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

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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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