The letter (?) to Maximus and the “joys” in… the malls and the anger of Leros and the “only” Coca-Cola – The Economic Postman

The big day has arrived, as Federal Reserve Chairman J. Powell announced today at the Jackson Hole Symposium.

The whole world is waiting to get a signal that the world’s largest central bank will give it about interest rates.

Along with the people of Athens, who saw the Amman Stock Exchange trapped in the waiting room this week, following a narrow path of low interest.

No matter how much we argue about AXA’s “independence,” the Athens Stock Exchange’s over-reliance on the mood of global markets will not be broken.

Of course, as has happened many times in recent months, Powell’s Fed speech may turn out to be less enlightening than expected.

It is not unlikely (in fact, on the contrary) that he will confirm the “slogan” of his counterparts in Europe that future decisions will depend on data.

Safe game for policy makers…

The Olympic Games supported France.

On European soil, the data confirmed the strong boost the eurozone received from the Paris Olympics, which boosted private sector growth at its fastest pace in three months.

For the French economy in particular, preliminary data showed that it benefited in August from its stability, as a sharp rise in the country’s services sector offset continued weakness in manufacturing.

comparison with greece

So comparisons with the Athens Olympics are reasonable, even though 20 years have passed.

However, no matter how much doubt there is about whether Greece should do it or not, the study prepared by the IOBE was clear.

He concluded that Greece’s GDP would have fallen by 2.5% had the Olympic Games not been held in 2004.

In fact, he said, if the Olympic facilities had been better used, the benefit would have been greater.

So…it’s all about management.

Didn’t the Olympics bankrupt us?

But in any case, the organization of the Olympic Games in Athens “falls” into the soft underbelly of the Greeks, although there is no shortage of moments of national pride.

But the criticism stems from a feeling that the organisation has cost the Greeks more than they can afford.

But it is enough to look at the country’s debt in 2004, when it was 183 billion euros, while in 2009 it reached 299 billion euros.

In other words, we are talking about more than 100 billion in debt added in a five-year period.

After five years of games..

Leros’s anger

24 hours after the “aggressive” reception of the Minister of Health Adonis Georgiadis, a resident of Leros, the decision of the Ministry of Shipping to develop the port of Lakki was issued.

I don’t know if it’s a coincidence, but the project will cost 800,000 euros, on infrastructure that is dangerous for pedestrians and vehicles.

The amount was not very large, so it did not take long. In addition, Minister Georgiadis himself saw the chaos in which the ports on several islands were located and put pressure on the residents of Akti Vasiliadis building.

After all, Leros was not among the 17 port projects included in the development programme of strategically important contracts.

Change stick in OLTH

And since we’re talking about ports, an old acquaintance returns to the port of Thessaloniki.

Yannis Tsaras took over as director-general of the organization after the resignation of Dutchman Arie Kopelaar.

Now what happened? The Dutchman only stayed in office for ten months.

Letter to Maximus?

However, Mr. Tzara’s attitude, apart from being a man who knew the port well, was seen by many as a message to Maximus.

The head of the Public Works Authority for six full years, in the period 2004-2010, in the joint capital is considered an old Karamanlik, which should not “excite” Megaros Maximus.

Cohabitation allowances… retail

I wrote to you yesterday about the retail battle, with a focus on supermarkets.

However, as we learned, the battle is escalating and alliances are already being formed. On a different basis now.

Ten years ago we had “roommates” because of the need to cut costs. But now powerful retail brands see “roommates” with a different eye.

Aims to bring the consumer to the center

From the idea of ​​IKEA, Intersport and Holland & Barrett coexisting in a Fourlis retail centre, to their coexistence with Plaisio at the airport and the concepts that major brands want to share spaces with.

Such as Kritikos with Jumbo in Argos, and deals such as Pepco with AB Vassilopoulos, which show the level of cooperation between companies that are not competitors by nature.

The goal is to improve the efficiency of each point of sale with the expected increase in traffic and create new poles of interest – usually done by… socializing or “washing hands”…

“Her only journey.” Coca Cola

Of course, Coca-Cola doesn’t need partnerships to continue its good run.

That’s why the strong execution of its business plan is already baked into the numbers, Eurobank Equities also found, which, however, sees share margins narrowing.

The price essentially includes an increased risk premium due to its exposure to emerging markets.

Therefore, positive surprises at the operational level are needed to restore the Buy recommendation, which he downgraded to Hold, as the stock remains 10% below its long-term average.

However, the listed company has a healthy balance sheet and is well positioned to take advantage of the growing soft drinks market.