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Greek Shippers Look For Better Deals Abroad
Thursday, October 1, 2015 - 8:42am | 420Greece's Syriza-led government is caught between a rock and a hard place now that it has agreed to EU mandated spending cuts in order to continue receiving its bailout payments. On one hand, Athens would be unable to stay afloat without continued financing from its EU creditors. However,...
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European Investments, Greek Bonds Beginning To Look More Attractive
Tuesday, September 22, 2015 - 2:30pm | 376For the first time in a long time, Europe is beginning to look appealing for investors. The region has been through a difficult year of economic and political uncertainty, and despite predictions that the eurozone would crumble just a few months ago, the region appears to be turning a corner into...
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Syriza Returns To Power In Greece
Monday, September 21, 2015 - 9:26am | 435Greece's leftist Syriza party was able to secure enough votes to form a coalition government over the weekend, putting party leader Alexis Tsipras back into the spotlight. Tsipras saw about half of his party abandon him earlier this year when he agreed to a reform deal with EU leaders in...
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Greek Elections Unlikely To End Uncertainty
Thursday, September 17, 2015 - 9:45am | 342This weekend, Greeks will head to the polls to elect members of the country's parliament after a turbulent year fraught with elections, demonstrations and political upheaval. However, Greek voters appear to be fatigued by the nation's political and economic trouble, making the outcome...
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European Markets Still Uncertain With Greek Elections On The Horizon
Friday, August 21, 2015 - 7:31am | 403This weekend, Greeks will head to the polls to elect a new parliament in the wake of the nation's turbulent bailout negotiations. This weekend's vote represents another big turning point in Greece's debt saga as the anti-austerity Syriza party is favored to win, albeit without an...
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Greek Bailout Deal: Agreed To By Many, Welcomed By None
Monday, July 20, 2015 - 12:57pm | 352On Monday, Greek banks are set to reopen after closing their doors for three straight weeks following the European Central Bank's decision to extend further credit lines to the nation's struggling financial sector. While EU officials and Greek leaders have agreed to a flimsy deal to keep the nation...
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Greek Default Is Imminent; Here's Why
Thursday, July 9, 2015 - 1:03pm | 371Will they? Won't they? Those seem to be the questions on everybody's mind regarding Greece defaulting on its debt. Charles Robertson, global chief economist at Renaissance Capital, was on CNBC Thursday to explain why he thinks Greece will default on its debt. He also discussed whether...
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What's Next In Greece: Will Tsipras Stay And Will We See A Grexit?
Thursday, July 2, 2015 - 2:20pm | 416With no sign of a bailout agreement in sight, Greece has arranged a referendum vote in which the nation's residents will decide whether the terms set out by Athens' creditors are acceptable. The country's Syriza-backed government was elected on promises to end austerity, but Prime Minister Alexis...
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Marathon Predicts Greece's 'Yes' Vote, Tsipras Out Next Month
Tuesday, June 30, 2015 - 2:25pm | 462With every passing minute, the Greece debt crisis seems to take a new turn. According to latest reports, the Greek government is seeking a last-minute deal from the eurozone. However, according to Bruce Richards, CEO of Marathon Asset Management, regardless of what happens, Greek Prime Minister...
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Wilbur Ross On Greece, The Rise Of Democracy, The Fall Of Civilization And Imminent Chaos
Monday, June 29, 2015 - 2:24pm | 370Wilbur Ross, chairman and CEO of WL Ross Holding Corp (NASDAQ: WLRHU) is regarded as a maverick when it comes to restructuring failed companies. But how do you restructure a failing government? Ross was on CNBC Monday to discuss the Greece debt crisis and whether the government can prevent a...
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Morgan Stanley: Greek Shipping Companies Need Not Worry
Monday, June 29, 2015 - 10:55am | 315In a report published Monday, Morgan Stanley analyst Fotis Giannakoulis assured investors that the Greek crisis "has no direct impact on shipping companies." The only headwinds to Athens-based maritime firms, he said, would come from side effects on the global economy. Not Quite Greek...
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Everything You Need To Know About Greece's Coming Referendum
Monday, June 29, 2015 - 7:41am | 330In a report published Sunday, a team of UK-based analysts at Barclays discussed Greek Prime Minister Alexis Tsipras' referendum call to be held on July 5. Tsipras' referendum will ask the Greek population if they accept the latest proposal presented by the Institutions while the...
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Fund Managers Double Down On Greek Crisis
Friday, June 26, 2015 - 1:11pm | 430Despite the fact that Greece and its creditors are dragging the nation's debt negotiations into the weekend, some fund managers say they are moving money into Europe in hopes of a big return. With Athens scheduled to repay its International Monetary Fund loan in just a few days, many worry that...
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Greece's Final Proposal Draws Criticism From Syriza
Wednesday, June 24, 2015 - 11:46am | 316After Greek Prime Minster Alexis Tsipras submitted his final reform proposal to the EU in order to unlock the nation's next installment of bailout funding, many breathed a sigh of relief hoping that the proposal would end the ongoing debt negotiations once and for all. However, not everyone...
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The Greek Crisis: Why Russia Doesn't Matter
Monday, June 22, 2015 - 8:18am | 1018The Associated Press reported Friday morning that Russia was actively considering extending financial aid to Greece. "If the Greeks ask for a loan then we will consider it, but they have not yet asked," Russian President Vladimir Putin's spokesperson, Dmitry Peskov, told the AP...