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Greece downgraded from developed to emerging market
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and the business world.
A reminder of the work left to do in Greece has come from S&P Dow Jones Indices, which says the country no longer classifies as a developed market. Instead, the indices provider gives it emerging market status for the following reasons:
The Greek equity market lags behind the advancements in market practices typical of other developed markets.
Dramatic and consistent reduction in market size over the past few years.
Failed market accessibility.
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and the business world.
A reminder of the work left to do in Greece has come from S&P Dow Jones Indices, which says the country no longer classifies as a developed market. Instead, the indices provider gives it emerging market status for the following reasons:
The Greek equity market lags behind the advancements in market practices typical of other developed markets.
Dramatic and consistent reduction in market size over the past few years.
Failed market accessibility.
