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.........

Sunday, August 26, 2012

Merkel :‘Weigh Your Words’ on Greece...[ 2908 ]

Merkel Warns Government Allies to ‘Weigh Their Words’ on Greece



By Patrick Donahue - Aug 26, 2012 7:43 PM GMT+0300

German Chancellor Angela Merkel warned her coalition partners advocating a Greek exit from the euro to “weigh their words,” as she signaled a renewed determination to keep the single currency intact.
Asked about comments by a leader of her Bavarian Christian Social Union governing partner calling for Greece to depart, Merkel told ARD television that such remarks were damaging as crisis fighting has reached a “decisive phase.” Alexander Dobrindt, the CSU’s general secretary, told today’s Bild newspaper that Greece wouldn’t be part of the 17-nation euro area next year.
“Everybody should weigh their words very carefully,” Merkel told ARD today in Berlin. The Greek government under Prime Minister Antonis Samaras is undertaking “serious efforts” to reduce its debt, she said, and repeated that Germany will stand by the country where the crisis originated.
Merkel also called the permanent bailout fund, the European Stability Mechanism, “absolutely necessary” to overcome the crisis and signaled that she’s confident that the Federal Constitutional Court will approve the measure when it decides on the matter on Sept. 12.
“I think we’ve brought forward good arguments” for the ESM, Merkel said, alluding to the euro-area’s fiscal pact.
The German leader said the European Central Bank has a “very clear” mandate to ensure the single currency’s stability and that any plan decided under ECB President Mario Draghi will conform with that mandate.

Sovereign Purchases

Responding to criticism over sovereign debt purchases made by Bundesbank President Jens Weidmann, Merkel said she welcomed input from Germany’s central bank.
“I think it’s a good thing that Jens Weidmann continues to make demands on policy makers,” Merkel told ARD.
Weidmann told today’s Der Spiegel magazine that a proposed new wave of sovereign bond purchases by the ECB may increase governments’ reliance on such funding and won’t help solve the euro-area debt crisis.
“We shouldn’t underestimate the danger that central bank financing can become addictive like a drug,” Weidmann said in an interview with Spiegel. “Such policy is too close to state financing via the money press for me.”
To contact the reporter on this story: Patrick Donahue in Berlin at pdonahue1@bloomberg.net
Αναρτήθηκε από στις
Ετικέτες

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)