According to its latest build indices for the national market and international MSCI Greece downgrade from developed countries into developing markets.
Thus, Greece is the first developed country to lose this regulation.
Press release dated 11/6 of the MSCI stating the current situation of the Greek economy does not meet the applicable standards for the market development. MSCI emphasizes the high debt burden, stagnation of the economy and the difficulty in raising capital.
MSCI began to reconsider the assessment of Greece from June 2012. Then, the agency said the Greek financial markets are really not working, this may lead to changes in the assessment. MSCI found in Greece are increasingly popular forms of barter trade, transfer restrictions and payment delays by trading in stock market.
Greek is recognized as market development since 2001. Currently, according to the MSCI, all 22 developed countries. Add 22 countries, including Russia, China, India and Brazil, are listed among the developing countries. Other countries are considered MSCI market transition.
MSCI, based in New York, USA, is an organization dedicated to providing decision support tools worldwide investment.
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