THE OCCUPATION OF GREECE

By , May 20, 2010 7:07 PM

Occupation of Greece: again!

Almost seventy years go Greece was occupied military by the Italian and German fascist regimes. How we the children of that period can forget this brutal occupation since it has left a permanent impression on our lives. Fortunately we had then royal and courageous allies the partisans and the Red Army who destroyed this brutal dragon of occupation and we become free again (?) within four years.
Yesterday, seventy years later, Greece is occupied again economically and politically by the American and European, mostly German again!) bankers and money lenders.
In absence of royal friends this new occupation is planned to last at least ten and possible twenty years. I sympathy, heart and mind are with the young and the future generations.

Have we learnt anything from the past?

Sincerely
Louis

WE RECEIVED THE CASH BUT WHAT NEXT….

By , May 19, 2010 9:43 PM

Dear Colleagues and Copatriots

WE RECEIVED THE CASH BUT WHAT NEXT?

After many weeks of anxiety, uncertainty and difficult negotiations Greeks can now relax hoping that by this time in 2014 Greece will get rid of this massive debt.
However the question in every ones lips is: what happens after May 2014?
The imposed austerity measures alone would not be sufficient to pay out the debt.
Knowing very well the slow bureaucratic process in Greece, the very slow pace at which court cases and disputes are settled, lengthy building approvals which take years to resolve due to very complex procedures and the existing filtering mechanisms.

So, before we know, the three years will pass like a flash and very soon we will be in a similar situation if nothing is done NOW.

Come May 2014, the most likely scenario will be “roll over the principal and interest” for a short term at “higher interest rates as the finance markets will not trust us for longer term loans.

Therefore a great effort must be given to avoid this unwelcomed situation… It is imperative besides the austerity measures to apply effective risk management BEFORE we reach this unfortunate situation.

Some control mechanisms which must be established should include:

1) The streaming of management and administration process in order to improve traceability and accountability, speed up the decision making processes and provide better quality decisions based on well pre-defined milestones.

2) A serious investigation of financial markets and national economic activity to able to predict in advance the impacts of poor economic growth and the reaction of financial markets. Thus the next three years are most critical in building our “credibility “and the “national economy” because these two factors will be the most critical ones in managing future events. Unless we restore these in May 2014 Greece will be asked by the “Troika” to apply further stringent conditions on its people and of course there is a limit on how much pressure the public and the country can withstand. The Greek government must target opportunities and provide the necessary incentives for improving the economic activity in Greece, by creating a healthy business environment, attracting foreign investments, currently almost non existent, and at the some reduce unemployment. Lets hope that most of the bail out monies go to support this effort, otherwise our credibility will reduce even lower and most certainly lead to bankruptcy.

3) The establishment of a “preventive failure mechanism” for “early identification of the sources / indicators which
if these are left uncontrolled will lead us again to failure. Normally one investigates the cause(s) and corresponding effect(s) to understand and plan control countermeasures, however this activity comes after the resulting failures, it is very late as the harm is already done!
In the Greek economic failure situation, between cause(s) and effect(s) a “preventive buffer model” is needed to identify
as “early as possible” the various indicators at their “roots”, and apply control countermeasures as soon as possible before these become uncontrollable leading again to economy failure. Countermeasures may include the sacking of incompetent and corrupt civil servants replacing them with “independent” highly qualified ones who will be appointed to serve the public and NOT their political masters! It is important that key managers would be given well specified job descriptions and performance standards.

In my view unless we change our frozen and rigid approaches in getting things done immediately we will not be better off after three years.

I hope the resulting future events prove me wrong.

Sincerely
Louis Doukas

Dr Louis Doukas

By , April 17, 2010 1:12 PM

WHAT SHALL BE DONE

Dear Colleagues

The last few weeks I have received a large volume of communications
emphasising the current Greek financial crisis and the ethnic problems such
as the “ Scopiano” and the “Turkish Threat”.

I have found the information and the knowledge transferred very interested and
valuable but all this information did not mellow my serious concerns regarding
the future economic development of Greece and the generation of cash flow
to reduce the youth unemployment which is expected to reach 20% by the end
of this year.

The key questions which need researching are:
a) from where the jobs will come?
b) how to create wealth?

Today a major problem for any country is how to operate in a world committed to economic
Competition. For most countries in Central Europe, South East Asia and USA this means industrial competition, growing awareness that innovative strategies and logistics planning for new product development hold a very important place.

development to concerns for financial development and coming up with a business plan.

If the Asian countries can do it, we CAN do it also.
Our concerns should be to change the current unsatisfactory state and lay down the foundations
for the young generation, make a difference and teach the youth NOT to adopt past failed practices.

Yes we CAN DO IT.

Best regards

Louis Doukas
Dr Louis Doukas PhD, MSc,
FIEAust,CPEng.
Assoc Professor in Engineering
Systems Management
Director of Postgraduate Programs
for Systems Engineering
and Integrated Logistics Management
School of Aerospace, Mechanical
and Manufacturing Engineering
Building 57 Level 5
RMIT UNIVERSITY
GPO Box 2476V
Melbourne, VIC 3001
AUSTRALIA
Tel. +61 3 9925 8084
Fax. +61 3 9925 8099
Email: ldoukas@rmit.edu.au

Dr Louis Doukas

By , April 17, 2010 1:10 PM

Dear colleagues

In response to the emails regarding the “Conference” I wish to state:

I my opinion most of the respondents live in an unreal world, they rushing to have a September Conference hoping they will change the direction of the
current political and financial crises. How WRONG THEY ARE!! OF COURSE NOTHING WILL CHANGE AFTER THE CONFERENCE.
I THE PAST WE HAVE MADE MANY SUBMISSIONS AND NOT ON RELEVANT ORGANISATION TOOK ANY NOTICE.

I am disappointed because:

A) there is NO CLEAR definition regarding the PURPOSE OF THIS CONFERENCE i.e. the Key theme of the conference.
B) the KEY objectives which must be accomplished and which support the Purpose of the conference.
C) the deliverables and benefits resulting from this activity are NOT specified or defined.
D) Due to shortage of time, there are perceived risks, few will turn up, politicians, academics in and authorities will be up to their neck
with other urgent issues and they will ignore it not even turning up to the event, particular with the starting of the New academic year
many Greek academics will be busy marking and preparing.
E) the conference program is not established, in absence of a strong program Community
F) Absence of Sponsors may lead to poor media coverage and possible very costly.

There and many other concerns make me feel that for a successful conference at least ONE year Lead Time is needed.

I am NOT against holding a Conference on the contrary I think it is a good idea but lets start aiming HIGH as the first impressions
leave a lasting picture. So this FIRST CONFERENCE should be the key stone for the future ones.

Best regards
Louis
Dr Louis Doukas PhD, MSc,
FIEAust,CPEng.
Assoc Professor in Engineering
Systems Management
Director of Postgraduate Programs
for Systems Engineering
and Integrated Logistics Management
School of Aerospace, Mechanical
and Manufacturing Engineering
Building 57 Level 5
RMIT UNIVERSITY
GPO Box 2476V
Melbourne, VIC 3001
AUSTRALIA
Tel. +61 3 9925 8084
Fax. +61 3 9925 8099
Email: ldoukas@rmit.edu.au

Dr Louis Doukas

By , April 17, 2010 1:08 PM

Dear Friends,
Today’s (17/04/2010) BBCC daily e-mail may be of interest to some.
* Goldman Sachs is accused of fraud *
Goldman Sachs is accused of fraud in a civil suit filed by US financial watchdog, the Securities and Exchange Commission.
Full story:
http://news.bbc.co.uk/go/em/-/1/hi/business/8625931.stm
Dr Louis Doukas PhD, MSc,
FIEAust,CPEng.
Assoc Professor in Engineering
Systems Management
Director of Postgraduate Programs
for Systems Engineering
and Integrated Logistics Management
School of Aerospace, Mechanical
and Manufacturing Engineering
Building 57 Level 5
RMIT UNIVERSITY
GPO Box 2476V
Melbourne, VIC 3001
AUSTRALIA
Tel. +61 3 9925 8084
Fax. +61 3 9925 8099
Email: ldoukas@rmit.edu.au

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