Wall Street Journal (blog) | Greece First Developed Market Cut to Emerging at MSCI 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 Emerging Markets, Greece Sticks Out as 'Sore Thumb' Greece is becoming an emerging market From Developed Back to Emerging: Greece's Full Circle |