Veteran investor Mark Mobius said he would consider investing in Greece since its downgrade to emerging market status, and also praised the euro as a "resounding success".
Mobius, who chairs the Franklin Templeton Emerging Markets Group with $53 billion in assets under management, said the group was interested in Greece, but that no decision had been made yet. The indebted euro zone country was downgraded to emerging markets status by index compiler MSCI last summer, which came into effect this Wednesday.
"We're going to have to look at the banks very closely…a lot of these prices have already gone up," Mobius told CNBC, speaking from the sidelines of the Global Islamic Economy Summit in Dubai this week.
(Read more: Greece's emerging market status: Good news really?)
"I told all the Greeks they have been upgraded to emerging markets... They are beginning to grasp the reform agenda," he added with a laugh.