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.........

Thursday, August 30, 2012

Chinese Premier visiting German Chancellor..[ 2913 ]

Wen Tells Merkel Spain, Italy, Greece Need More Reforms

By Bloomberg News - Aug 30, 2012 1:12 PM GMT+0300

Chinese Premier Wen Jiabao told visiting German Chancellor Angela Merkel that Spain, Italy and Greece must take “comprehensive measures” to prevent a worsening of the euro region’s sovereign-debt crisis.
“The main worries are two-fold: First is whether Greece will leave the euro zone,” Wen said today in Beijing, according to a pool report. “The second is whether Italy and Spain will take comprehensive rescue measures. Resolving these two problems rests with whether Greece, Spain, Italy and other countries have the determination for reform.”
  Wen Tells Merkel That European Nations Must Step Up Overhaul
German Chancellor Angela Merkel and Chinese Premier Wen Jiabao hold bilateral talks inside the Great Hall of the People in Beijing, on Aug. 30, 2012. Photographer: Diego Azubel-Pool/Getty Images
Merkel Looks to Reassure China on the Euro
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Chinese Premier Wen Jiabao told visiting German Chancellor Angela Merkel that Spain, Italy and Greece must take “comprehensive measures” to prevent a worsening of the euro zone’s sovereign debt crisis.
  Wen Tells Merkel Spain, Italy, Greece Need to Step Up Overhaul
Angela Merkel, chancellor of Germany, center right, tours the Nanluoguxiang hutong in Beijing, China, on Thursday, Feb. 2, 2012. Merkel is on a two-day official visit. Photographer: Nelson Ching/Bloomberg
 
  Wen Tells Merkel Spain, Italy, Greece Need to Step Up Overhaul
Wen Jiabao, China's premier, right, and Angela Merkel, Germany's chancellor attend the welcoming ceremony at the Great Hall of the People in Beijing. Photographer: Mark Ralston/AFP/Getty Images
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Europe’s slump is deepening as governments struggle to restore investor confidence and companies eliminate jobs. Economies are stalling or contracting amid concern about a possible Greek exit from the euro and the ability of Spain and Italy to service their debts.
Wen said he was more confident about the euro area after meeting today with Merkel. Their meeting coincided with the signing of a $3.5 billion agreement for the leasing arm of Beijing-based Industrial & Commercial Bank of China Ltd. to buy 50 Airbus SAS A320 aircraft, one of more than 10 accords signed today, the official Xinhua News Agency reported. 
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“China definitely has more leverage here,” Fredrik Erixon, head of the Brussels-based European Centre for International Political Economy, said in a telephone interview. “Europe is really, really keen on getting more market access to China. European companies want to shift sales to growth markets.”

European Debt

China is willing to keep investing in euro-area debt “on condition of fully evaluating the risks,” Wen said to reporters.
“After I heard her views, it increased my confidence,” Wen said at the Great Hall of the People. “But I must honestly say, the implementation of these measures won’t be completely smooth.” Wen said he was “worried” about the European debt crisis.
The European Union is China’s second-biggest export market after the U.S., and shipments are plunging, exacerbating the slowdown in China’s own economic growth. China’s exports to the EU fell 16.2 percent in July from a year earlier, with sales to Italy falling 35.8 percent, according to Chinese customs figures.

Slowing Growth

In addition to winning contracts for German companies, Merkel is trying to convince Wen and other Chinese leaders that the euro region is a good place to invest. She also met with President Hu Jintao and Vice President Xi Jinping today.
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Gross domestic product in the 17-nation currency bloc fell 0.2 percent from the first quarter, the EU’s statistics office said Aug. 14.
The euro has depreciated 3.2 percent against the dollar this year after Spain and Cyprus were both forced to ask for external aid in June, joining Greece, Ireland and Portugal. The European currency traded at $1.2551 at 11:02 a.m. in Brussels, up 0.2 percent on the day.
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Merkel said “it’s very, very important that we regain confidence in all the countries” of the euro region and thanked China for maintaining confidence in the joint currency. Merkel said she told Wen that euro-area nations are overhauling their economies “and that there is an absolute political will in the euro zone to make the euro a stable currency again.”
To contact Bloomberg News staff for this story: Michael Forsythe in Beijing at mforsythe@bloomberg.net
To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net
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