its economy

The formation of a government in Greece with a comfortable majority in parliament will strengthen the country's economic stability, help the implementation of reforms and see Greece's sovereign bonds return to investment grade very soon, benefitting the national economy further, analysts told Xinhua.

The center-right government of Prime Minister Kyriakos Mitsotakis has returned to power after the June 25 general election for four more years. It has a majority of eight deputies in parliament, the same as four years earlier when it first got elected.

The market's immediate reaction was positive — the main index of the Greek stock market reached this week its highest point since June 2014.

Bank of Greece Governor Yannis Stournaras also said a Greek credit rating upgrade back to investment level after almost 13 years was possible once the government secures...