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Is the shipping industry the answer to Greece's woes?

Greece is at risk of needing a third bailout - with high unemployment and GDP shrinking a quarter from its peak.

But economic recovery could be on the way, according to one shipping boss.

Managing director of Anangel Maritime Services, John Platzidakis, believes the answer lies in investing in the successful maritime community - rather than subsidising failing industries.

He told BBC Radio 5 live's Drive: 'If you do have money give it to the maritime community... Greek shipping performs."

  • 22 Aug 2013
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