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Airlines Getting Too Friendly While Greece and Its Creditors Can’t Make Up

While summer is officially underway, the doldrums were not in effect this week, as we saw the potential end game in Greece with the government declaring a referendum for July 5 to determine whether the country would accept its creditors’ terms. The ruling Syriza party has recommended a “no” vote, arguing that the country could get a better deal if the offer was rejected. The creditors have suggested, however, that a “no” vote would be a vote to leave the euro currency bloc. Greece additionally went on to miss a debt payment that was due to the International Monetary Fund (IMF) on Tuesday, which technically constitutes a default.

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