Greeks' role in shipping seen unscathed regardless of fate in EU

London

GREEK shipowners' dominant role in world trade faces little threat from the financial turmoil that's roiling the Mediterranean country, according to analysts who monitor the nation's maritime industry.

The Greek government shut banks and imposed capital controls in an overnight announcement aimed at preventing the collapse of its financial system. There's an 85 per cent chance Greece will be forced to stop using the euro currency, according to Mohamed El-Erian, chief economic adviser at Allianz SE.