Greek banks looking to divest billion dollar shipping debt
Greek banks are trying to massively offload the banks' billion dollar debt to the shipping industry, according to Reuters. This is caused by factors including a fear that Greece could be thrown out of the Euro Zone.
BY OLE ANDERSEN
Pressured Greek banks are trying to severely reduce billion dollar loans to the country's shipping industry - which has world's largest commercial fleet - reports Reuters, based on information from sources in the banking and shipping sectors in Greece.
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