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He added that approval of the austerity measures would also pave herve leger red dress the way for a second rescue package for Greece Cheap Air Force 1 White , which has so far failed to meet its deficit-reduction targets while facing a mountain of public debt. The Greek economy is on course for a painful contraction this year, heightening concerns about the government’s ability to pay back its loans and put the economy on a more competitive footing.
International markets have been rattled for more than a year over the debt crisis in Greece and the mounting woes of Ireland and Portugal, two other Eurozone countries that have had to seek emergency bailouts from the European Union and the International Monetary Fund.
All eyes are now on Athens, where violent public demonstrations and a revolt brewing in Prime Minister George Papandreou’s ruling Socialist party have thrown the fate of his proposed austerity measures into doubt.
by Xu Haijing, Matt Walsh
CANBERRA Cheap Air Force 1 Black , Aug. 9 (Xinhua) -- More Australians, business and academic, have urged the government to be more flexible on China's Belt and Road Initiative, especially when in the case of developing northern Australia.
Shadow Foreign Minister Penny Wong said at a foreign policy forum organized by the Australian National University (ANU) on Tuesday that Australia should establish a China policy "that begins with what China actually is, rather than through the lens of risk management".
Talking about the Belt and Road Initiative Cheap Air Force 1 Red , she said that "we need a policy that looks at the Belt and Road Initiative with an eye to identifying points of mutual interest and complementarity rather than reflexive negativity. We should be prepared to look at individual initiatives under the BRI and, where determined on a case by case basis, pursue those that accord with our national interests."
Proposed by China in 2013, the Belt and Road Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes. It comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
Amy King, senior lecturer at the Strategic and Defence Studies Centre at the ANU's Coral Bell School of Asia Pacific Cheap Air Force 1 Mens , said Australia should "think seriously what the Belt and Road Initiative is and what it means for the region" before taking a cold stance on it.
She suggested that Australia should investigate whether there are aspects of the Belt and Road Initiative in which Australia would like to cooperate with.
Professor Hugh White, strategic studies expert from the Australian National University (ANU) has said that Australia's Northern Territory - which is far removed from major cities Sydney And Melbourne - would benefit greatly from attracting Chinese investment.
He said the Northern Territory's economy was slower than that of the rest of Australia, and considering its proximity to Southeast Asia, it would "seem pretty logical" to sign up to Belt and Road.
"China is going to be a very powerful, very rich Cheap Air Force 1 Womens , very influential country in our region, and we're going to have to learn how to deal with it," White told the Australian Broadcasting Corporation (ABC) on Tuesday.
"If you look at it from an economic point of view - and you look at the way it connects us with the government's own plans for northern Australian development - it would seem pretty logical to sign up."
White's sentiment is shared by the president of the Northern Territory chapter of the Australia China Business Council (ACBC), Daryl Guppy, who has already begun showcasing Territory-based businesses in China.
"The reality is we don't have our own internal domestic funding that will help develop northern Australia Cheap Air Force 1 ," Guppy said.
"This is the sort of thing we're interested in: being able to attract Chinese investment to help with develop the north long-term infrastructure program."
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