And where for two weeks the stock market had a course that reminded a little of the cardiogram of a half-dead, on Friday the blood got a little heated.
The rebalancing due to the changes in the MSCI indices shuffled the “deck of cards” a bit and despite a few…shorts, Motor Oil, that is, the one that came out of Standard GREECE did not fall.
It held up decently, too, with bids skyrocketing in the auctions.
The marquee reached 300 million euros, if that means anything for the coming September.
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Thessaloniki time
From September, that is, on Mondays we will deal more intensively with Thessaloniki.
After all, the prime minister is already making his contacts, pleasing some, but also displeasing many.
Not a few businessmen stayed with the handset in hand, preparing various things for his presence. And I don’t know if the prime minister has another chance to show that he is close to them, before they turn their backs on him for good.
I don’t know if he has gotten the message that the business world of Northern Greece is “boiling”. Probably not, judging by who he left waiting.
If only he showed the same fervor…
Because the Northern Helladians have one complaint. There are not a few who say that if Maximus showed the same zeal with which he “takes care” of the banks, everything would be better for the businesses of the North.
And they are not wrong, when one sees the last package, essentially, to save the banks, “Hercules III”, is given without a “compensation”. That is, an obligation, at least for the eyes.
Why measures in the name of financial stability are good, but not to free everything… dividends, remuneration, etc…
Because to put it bluntly, the state itself guaranteed their operation, with the securitization of the loan packages.
Nice words with “packages”, but that doesn’t mean we don’t know what seniors cost.
Anger at bank services
Let’s not get caught up in the way the banks have been serving lately. Who ask their customers to do everything themselves. To ask a question you need to make an appointment.
And if one asks for instructions from the telephone services… drama!
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Airbnb’s “sound” answer to Maximos
Opposite Maximos, however, I learn that the people of the short-term lease are also preparing to meet. Who will not remain idle in what is heard about the increase in taxation and are preparing to move. And if she’s the one I’m learning… she’ll cause.
It will be, as they say, a resounding response to the government’s plans to limit their activity beyond reasonable limits.
And they do not mean an appeal to the Supreme Court, as some of their colleagues did…
“It will show our indignation, and the way the State treats us, considering that we are responsible for the housing crisis and all the ills in the country,” a source with knowledge of the case points out in the column.
They will listen to him first
A key point is the Prime Minister’s announcements at the TIF. There it will be seen exactly how Maximos seeks to deal with the space as a whole.
Many in the short-term rental space believe that the government is bowing to pressure from big hoteliers, who are railing against Airbnb-style platforms.
Because quite simply, as they say, they found a serious competitor that threatened their dominance..
Stay tuned… surprises are coming.
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The… trailer
Surprises at all levels, because the advertising trailer of… AADE is also being prepared. It was also posted in Diaugia.
And yet, with a budget of 4.3 million euros, it was decided… publicity and advertising actions to promote the project at AADE.
Don’t wonder and don’t complain!
The Recovery Fund will pay for it.
After all, we will also see the reforms of the Fund itself. Of what is left behind in its absorption…
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Bang – flash
If you think that the KEPE “dropped their bombs” last June and it was over, you are sorely mistaken. The issue will continue.
Of course, in the magazine of the Center “Economic Developments” financial analyzes of technocrats are published, which have nothing to do with the political debate or confrontation, nor with the timing in which they are published.
It’s just people doing their job.
This is as an introduction!
The deficit
So they tell me that the current account is starting to show serious problems.
Of course, the issue has also been highlighted by the Bank of Greece – if I remember correctly.
And in fact, the problems it faces are so serious that, as well-informed sources tell me, its deficit is approaching pre-crisis levels – around 2009.
And as they explain to me, they are mainly due to the production model of the country, for which no effort is made to change.
To understand, as exports increase, so do imports!
Why? For the simple reason that the majority of raw and auxiliary materials are imported!
They decrease
Besides, of course, the fact that during the last year and a half the value of exports is decreasing – except for food.
And the production model is based on tourism and real estate. That’s all!
Therefore, new “flash bombs” are coming.
When? About the middle of next October. And they will once again question the government’s economic policy.
I foresee new dramas….
Mr. Simeon Diamantidis
I remembered all this because I read enthusiastic statements by Mr. Symeon Diamantidis, president of the Association of Exporters of Northern Greece, after his meeting with Prime Minister Mr. Kyriakos Mitsotakis.
After presenting the requests of the exporters, he stated that the goal of the three-year period is for exports – of all kinds, services, goods – to rise to 60% of GDP, from 45.5% which it is today.
Surely if Greece is flooded with tourists…
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The mayors are pushing
And since Greece will sink again, the mayors will push harder for the end of illegal immigrants.
I told you this a few days ago, because a conflict between tourism professionals and the mayors is foreseen.
Both are right, but somehow the mess left behind by the hordes of tourists has to be picked up. Rubbish and damage that needs to be managed by the local authority. But with what money?
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The “pink bubble”
After all, the grace period for the government has passed.
The latest figures from the Bank of Greece from the financing of the economy in July rang… a bell. Especially in the circles of foreign investors who “flirt” with Greece.
And this is because, as global players, they see that at some point the clouds will thicken dangerously.
And the country will fall… precipitously from the pink bubble it has been sitting on for the past few years due to higher growth rates than the rest of Europe.
However, people who talk and especially close deals with foreigners do not hide their concern both for the fatigue observed in the implementation of the government work and mainly for the irregularities in the utilization of the resources of the Recovery Fund.
“At some point, the acquired speed with which Greece is moving mainly thanks to the Recovery Fund will end, and then there will be a problem”, they note characteristically.
The danger of stagnation is widespread and even in the strangest, as they say, period of modern economic history.
“Will Greece catch the global recession?” is the question that concerns them.
Because if he does not have time, they warn, then the endless honeymoon that the Greek market is going through with the international funds… will end and indeed in a bad way for our country.
After all, we also have the unsettled factor of the American elections in front of us…
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