Austerity Causes Greece to be Reclassified as Third World Nation

A major fund manager has reclassified Greece from a developed to an emerging market, in an unprecedented move reflecting the "unfortunate economic tailspin" of the Greek economy, which has threatened the future of the euro.
http://www.telegraph.co.uk/finance/economics/9904969/Greece-reclassified-to-emerging-market-from-developed.html