Thursday, 15 March 2018

HELLENIC AIR INDUSTRY

Is this vital industry been deliberately pushed to failure?

Despite positive signs of future orders no action is taken for the employment of new workers.

This can only affect negatively the sustainability of the company in a time when Greece needs  hot income from foreign orders. 

A large part of Greek defence industry at the moment  is the programme of modernisation of the
Orion P3-C aircraft four of which EAB ( Hellenic Aerospace Industry) has undertaken to modernise.
                                                      
                                                                                                                                         Tsakalotos and Tsipras are deep in thought. Why?

Unfortunately work cannot continue without the employment of ninenty specialist workers. This can only go ahead with the signing of the appropriate order by the Economic Minister Mr Tsakalotos.
At times when employment is used by the ruling Syriza Party as a means of political  manipulation, it seems quite short sighted to allow the Defence Industry to wither and possibly fall in the hands of foreign capital.

Mr Tsakalotos has not given reasons for the delay nor has he objected to the need for the replacement of workers who have left for various reasons such as pensioning and mass exits.
He has , however, put the signing on ice.
On the other hand, the need for 118 positions in the OTA (Local Government organisations)  have just been announced by Government.
Knowing the past record of this government in using employment for political reasons, we can only assume that these positions will be filled by relatives, friends and all sorts of other potentially electorally useful people.

Image result for p3c orion

The above picture is from an Orion P3-C parts info board from the USAN.

For the record, Mr Tsakalotos replaced Giannis Varoufakis as Finance Minister.
 

GOOD GRIEF!





Monday, 12 March 2018

WHERE DOES THE MONEY GO?

Straight from WIKI this is this latest list of countries by credit ratings


Only grahics are included for simpler viewing. A complete list can be obtained from the source.


https://en.wikipedia.org/wiki/List_of_countries_by_credit_rating



Standard and Poor's

AAAAA+AAAA-A+AA-BBB+BBBBBB-BB+BBBB-B+BB-CCC+CCCCCC-CCCD
 GreeceBPositive2018-01-19


Fitch 


 GreeceBPositive2018-02-16

Moody's[edit]





 GreeceB3Positive2018-02-21

DO YOU THINK THERE IS A LIGHT AT THE END OF THE TUNNEL?