Wall Street Journal (blog) | Greece First Developed Market Cut to Emerging as UAE Raised Bloomberg Greece became the first developed nation to be cut to emerging-market status by MSCI Inc. (MSCI) after the local stock index plunged 83 percent since 2007. Greece failed to meet criteria regarding securities borrowing and lending facilities, short ... For Greece, a Dubious Distinction Greece Ousted from Index of 'Developed' Countries Greece, Birthplace of Modern Civilization, Now an Emerging Market |
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