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Wednesday, June 12, 2013

Greece Downgraded to Emerging Market Status

Global indexing firm MSCI has reclassified Greece as an emerging market, stripping it of its developed-markets status. The Balkan country failed to meet criteria regarding securities borrowing and lending facilities, short selling and transferability, said MSCI. Greece, which has been at the epicentre of Europe's financial crisis, is in its sixth year of recession and unemployment is ...

READ THE ORIGINAL POST AT www.greekherald.com