Veteran fund manager Mark Mobius is still upbeat about investing in Greece and is confident about the new government's ability to implement reforms.
"I am still very optimistic about Greece," Mobius, executive chairman of Templeton Emerging Markets Group, told CNBC.
"The new administration has the wherewithal to make changes in Greece that will satisfy the rest of Europe."
Greece's new left-wing government led by Prime Minister Alexis Tspiras late Monday submitted a list of reform proposals to its international creditors – a key condition of the deal reached on Friday to extend the country's bailout loan by four months.
The measures on the list include steps to combat tax evasion and corruption, according to media reports. If the reforms are approved, Greece will move closer to receiving a final tranche of aid which is crucial to keep its financial system afloat.
Greece's benchmark stock market rose more than 6.5 percent in early Tuesday trade following the news.