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.........

Friday, October 5, 2012

Greece to Finalize Deal With Troika ...[ 2953 ]

Greece Races to Finalize Deal With Troika

  • EUROPE NEWS
  • October 5, 2012, 11:08 a.m. ET

By STELIOS BOURAS and ALKMAN GRANITSAS

 

ATHENS—Greece was racing to secure a deal on reforms with a troika of international inspectors Friday that would allow fresh aid to the country, but European officials signaled that a decision on the aid could be delayed further.
After five hours of talks Friday, no deal was reached and the two sides will meet again Saturday morning, a senior finance ministry official said.
-
Greece has this week been locked in negotiations with representatives from the International Monetary Fund, the European Union and the European Central Bank—also known as the troika—over a two-year, €13.5 billion ($17.6 billion) austerity plan ahead of a meeting Monday of euro-zone finance ministers, where a final agreement on the cuts and tax measures looks increasingly unlikely.
-
"The government and the troika are working on a 24-hour basis so that at Monday's Eurogroup meeting that will take note of progress made and Greece is put on the summit's agenda," said a finance ministry official.
European leaders are expected to meet Oct. 18 and Oct. 19 in Brussels, where the Greek government hopes they will approve the next €31 billion aid tranche to the country under the terms of its latest €173 billion bailout.

Despite optimism from Athens that a decision on its aid tranche will soon be made before the country runs out of cash by the end of November, a senior euro-zone official in Brussels ruled out any developments at next week's finance ministers' meeting.
He said there is still much work to do and it will take time for the troika of Greece's official lenders to finish their report on Greece.
-
He said no final decision on a Greece disbursement is likely within "a week or two" after next Monday's Eurogroup meeting, a signal that a decision may well not come until next month.
-
Talks on the cuts in Athens are continuing with the troika disputing measures of some €2.5 billion in the austerity plan to be implemented over the next two years. The troika is also pushing Greece to front load more of those measures with the bulk of the spending cuts—some €9 billion—to be made next year. In the 2013 draft budget submitted to parliament earlier this week, the Greek government penciled in some €7.8 billion worth of austerity measures for next year, with the balance to come in 2014.
-
According to several Greek government officials, the talks Friday did lead to some progress, particularly on privatizations and structural reforms that Greece must also undertake.
Athens hopes to help solve some of its economic problems through political channels; German Chancellor Angela Merkel is set to visit Athens on Tuesday, marking the first visit to Greece by a German chancellor in five years.
"The visit…will definitely be a further step in important future European decisions," said Greek government spokesman Simos Kedikoglou in a statement. In separate remarks, Greek Prime Minister Antonis Samaras said the visit was a "positive development."
-
—Laurence Norman and Matina Stevis in Brussels contributed to this article. Write to Stelios Bouras at stelios.bouras@dowjones.com and Alkman Granitsas at alkman.granitsas@dowjones.com
Αναρτήθηκε από στις
Ετικέτες

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)