By Caitlin Ostroff Caitlin Ostroff The Wall Street Journal Biography Updated Aug. 13, 2019 6:07 am ET

Greek stocks are headed for their best year in two decades amid investors’ optimism that a new government will be able to pare back austerity measures and revive the debt-laden economy.

The Athex Composite index has risen 35% since the end of last year, making it the best performer in Europe this year and putting the benchmark on track for its biggest advance since 1999, when the value of the gauge doubled.

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