Home News The Markets et al…

The Markets et al…

by admin
John N. Faraclas

John N. Faraclas

The Markets et al…

  • The low freight Markets..
  • Greece where the creator gave us a neck to stick it out…
  • The Greek – German relationship…

The following are the main points – in brief – from the latest John Faraclas live interview to Panos Thomakos on SBC TV last Friday the 12th of March 2013:

1)Faraclas started as usual with the weather – London’s rainy weather and said how “beneficial” same would be to have a heavy rain and  (metaphorically) clean the Greek Parliament …  with Thomakos agreeing and mentioning what the German Minister and possibly one that Faraclas “supports” gets re-elected…. in Autumn’s elections…

2) Faraclas continued with the steady low Markets mentioning the slow rise of the BDI at 875 points over the last day and a total of 14 points since the 5th of April, but same is far away from the mid 900’s “rally” of February 2013…but maintaining that this is very low… The wets too are on a decline and this market will create problems.

Thomakos questioned the high price of oil and if same will go down with Faraclas saying same will happen only when Greece starts exporting its own oil, provoking all with a different view and betting on this view! Faraclas landed a US$ 25 for the barrel, provoking further… Moreover he said that the entire issue of the oil price is a big scam, a betting casino…

Faraclas stressed that the economic speed will rule the waves and countered on the high oil prices which make uneconomical the VLCC’s performance with same being now the 12, 5 knots level, the most economical and affordable under the circumstances….

3) Faraclas then went on to criticize the German Minister of Finance Wolfgang Schaeuble who rejected the German war reparations and pay back the Greeks and the Greek state. He mentioned it is not only the amount, but the damages, like in every claim and said that Mr. Schaeuble should stop using his legal capabilities as Faraclas and many Greek brokers can give him the appropriate replies and asked the Greek Government to understand his unsolicited offer to invite him and deal with Mr. Schaeuble and his likes as well as invite the Greek shipbrokers worldwide who all have amazing record in these cases and deal with Mr. Schaeuble…

Faraclas also criticized the Greek Governors who run the country at this very moment and the politicians’ inability to raise to the circumstances and defend the rights of the Greek Nation and its people.

He mentioned the support of the Greeks towards Germany and in particular the German shipyards after the end of the Second World War, by building ships there in the 50’s, 60’s and seventies, due to the “jealousy” of the Germans (West Germany at the time) as Greeks where building en mass in the United Kingdom, not to mention the millions of the Greeks building mega cruise ships the last twenty years in German shipyards… Faraclas ended this point by saying that: “… we cooperate with our German friends and partners but they must also learn to respect, respect the Greeks in particular”, with Thomakos supporting the view mentioning the way yesterday the Greek Foreign Minister Dimitris Avramopoulos handled the issue… Thomakos further said that the German should understand that they are not on their own in this world and in particular in Europe and the fact that they lost two world wars rings the bell…

4) Faraclas went on to explain what happened in antiquity around 400 BC and the loans the 10 from the thirteen Greek City-states borrowed from Delos, giving a revisited account and stressing that the Greek Politicians today must stand on their knees and defend the nation! Thomakos agreed and said that equally the Greek citizens should abandon lazy politics and actions and mentioned that the current anti-German feelings in Greece is a short of alibi for these people not to work… Thomakos continued giving an honest account who is to blame and on what! Faraclas replied giving his account from the time he visited the then West Germany in 1956 with details and Thomakos also saying that Greece is respected in Germany but the Greeks too should become serious vis-à-vis their doings… Faraclas said that the Greeks have tried to ease the tensions between themselves and the German people.

Faraclas ended by fiercely criticizing the Greek Politicians and the Greek Political establishment’s inability…

We look forward to our viewers comments. As usual there will be a translation into English.

 

 

You may also like

Leave a Comment