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.

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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, March 21, 2010

China : trade deficit ?...[ 763 ]

Minister: China likely to see trade deficit

A bank worker arranges stacks of 100-yuan notes in Suining in southwest China's Sichuan province on Saturday.

A bank worker arranges stacks of 100-yuan notes in Suining in southwest China's Sichuan province on Saturday.

Beijing, China (CNN) -March 21, 2010 2:11 a.m. EDT-

China is likely to see a trade deficit in March, the country's commerce minister said in Beijing Sunday.

The dip in red will reverse a months-long trend for China's trade balance that had seen an uptick for most of the mid- to late-2000s.

But during the first two months of this year, the trade surplus fell by 50.4 percent, according to figures from the General Administration of Customs, the China Daily newspaper reported.

Internationally, China is under growing pressure -- especially from the United States -- to appreciate the value of the yuan.

Such calls are "irrational," said Commerce Minister Chen Deming Sunday. The yuan's role in trade balance is limited, he said.

Instead, Chen asked nations to loosen the restriction on the import of products.

Trade protectionism "might lead to double dip of the global economy," he said.

Chen's remarks were made at the China Development Forum 2010 and reported in state-run media.

His comments were in line with those made last week by Chinese Premier Wen Jiabao who said China would resist calls to appreciate the yuan and keep its currency "basically stable."

Wen also urged the United States and the European Union to lift restrictions on exports of certain technology to China.

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