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World

Greeks innovate to survive financial woes

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Opening sequence

World

Greeks innovate to survive financial woes

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COMING UP:Greeks innovate to survive financial woes

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Transcript

00:00:00
>> The financial crisis in Greece lasted six long years and devastated many families and it's far from over. The country's still in recession, and unemployment is very high at 23%. I'm Reuters reporter Deborah Kyvrikosaios, in Athens. What the financial crisis did do, however, is it forced people to come up with new ideas.
00:00:22
It unleashed a burst of creativity. And I spoke to some of these new innovators that had the courage to come up with new products in order to survive financially. Demetre Scadovos took over the family carpentry business, but when construction dropped so did the orders, and he had to let staff go.
00:00:42
He had to think of something to keep the business flowing. He never imagined that his hobby of making handmade wooden spear guns for fishing would be so popular. But now he has orders from all over the world.>>
FOREIGN]
> I think if it hadn't been for the crisis things wouldn't have worked out this way.
00:01:02
I still would have done it, I still would have made guns for me and my friends but I wouldn't have made it into a profession. When things get tough in any field it gets you thinking and you're forced to consider new ideas, new jobs.>> The crisis has created these new entrepreneurs in the country which was once known for it's too many civil servants.
00:01:22
Owner's say the key is to keep these businesses going, but continuous austerity measures, such as heavy taxation, threaten to destroy one good thing that the crisis created.