Greece Reclassified as an ‘Emerging Market’

Russell Investments, which manages $162.9 billion in assets, said on Friday that Greece had been a global concern since its debt levels reached unsustainable levels in 2009 and no longer met “macro- and operational risk criteria” for developed market status. “It’s a big statement…and obviously a …

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Greece Reclassified as an ‘Emerging Market’