What does it take to nearshore SW development to Greece?

22 08 2012

I asked this question to the Greek IT network on LinkedIn

I was wondering what is stopping Greek SW developers from getting organised and offering nearshoring services to European companies.I am looking for people for our Indian office and the salaries are comparable to what I expect to find in Greece and certainly higher than Romania, Bulgaria or Serbia.From my experience, I would say Geek developers don’t get the chance to work on full scale projects through the whole lifecycle. So I suspect there is a lag in professionalism, at least for the freelancers.I had the opportunity to work on my own project end-to-end from development to sales and I’d say if you’ve never gone from product to client it’s difficult to grasp the whole thing.

I then asked the respondents to fill up a survey that would show us what are those factors that are limiting the nearshore activity in Greece and here are the results from the 30some responses (until 16/08/2012):


And the big one:

Three factors have similar percentage (~50%) and these are lack of confidence, short term strategies and stability in the country.


Apple: brilliant marketing, unacceptable tech retention, unbelievable market distortion

13 08 2011

Among the many sources that refer to the alleged extortion of Apple towards publishers in order to get Amazon and other e-booksellers of the e-shelf. It takes a couple of unorthodox measures to be the No. 1 company in market capitalisation….

Crisis management and letting dead assets go

30 03 2011

What do the accidents of Fukushima and Gulf of Mexico teach us? That crisis management, at least as exercised to large accidents, has its flaws. What is common between the handling of the two situations, is that, at least to me, the ones in charge did not consider the consequences of their actions to save the asset. Because they were both focused on saving the asset. At some point the asset is dead. You have to let it go and your actions should concentrate on damage control.

Instead, people are trying to save the asset, going past that point where there is no way back – at least none with reasonable cost, incurred in money, lives and well into the future. So why do they do it? I am not sure, I can only guess. I can depict those rooms where people are sitting down trying to put together the crisis management plan. I am pretty sure, the target is to save the asset by all means and no “what if” questions are asked. The plan is laid down and the “ideal” path is carved towards the target. Any possible deviations along the way are treated to return to the predetermined path. No uncertainty is considered. The probability of failure is not assessed from the beginning to allow for measures to be taken before departing on the trip with no return.

I am sure, if the robustness of the situation was properly assessed in the beginning, if the possible alternative paths were considered from day 1, if the overall cost of each solution was calculated, those responsible would seal the well in the Gulf of Mexico before killing all the wildlife, local economy and even BP. Similarly, those in Fukushima would put the factory in a sarcophagus and mitigate the effects on the environment and the Japanese economy. Some things are so obviously out of control that only reducing the damage makes sense.

I hate to say this: but what will the Fukushima people do (and Japan as a whole indeed) if another earthquake and tsunami strikes now?

Just let the dead assets die…

ensure_distance(“Value check”,fpvto->getValues()->at(0),0.9998829,1.e-4);

The malaise of the Greek economy

23 08 2010

Greece’s fiscal and other problems are by now known to literally everyone. However, the recent developments in that economy make it an interesting subject on which, besides the fact that I have personal interest, I worked on in an Economics assignment during my MBA studying. I post much of that work here, enhanced with my personal and purely subjective point of view.

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Suppose that the Greek economy is experiencing a recession

9 05 2010

It’s been long since I wanted to comment on the fiscal problems of Greece but could not do so because of lots of work. I will start with this little excerpt from the answers provided to questions in an Economics textbook. The book is Macroeconomics, by N. Gregory Mankiw, Harvard University and Mark P Taylor, University of Warwick. It is published by Cengage Learning EMEA in 2007. Here’s the piece:

2. Suppose that the German economy is experiencing a recession while other countries in the Eurozone are in long-run macroeconomic equilibrium.
a. What would happen to interest rates on long-term government bonds issued by Eurozone governments if the German government were to increase its budget deficit dramatically to finance additional government spending? Explain your answer.
Interest rates on Eurozone government bonds would rise. A dramatic increase in the German government’s budget deficit would increase the risk of holding German government debt and so the financial markets would demand a higher rate of return for holding this debt. Because the other Eurozone governments would be expected to assist the German government in the event that it ran into difficulty in meeting its obligations to its creditors, so transmitting some of the increased risk to them, the financial markets would not demand as a high a return on German government bonds as would otherwise be the case. (There would be a free rider problem.) The markets would also demand a higher rate of return for holding the bonds of other Eurozone governments too.
b. What might the members of a currency union do to counter this problem?
They might agree limits on the size of the budget deficits that member governments would be permitted to run.
c. What might reduce the need for the German government to increase its
budget deficit in these circumstances?
Increased labour mobility and increased real wage flexibility, which would act to prevent unemployment rising so high in Germany when aggregate demand was depressed. The Eurozone countries could also agree to operate a Eurozone-wide fiscal policy so that additional government spending in recession-hit Germany could be financed by tax revenues raised from across the Eurozone.

Anyone said we did not know what will happen? And indeed, anyone said that studying economics does not make sense? So the Germans new very well what they should do. They just didn’t want to do it. I can understand this, it’s paying back with the same coin of distrust and treason. But that makes all of them traitors of the idea. It’s the politicians’ meddling that once again blocked the solution. You can find the excerpt here and the book here.

That’s what you get for violating your own principles

23 02 2010

Today the boss of Toyota has admitted that the firm’s rapid expansion may have led to safety issues which saw the recall of 8.5 million vehicles worldwide. Well, that’s what you get for violating your own principles. Why on earth did you want to overtake GM in the first place?

What on earth does the EU needs Greece for?

20 02 2010

– What do we need a country full of lazy people that retire at 55 and want to steal our money?

Answer: no clue, why did you put them in in the first place?

I am enjoying lately so much reading what the press is saying about Greece. I once thought we are spending a lot of money in EU products, after all we import everything even olive oil to lower the quality of our own. People in Greece are largely underpaid (1500€ is an excellent salary), work long hours without overtime compensation, will never retire and if they do they’ll do it for peanuts. Their EU peers, they believe, are paid much more, will retire and enjoy their savings in their holiday house in Greece.

Now it seems things are not like this. It is the Greeks that conduct a lucrative life on the backs of the europeans. Life is easy in Greece and money pours in. Then why don’t they all go to Greece? I’d like to see that.

So much for the solidarity in the EU. Whenever there’s trouble, press and folk ask for somebody’s head. This time it’s the Greeks, as a nation… They’re all so bad…