The Hellenic Navy (HN) (Greek: Πολεμικό Ναυτικό, Polemikó Naftikó, abbreviated ΠΝ) is the naval force of Greece, part of the Greek Armed Forces. The modern Greek navy has its roots in the naval forces of various Aegean Islands, which fought in the Greek War of Independence. During the periods of monarchy (1833–1924 and 1936–1973) it was known as the Royal Navy (Βασιλικόν Ναυτικόν, Vasilikón Naftikón, abbreviated ΒΝ).The total displacement of all the navy's vessels is approximately 150,000 tons.The motto of the Hellenic Navy is "Μέγα το της Θαλάσσης Κράτος" from Thucydides' account of Pericles' oration on the eve of the Peloponnesian War. This has been roughly translated as "Great is the country that controls the sea". The Hellenic Navy's emblem consists of an anchor in front of a crossed Christian cross and trident, with the cross symbolizing Greek Orthodoxy, and the trident symbolizing Poseidon, the god of the sea in Greek mythology. Pericles' words are written across the top of the emblem. "The navy, as it represents a necessary weapon for Greece, should only be created for war and aim to victory."...............The Hellenic Merchant Marine refers to the Merchant Marine of Greece, engaged in commerce and transportation of goods and services universally. It consists of the merchant vessels owned by Greek civilians, flying either the Greek flag or a flag of convenience. Greece is a maritime nation by tradition, as shipping is arguably the oldest form of occupation of the Greeks and a key element of Greek economic activity since the ancient times. Nowadays, Greece has the largest merchant fleet in the world, which is the second largest contributor to the national economy after tourism and forms the backbone of world shipping. The Greek fleet flies a variety of flags, however some Greek shipowners gradually return to Greece following the changes to the legislative framework governing their operations and the improvement of infrastructure.Blogger Tips and Tricks
This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς....This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς.........

Tuesday, February 14, 2012

China vows to help on eurozone debt...[ 2703 ]

China Premier Wen Jiabao vows to help on eurozone debt




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China's Premier Wen Jiabao: ''We are facing enormous challenges''
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BBC., 14 February 2012 Last updated at 11:40 GMT
 
China has promised to help resolve the eurozone's debt crisis, after talks with EU leaders in Beijing.
Premier Wen Jiabao offered co-operation to help stabilise debt-ridden EU nations, but made no specific promise to invest in a European bailout fund.
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EU leaders have been seeking Chinese money to help bolster a planned fund of about 500bn euros ($665bn; £420bn).
In another sign of the EU's troubles, credit-rating agency Moody's earlier downgraded Spain, Italy and Portugal.
Moody's also downgraded the credit outlook for France, the UK and Austria.
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The crisis in eurozone counties has intensified in recent days.
Greece passed a package of severe cuts late on Sunday, demanded by the EU and IMF in return for a 130bn euro bailout.
But the austerity measures have proved deeply unpopular and caused riots in Athens.

No commitment
Europe is China's biggest trading partner, with trade worth 560bn euros flowing between the two last year.
European leaders have long courted Chinese investment in their bailout fund.
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Jose Manuel Barroso: ''We need to work closely together on different fronts''
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In a joint news conference with European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso, Mr Wen said China was willing to "increase its involvement" in attempts to stabilise the eurozone.
"China is firm in supporting the EU side in dealing with the debt problems. We match our words with our actions," he said.
"We are willing to conduct close communication and co-operation with the EU side."
He reiterated that China supported the EU and hoped the bloc would continue to "send clear, strong and positive messages" about stability.
But he offered no specific investment.
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A press statement released after the talks listed 31 points of agreement covering a range of issues from cyber security to urban development.
But the statement made no mention of the eurozone crisis.
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The BBC's Damian Grammaticas in Beijing says China has made similar promises to increase involvement in the past, but has been reluctant to follow through.
Mr Van Rompuy told reporters that he welcomed Mr Wen's comments.
"It is up to China to make its own decision in order to contribute to the stability of the eurozone," he said.
"We agreed that we will co-operate with each other in these matters."
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But analysts say it appears the EU delegation failed to get the solid commitment they wanted from China.
Mr Wen and other Chinese officials at the International Monetary Fund (IMF) warned last week that a recession in Europe could halve China's growth rates.
EU officials had hoped that such reports would encourage China to be more forthcoming.
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