Debt crisis: Greek shipowners face being levied for first time in crucial austerity bill

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Published on Tuesday, 27 January 2015 02:54
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 Greek shipowners are set to be levied for the first time as part of the latest make-or-break austerity Bill narrowly passed by politicians in Athens on Wednesday night.

The Telegrph

 
 

Salary and pension cuts account for €5.8bn out of €9.4bn proposed spending cuts for the 2013 budget Photo: AFP
 

By , Chief Business Correspondent

6:15PM GMT 07 Nov 2012

 

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The country’s best-known tycoons, who remarkably have retained their fiscal privileges throughout the crisis, will be forced to “contribute” at least €140m (£112m) to the stricken national coffers after the Bill was passed by only two votes. Following

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The Greek economy continues to suffer, but the country's shipowners are spending as though there were no crisis

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Published on Tuesday, 27 January 2015 02:47
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The Greek economy continues to suffer, but the country's shipowners are spending as though there were no crisis. Once popular, Greece's shipping companies are now widely reviled.

 

There was a time when Greece's shipowners adorned the covers of gossip magazines and ran football clubs, secure in the affection of millions of fans. But these days, men like Theodoros Veniamis, one of the richest shippers in the country, need personal protection. Many don't leave home without it.

 
ANZEIGE
 

On the list of Greeks hated by their countrymen, shipowners have almost reached the top; only politicians are more reviled. They are threatened by radical leftist groups and even physically attacked. There have also been attempted kidnappings. In at least one case, a family of a

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Greek shipowners start the year with multi-billion dollar splurge(despilfarro)

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Published on Tuesday, 27 January 2015 02:42
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By from Athens

 

Greek shipping embarked on a multi-billion dollar Christmas / New Year splurge. Though we are only a couple of weeks into the year, Greek shipowners have already confirmed financial dealings topping $6bn.

Since the beginning of the holiday break it has already come to light over a score of owners have reached agreements to raise funds in the equity markets and through traditional ship financing, as well as invest in new and secondhand tonnage. The total amount involved… over $5.88bn.

The biggest slice of the investment involves the Peter Georgiopoulos-chaired General Maritime (Genmar), the Costis Constantakopoulos-led Costamare and Peter Livanos-led GasLog. The three have committed some $2.79bn.

Since the new year it has been revealed some $2.14bn has been raised

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Greek shipowners calm in face of Syriza win

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Published on Tuesday, 27 January 2015 02:37
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IHS

Petros Aivatzidis
26 January 2015
 
A Syriza supporter waves a Greek flag during a speech by the leader Alexis Tsipras on 25 January. Photo: PA

Following the results of the general election on 25 January, Greek shipowners are waiting calmly for the new government led by the left-wing anti-austerity party Syriza to announce its policies on the shipping sector.

The new administration is expected to end the autonomy of the shipping ministry as Syriza leader Alexis Tsipras promised a very small cabinet of 10 ministries, which would mean the merging of several portfolios including that of shipping.

Speaking on behalf of Greek owners, Union of Greek Shipowners president Theodore Veniamis told a shipping forum in Athens on 21 January that he and his colleagues are

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