Home » So, what next for the markets and the unpleasant situations…

So, what next for the markets and the unpleasant situations…

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John N. Faraclas

John N. Faraclas

The following are the main points – in brief – from the latest John Faraclas live interview to Panos Thomakos on SBC TV last Friday the 19th of April 2013:

1)Thomakos started with the Boston Marathon’s terrorists and the despicable events which evolved and Faraclas stated that people around the world should respect Olympism and sports as well as the motto: “A healthy mind on a healthy body”. He stressed that all these events should be eliminated; the Greeks and Philhellenes where very upset with this incident. he hopes nothing would happen at the London Marathon.

Thomakos continued with the Manolada incident in Greece, known as the “Strawberry   Fields” incident with the shooting of the immigrants there by the strawberry field’s personnel. Moreover he said that these incidents and other worse ones should stop as they taint the Greek image. Faraclas said that many incidents of this kind and other untold stories take place every day… in Europe as well as in other places worldwide…

2)On the Markets Faraclas reiterated his view that the markets with the BDI at 885 points doesn’t have strength to go over the 1, 000 points and brokers and bankers should be held responsible for this mess… Convincing people to buy and borrow money under the parameters of 2000 – 2012 was a crime! The repercussions will be incalculable…

3)Faraclas welcomed the Eleusis Shipyards deal with the Hellenic Navy and wished that Costas Kokkalas, the most capable of the Greeks in the field today lead all three major shipyards. He mentioned that the second most important pillar of Greece’s shipping cluster was the shipbuilding and shiprepair and conversion Industries! He also mentioned that some Unionists during the 90’s in particular had other designs (for themselves) and not to support the Dockers as they ought to have done; he mentioned one of their leaders who even become the prefect of Piraeus…

4)On Europe Faraclas said that Germany will be the biggest liability, the German dream to lead Europe and then the world cannot be materialized. The Germans are hardworking, good colleagues in business, but the introduction of the Euro to make them powerful in exports due to the hard D-Mark, will most probably lead them to bankruptcy too… Bailing-out Euro Nations, as Germany does, is one thing, having a sustainable Europe yet another…

5)On the issue of the Greek Shipping Ministry’s new legal framework/Law he said that the Greek Coastguard’s officers could have long time ago produce a better deal than the one some lawyers did… he said; “And now what? What’s gone to happen without the collective agreements?”

6)Thomakos reminded Faraclas the issue, the unacceptable situ of the Greek Coastal Services as summer and the touristic season approaches and the manna from the Far East, Europe and the Americas will be a dream if the locals and unions do not come into terms with reality. Faraclas verbatim agreed.

7) The above and other issues on Greece and World Politics, can be heard and viewed in the video above; we look forward to our viewers comments. As usual there will be a translation into English.

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1 comment

Yannis Voudouris April 27, 2013 - 1:02 PM

Dear Mr Faraclas

I value your opinion and I believe that your risk assessment about coastal ferry service in Greece is correct. I have strong reservations, however, about shipbuilding in Greece. Thank you

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