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.........

Monday, April 12, 2010

Hungary: Sweeping victory for "Fidesz"..[ 903 ]

Fidesz wins Hungary election

Budapest ,BBJ ONLINE-Monday 7:55, April 12th, 2010
Viktor Orbán declared a sweeping victory for his center-right Fidesz party Sunday and told supporters that leading Hungary as prime minister would be the biggest task of his life.

Orban, the prime ministerial candidate of Fidesz, says the challenge is to defeat "hoplelessness" [EPA]

All the opinion polls had pointed to a Fidesz victory, and the weight of expectation to act quickly to put Hungary back on a track of sustainable growth after near financial collapse will be immense, from Hungarians and investors alike.

Fidesz pushed the ruling Socialists to a distant second, ahead of the far-right Jobbik party, but it was still not immediately clear whether Fidesz would win the two thirds majority in parliament it needs push through vital reforms.

A second round of voting will be held on April 25 when the remaining 121 seats will be decided.

Economists say Orbán will need to implement deep reforms to reduce the local government sector and make the health care and education systems more efficient.

"On this splendid day Hungarians have expressed that Hungary is united, Hungary has power, is able to do great things, it wants, jobs, order and safety, Hungarians have shown to the world that it's again good to be Hungarian," he told 2,000 cheering supporters in central Budapest.

He said Hungarians had "defeated hopelessness," adding: "I feel it with all my nerves and know it deep in my heart that I face the biggest task of my life. I will need all the Hungarian people to solve that."

Fidesz, which last ruled between 1998 and 2002, campaigned on cutting taxes, creating jobs and supporting local businesses to boost to Hungary's ailing economy.

"We have been waiting for this for eight years; no, for 22 years, since Fidesz was founded," Magdolna Karbácz an entrepreneur from the western city of Szekesfehervar said at Fidesz headquarters in downtown Budapest.

The Socialist government led by technocrat Gordon Bajnai since April 2009 made painful budget cuts to rein in the deficit under a deal led by the International Monetary Fund, which provided emergency financing for Hungary amid a crisis in 2008.

The country's economy contracted by 6.3% last year, while unemployment is running at 11.4% - the highest since 1994 - which has further increased public discontent.

TWO-THIRDS MAJORITY?

Fidesz secured 206 out of 386 parliamentary seats, the National Election Committee said on its website based on numbers on individual constituencies and party list votes. The Socialists gained 28 seats, ahead of the far-right Jobbik party which had 26 seats in the first round.

Green liberal LMP is the fourth party which passed the threshold to get into parliament, and secured 5 seats.

Analysts said ahead of the results that if Fidesz won 53%-55% of party list votes and 120-130 seats in individual constituencies in the first round, it stands a strong chance of securing two-thirds of the seats.

"The Socialists and Jobbik are below 20%. This means that Fidesz has a good chance to garner two-thirds of parliament seats even if it will lose some seats in the second round," said Attila Juhász, analyst at Political Capital after the results.

Orbán was the prime minister heading the last Fidesz government and many supporters hope his government will restore Hungary's national pride.

Analysts said Fidesz' strong victory was expected to have a neutral or slightly positive impact on financial markets and the forint Monday as the election result had been expected."I expect moderate strengthening of the forint and a drop in government bond yields tomorrow ... Global developments like Greek news and US economic figures are also supportive," said analyst Gergely Suppán of Takarékbank. (Reuters)


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