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If this is so, that compensation per labour outout is more or less the same in Greece and Germany, how can it be that Greek companies can't compete?

Seems to me Greek politicians should ask themselves what they should change in their country to attract and keep succesful companies in their nation.

Why should I choose Greece over say Bulgaria, Poland or India when I choose where to site a new factory manufacturing say, advanced cables, or machinery?

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sun Jun 19th, 2011 at 10:16:48 AM EST
[ Parent ]
Why was Brodosplit closed as a condition of EU accession for Croatia?

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Sun Jun 19th, 2011 at 10:19:47 AM EST
[ Parent ]
I can't really recall. But it had something to do with subsidies.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sun Jun 19th, 2011 at 10:27:14 AM EST
[ Parent ]
And I don't thuink Brodsplit has actually been closed, either.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sun Jun 19th, 2011 at 10:27:52 AM EST
[ Parent ]
It's not going to be producing many civilian boats any more.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Sun Jun 19th, 2011 at 10:29:32 AM EST
[ Parent ]
It's built three this year already. http://en.wikipedia.org/wiki/Brodosplit

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sun Jun 19th, 2011 at 10:39:28 AM EST
[ Parent ]
Any new contracts for future production?

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Sun Jun 19th, 2011 at 10:50:11 AM EST
[ Parent ]
I've got no idea. I usually only read the annual reports of companies I consider investing in, for myself or the foundations.

But, yes: http://www.brodosplit.hr/eng/PRESSCENTER/Newsrelease/tabid/3061/articleType/ArticleView/articleId/96 7/Building-of-bulk-carriers-is-contracted.aspx

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sun Jun 19th, 2011 at 11:14:35 AM EST
[ Parent ]
You seemed to have an opinion about the quality of the output, though.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Sun Jun 19th, 2011 at 10:30:00 AM EST
[ Parent ]
The ships are of excellent quality, just like the oil tankers we used to build in Sweden were. But you know what? They couldn't compete. They were too expensive. So we had to close the shipyards, as we didn't feel like dumping unlimited amounts of taxpayer money into loss-making companies for ever and ever.

We could still build excellent ships in Sweden. But no one would buy them for the prices we would require to cover our costs. That's just the way of the world.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sun Jun 19th, 2011 at 10:35:32 AM EST
[ Parent ]
We could still build excellent ships in Sweden. But no one would buy them for the prices we would require to cover our costs.

And now...

... you can't.

But I'm sure the strong krona was worth it. For the lawyers.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Jun 19th, 2011 at 10:48:04 AM EST
[ Parent ]
That industry didn't collapse as a result of the strong krona, it collapsed due to too high salaries 30 years ago.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sun Jun 19th, 2011 at 11:15:37 AM EST
[ Parent ]
Does Sweden still build its own military or coast guard ships?

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Sun Jun 19th, 2011 at 11:31:31 AM EST
[ Parent ]
Only submarines (for the Navy), small patrol boats (circa 25 metres, for the Navy and Coast Guard) and small amphibious assault craft (15-25 metres, for the Swedish Marines).

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sun Jun 19th, 2011 at 12:37:08 PM EST
[ Parent ]
The point being, in the EU you're allowed to have industrial subsidies as long as you use the military for cover. Just like the US and its crassly Keynesian Military Industrial Complex.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Sun Jun 19th, 2011 at 06:13:48 PM EST
[ Parent ]
According to Jones, it's a capital account problem

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Sun Jun 19th, 2011 at 11:34:37 AM EST
[ Parent ]

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