[QODLink]
Europe

Greek aerospace industry under pressure

Aerospace industry, a rare success in Greece's public sector, feeling the pinch under massive budget cuts.

Last Modified: 08 Oct 2013 02:05
Email Article
Print Article
Share article
Send Feedback

There are signs the Greek economy could be recovering more quickly than expected, but the price of doing business in the country remains high.

The Greek government's draft budget predicts the country will return to growth next year. Greece has been crippled by six years of recession, and received $325 billion worth of international bailouts, which led to its government agreeing to deep spending cuts.

The government says it is optimistic of being allowed to return to financial markets, after being excluded in 2010.

Despite the government's optimism, however, even the country's most successful industries are feeling the pinch of the current economic crisis.

Al Jazeera's John Psaropoulas paid a visit to the Hellenic Aerospace Industry, one of the country's top exporters.

120

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
UNHCR says hundreds of people trapped in Yaloke town risk death if they are not evacuated to safety urgently.
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Featured
Long-standing dispute over Christian use of the word 'Allah' raises concerns about a very un-Merry Christmas.
The threat posed by ISIL has prompted thousands of young Kurds to join the PKK.
Baja California - with its own grim history of disappeared people - finds a voice in the fight against violence.
Russian feminist rockers fight system holding 700,000 - the world's largest per capita prison population after the US.
Weeks of growing protests against Muslims continue in Dresden with 15,000 hitting the streets last Monday.