Greece aircraft Industry and the Grexit

Greece have a dynamic aircraft industry. Recently it’s know-how was showcased dramatically with its participation in the Neuron demonstrator.

But how would Greek aircraft industry face an exit from the Euro zone. What could be the specific consequences and how would it impact the European industry?

We have on this foru stray of thread that had derailed on economics matter. Let’s debate today freely around an applied case of economics in the aircraft industry.

An introduction from the New York Times to illustrate the problem :

Greek companies that borrowed in euros might find it hard to pay them back if they are mainly earning a new drachma. The companies’ creditors and suppliers might refuse to be paid in the new currency, and take the issue to courts in London and New York.

Making matters worse, fear of the new drachma could prompt foreign companies to step back from entering into new contracts with Greek companies.