Greek industry hit by imports freeze скачать в хорошем качестве

Greek industry hit by imports freeze

(9 Jul 2015) After ten days of bank closures, imports to Greece have frozen, according to producers and manufacturers, who also warned of the possibility of shortages in the near future. The Greek textile and clothing industry have been hard hit as the liquidity crunch is making it very difficult for manufacturers to import raw materials and pay suppliers, which has led to a severe slump in production. For textile manufacturer Dimitris Farmakis, the slump has been especially crippling, forcing him to reduce the number of textile machines from 16 to 2. Before the bank closures, factory owner Pantelis Kourbelas said his company exported clothing to 25 countries but he is now concerned about whether they will be able to continue because he is unable to pay suppliers abroad. The increasing difficulty to transfer money abroad has also impacted on the transport industry. Fruit and vegetable importers and suppliers are also bearing the brunt of the crisis as they are finding it harder not only to import products, but to export them as well. Stefanos Kirlis, the president of the central Athens fruit and vegetable market said that Greek production is in the hands of small producers and they do not have the capability to do e-banking therefore business is often cash only. Cash is in short supply after the Greek government ordered bank closures on June 29 in a bid to stem a bank run. Greece's main business and tourism associations have warned of an "explosion of unemployment" if the government fails to find a deal with creditors soon and reopen banks. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...