In this video I summarize the milestones Fon achieved last week, which was one of the best ones of my business life.
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Posted on FON | 4:39 am
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This is the year in which Europe will either fall apart or emerged stronger. I give it 75% that it emerges as a stronger union but the risk of collapse is still there. Germany has the key to solve the problem because of the size of its economy, its saving rate and its export volume. Germany has to decide on whether it continues to transfer some of its wealth in order to create markets for its exports or it let’s Europe fall apart and ends up with an overvalued currency and deteriorated markets. Already today it started paying negative interest rates which is a prelude in my view to a huge rise in the DM should it be born again. Tough choice. I think Germany can actually both save Europe and make money by buying underpriced Italian and Spanish bonds and selling them after stabilization. It can do what the FED did with many financial institutions, make a profit by providing much needed liquidity at a critical time.
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Posted by David - October 9, 2007 6:10 am - #
I have one observation to make. I personally think FON is a great idea and eventually it has the potential to be part of many people’s daily life. In oder to reach that stage, customer service is no doubt a very key element of success. Unfortunately I am not seeing that is a feature of FON and in truth it is a big draw back, I have emailed your CS for help and now I have waited for 3 days, nothing happened but an auto- reply.
I do heope that some more attention and resources can be allocated to bring the customer service up to speed. FON will go no where if this cannot be fixed.
My 2 cents