is greece an emerging market
Although Greece is selling off its public assets to reduce its billions of dollars' worth of debt, reclassifying the country as an emerging market economy is deeply offensive, according to one analyst. Greece is not an emerging markets country, because it is too rich and its financial system is too developed. Greece is simply a bad credit. The example of Greece illustrates a basic fundamental principle of investing that all countries are risky and all countries can become bad credits.