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Marc Champion

The 'Demerging' Greek Economy

What happens when growth shifts into reverse?
Is this the EU?

Is this the EU?

Photographer: Milos Bicanski/Getty Images

Greece may need a category of its own as it struggles with unmanageable debt and the prospect of falling out of the euro: That of a "demerging" economy.

The idea of emerging economies -- formerly poor, badly run and closed markets that open up and reform to produce rapid catch-up growth -- is well-known. We have acronyms such as BRICS and MINTs to group them.