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MSCI has cut Greece's classification to emerging market from developed market, making the...

MSCI has cut Greece's classification to emerging market from developed market, making the country the first to suffer such a demotion. MSCI attributed the move to Greece not meeting requirements related to securities borrowing and lending facilities, short selling, transferability and stock-index size. MSCI's decision follows similar action from Russell Investments in March.
Comments (4)
  • A more accurate descriptor would be "submerging " market.
    Emerging markets are net wealth creators; Greece is a net wealth destroyer.
    12 Jun 2013, 07:26 AM Reply Like
  • Totally or at the very least emerging means Greece is going through a U turn. When this thing has run its course, the Flintstones may have a leg up on the Greeks.
    12 Jun 2013, 07:44 AM Reply Like
  • You mean austerity doesn't work? (sarcasm). Just lend them more money
    12 Jun 2013, 08:55 AM Reply Like
  • No. Why dont you donate your own damn money to the " Useless Greeks Sovereign Fund"
    12 Jun 2013, 09:23 AM Reply Like
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