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The Greek Vote and What It Means for the Energy Sector
The energy sector is about to be rocked by the Greek vote. Because whether European creditors like it or not, to avoid contagion to the rest of Europe, they'll need a contemporary version of the Brady Bonds that allowed emerging market countries to refinance defaulted debt some four decades ago.
What happens next will fill the streets of Greek cities with angry citizens who voted a resounding "No" barely two weeks ago.
Here's how the aftershocks of the Greek vote will be felt throughout the energy sector...
The energy sector is about to be rocked by the Greek vote. Because whether European creditors like it or not, to avoid contagion to the rest of Europe, they'll need a contemporary version of the Brady Bonds that allowed emerging market countries to refinance defaulted debt some four decades ago.
What happens next will fill the streets of Greek cities with angry citizens who voted a resounding "No" barely two weeks ago.
Here's how the aftershocks of the Greek vote will be felt throughout the energy sector...