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, September 11, 2012

Greece, and the troika...[ 2922 ]

The Troika



By , About.com Guide


Definition: Troika - If you follow financial and business news in Greece, the troika is mentioned in practically every article. But just what - or who - is The Troika? The troika is a slang term for the three organizations which have the most power over Greece's financial future - or at least that future as it is defined within the European Union. The three groups are the European Commission (EC), the International Monetary Fund (IMF), and the European Central Bank (ECB).
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While Greece squeaked through the end of 2011 with the approval of the Troika, they are now facing an ongoing crisis and new elections in June. So the troika members are back in Athens frequently now, and will be until the next financial aid package is hammered out. If it is...
There is a new variation on "The Troika". SYRIZA leader Alexis Tsipras has derisively referred to the coalition government formed after the June 2012 elections by Antonis Samaras of New Democracy, Evangelos Venizelos of PASOK and Fotis Kouvelis of Democratic Left as the "Domestic Troika".
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Although the word "troika" may conjure up the image of ancient Troy, it is not drawn directly from Greek. The modern word is from Russian, where it means a triad or three of a kind. It originally referred to a type of sleigh drawn by three horses, so it can refer to any thing or situation which involves or relies on the functioning of three separate parts. In its current usage, it is a synonum for a triumvirate, which also means a committee of three overseeing or having power over an issue or organization. For the original, see a picture of a traditional troika from the About.com European Travel guide.
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However, the Russian word may itself have derived from trokhos, a Greek word for wheel. The troika is generally referred to in lower case, except in some article titles, and is often used with "the".
Don't confuse the troika with the term tranche, which refers to different sections of funds of a loan to be released. The troika might comment on a tranche, but they are not the same thing.
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October 14, 2012 at 8:17 AM

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