Dry or wet, shipping markets are down; the world economy in turmoil and it’s for Obama to make or break…ah! and the Chinese have to deliver too…

John Faraclas’ latest 9 minutes live interview on the 9^th of November to Panos Thomakos on SBC TV dealt with:

• The Markets and the downward trend yet again closing with the BDI 940 points… and the oversupply now being felt everywhere as Jim Davis mentioned at the 37^th Annual Dinner of IMF.
• The ecological ships which must come out and save the day.
• The Euro and the crisis in Europe – specifically in Spain, Italy and Greece with the contagion ante portas. Faraclas’ hinted that Germany too might be engulfed with a crisis with incalculable repercussions …
• The effect of the World Travel Market in the World’s economy and in particular to Greece.
• The absence of a Greek negotiator to explain that the only way out is to write-off the so called Greek “debt”.
• The issue of more free-market with respect of contracts of engagement for Greek seafarers
• The Greek Coastal Shipping issue.
• When challenged about the state of the shipping and the world economy he reiterated that only a war will short out the mess and poverty of nations: “War Father of all” (ancient Greek maxim).

Will revert soon with the translation.

Greek speaking viewers can click on here and listen the video here: