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Greece Reclassified as an 'Emerging Market'
Quote:
Greece has been reclassified from a "developed" to an "emerging market" by a major U.S.-based fund manager.
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.
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http://www.cnbc.com/id/100516264
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