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Has the never-ending Greek monetary crisis had an impact on your business?

With the Greek default yesterday, and now their acceptance of the IMF deal, Greece and the IMF won't come to terms for some time. Greek banks are still closed, so the interim effect on the economy is uncertain, but no one expects a positive outcome. Does this crisis have an effect on your company?


Art Hughes
Title: Chief Accounting Officer
Company: Buffco Production
(Chief Accounting Officer, Buffco Production) |

Yes, it has. The Greek default has pushed the Euro down, and thus, strengthened the US dollar versus the Euro. That has pushed down crude oil prices, as a strong dollar always does, which is detrimental to domestic oil and gas exploration and production firms. We will see if it lasts.


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