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Greece Now An "Emerging Market"

|Includes: EUFX, EUO, FXE, Global X MSCI Greece ETF (GREK), ULE

Due to the destruction of a quarter of its GDP and an 83 percent decline in its local stock index, Greece became the first developed nation to be cut to emerging-market status by MSCI. This comes on top of Greece's failure to win any bids in a sale of the country's gas monopoly and its abrupt shutdown of its only public television broadcaster.