Greece may be cut to emerging market status

SAN FRANCISCO (MarketWatch)
MSCI Inc. announced changes late Wednesday to its review lists for potential reclassifications within its widely-used emerging markets indices, including the possible reclassification of Greece to emerging markets
The provider of investment decision support tools said the MSCI Greece Index is "structurally no longer in line with developed markets size requirements with only two index constituents." MSCI said it may open consultations on proposals to reclassify the index to "stand-alone market status outside of the regular reclassification cycle if the country were to introduce accessibility restrictions to its equity market following a potential exit of the country from the European Monetary Union
The MSCI Korea Index remains under review for possible reclassification to developed markets, as it continues to meet "most of the developed markets criteria," notably in economic development, market size and liquidity, MSCI said.