Greek aerospace industry under pressure

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

    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.

    SOURCE: Al Jazeera


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