natgillin/translations-raw huggingface dataset:
Процедурите, посочени в член 6, параграф 1 от Регламент (ЕО) № 1338/2001, придобиват правна сила в участващите държави-членки в съответствие с разпоредбите на член 6, параграф 3 от него.
The procedures referred to in Article 6(1) of Regulation (EC) No 1338/2001 shall have effect in the participating Member States as stipulated in the second subparagraph of Article 6(3) thereof.
When extending Article 6(1) of the amended Regulation (EC) No 1338/2001 to non Euro area Member States, it should be made clear that the ECB is in charge of deciding upon the implementation of its procedures in relation to Euro banknotes.
When extending Article 6(1) of the amended Regulation (EC) No 1338/2001 to non Euro area Member States, it should be made clear that the ECB is in charge of deciding upon the implementation of its procedures in relation to Euro banknotes.
The ECB decided in July 2006 that these procedures will become effective in newly participating Member States once they adopt the Euro.
The ECB decided in July 2006 that these procedures will become effective in newly participating Member States once they adopt the Euro.
Мариела Величкова Баева, Zsolt László Becsey, Pervenche Berès, Sharon Bowles, Udo Bullmann, Manuel António dos Santos, Jonathan Evans, Elisa Ferreira, Jean-Paul Gauzès, Robert Goebbels, Donata Gottardi, Karsten Friedrich Hoppenstedt, Sophia in ‘t Veld, Wolf Klinz, Christoph Konrad, Guntars Krasts, Kurt Joachim Lauk, Andrea Losco, Astrid Lulling, Florencio Luque Aguilar, Gay Mitchell, John Purvis, Alexander Radwan, Bernhard Rapkay, Margarita Starkevičiūtė, Ivo Strejček, Ieke van den Burg
Mariela Velichkova Baeva, Zsolt László Becsey, Pervenche Berès, Sharon Bowles, Udo Bullmann, Manuel António dos Santos, Jonathan Evans, Elisa Ferreira, Jean-Paul Gauzès, Robert Goebbels, Donata Gottardi, Karsten Friedrich Hoppenstedt, Sophia in ‘t Veld, Wolf Klinz, Christoph Konrad, Guntars Krasts, Kurt Joachim Lauk, Andrea Losco, Astrid Lulling, Florencio Luque Aguilar, Gay Mitchell, John Purvis, Alexander Radwan, Bernhard Rapkay, Margarita Starkevičiūtė, Ivo Strejček, Ieke van den Burg
Alexander Alvaro, Philip Bradbourn, Mihael Brejc, Kathalijne Maria Buitenweg, Michael Cashman, Giusto Catania, Jean-Marie Cavada, Carlos Coelho, Panayiotis Demetriou, Gérard Deprez, Agustín Díaz de Mera García Consuegra, Bárbara Dührkop Dührkop, Claudio Fava, Armando França, Urszula Gacek, Jeanine Hennis-Plasschaert, Stavros Lambrinidis, Henrik Lax, Roselyne Lefrançois, Claude Moraes, Martine Roure, Manfred Weber
Alexander Alvaro, Philip Bradbourn, Mihael Brejc, Kathalijne Maria Buitenweg, Michael Cashman, Giusto Catania, Jean-Marie Cavada, Carlos Coelho, Panayiotis Demetriou, Gérard Deprez, Agustín Díaz de Mera García Consuegra, Bárbara Dührkop Dührkop, Claudio Fava, Armando França, Urszula Gacek, Jeanine Hennis-Plasschaert, Stavros Lambrinidis, Henrik Lax, Roselyne Lefrançois, Claude Moraes, Martine Roure, Manfred Weber
Sophia in ‘t Veld, Sylvia-Yvonne Kaufmann, Bill Newton Dunn, Nicolae Vlad Popa
Sophia in ‘t Veld, Sylvia-Yvonne Kaufmann, Bill Newton Dunn, Nicolae Vlad Popa
PE 406.112v02-00
PE 406.112v02-00
относно предложението за решение на Съвета в съответствие с член 122, параграф 2 от Договора за приемане от страна на Словакия на единната валута на 1 януари 2009 г.
on the proposal for a Council decision on in accordance with Article 122(2) of the Treaty on the adoption by Slovakia of the single currency on 1 January 2009
– като взе предвид предложението на Комисията до Съвета ( COM(2008)0249 ),
– having regard to the Commission proposal to the Council ( COM(2008)0249 ),
– като взе предвид препоръката за решение на Съвета за отмяна на Решение 2005/182/EО относно съществуването на прекомерен дефицит в Словакия ( SEC(2008)0572 ),
– having regard to the Recommendation for a Council Decision abrogating Decision 2005/182/EC on the existence of an excessive deficit in Slovakia ( SEC(2008)0572 ),
– като взе предвид своята резолюция от 12 юли 2007 г. относно годишния доклад относно еврозоната
– having regard to its resolution of 12 July 2007 on the 2007 annual report on the eurozone
Приети текстове, P6_TA(2007)0348 . ,
Texts adopted, P6_TA(2007)0348 . ,
– като взе предвид своята резолюция от 20 юни 2007 г. относно подобряването на метода за консултиране с Парламента при процедури, свързани с разширяването на еврозоната
– having regard to its resolution of 20 June 2007 on improving the method for consulting Parliament in procedures relating to enlargement of the euro area
Приети текстове, P6_TA(2007)0276 . ,
Texts adopted, P6_TA(2007)0276 . ,
– като взе предвид Решение 2003/223/EО на Съвета от 21 март 2003 г. за изменение на член 10, параграф 2 от Устава на Европейската система на централните банки и на Европейската централна банка
– having regard to Council Decision 2003/223/EC of 21 March 2003 on an amendment to Article 10(2) of the Statute of the European System of Central Banks and of the European Central Bank
– като взе предвид своята резолюция от 13 март 2003 г. относно препоръката на Европейската централна банка за предложение за решение на Съвета за изменение на член 10, параграф 2 от Устава на Европейската система на централните банки и на Европейската централна банка
– having regard to its resolution of 13 March 2003 on the recommendation of the European Central Bank for a proposal for a Council decision on an amendment to Article 10(2) of the Statute of the European System of Central Banks and of the European Central Bank
– като взе предвид член 122, параграф 2 от Договора за ЕО, съгласно който Съветът се е консултирал с него ( C6‑0198/2008 ),
– having regard to Article 122(2) of the EC Treaty, pursuant to which the Council consulted Parliament ( C6‑0198/2008 ),
– като взе предвид доклада на комисията по икономически и парични въпроси ( A6‑0231/2008 ),
– having regard to the report of the Committee on Economic and Monetary Affairs ( A6‑0231/2008 ),
А. като има предвид, че Словакия спазва критериите от Маастрихт съгласно член 121 от Договора за ЕО и посочения в него Протокол относно критериите за конвергенция,
A. whereas Slovakia has complied with the Maastricht criteria in accordance with Article 121 of the EC Treaty and the Protocol on the convergence criteria referred to therein,
Б. като има предвид, че делегация на комисията по икономически и парични въпроси за пръв път посети Словакия с цел оценка на готовността на страната за влизане в еврозоната,
B. whereas, for the first time, a delegation from its Committee on Economic and Monetary Affairs visited Slovakia to assess the readiness of that country to enter the euro area,
В. като има предвид, че десет години след създаването на Икономическия и паричен съюз, практиката показа, че след присъединяване към еврозоната инициативите за провеждане на структурни реформи намаляват, и че значението на въпроса за устойчивостта стана по-голямо,
C. whereas ten years after the establishment of the Economic and Monetary Union, experience has shown that incentives to conduct structural reform decrease after joining the euro area, and that the issue of sustainability has increased in importance,
5. изразява загриженост относно различията в докладите на Комисията и ЕЦБ за конвергенцията по отношение на устойчивостта на инфлацията;
Is concerned about the discrepancies between the convergence reports of the Commission and the ECB as regards the sustainability of inflation;
On 4 April 2008, Slovakia requested an assessment of the fulfilment of the necessary conditions to adopt the euro on 1 January 2009, pursuant to Article 122(2) of the EC Treaty.
On 4 April 2008, Slovakia requested an assessment of the fulfilment of the necessary conditions to adopt the euro on 1 January 2009, pursuant to Article 122(2) of the EC Treaty.
The substance of the Convergence Reports to be drawn up by the Commission and the ECB is governed by Article 121(1) of the EC Treaty and the Protocol on the convergence criteria annexed to the Treaty.
The substance of the Convergence Reports to be drawn up by the Commission and the ECB is governed by Article 121(1) of the EC Treaty and the Protocol on the convergence criteria annexed to the Treaty.
Slovakia is currently a “Member State with a derogation”, thereby not a member of the euro zone.
Slovakia is currently a “Member State with a derogation”, thereby not a member of the euro zone.
Article 122(2) of the EC Treaty states that the Council, on the basis of the reports from the Commission and the ECB, after consulting the European Parliament and after discussion in the Council, meeting in the composition of the Heads of State or Government, shall, acting by a qualified majority on a proposal from the Commission, decide which Member States with a derogation fulfil the necessary conditions on the basis of the criteria set out in Article 121(1), and abrogate the derogations of the Member States concerned.
Article 122(2) of the EC Treaty states that the Council, on the basis of the reports from the Commission and the ECB, after consulting the European Parliament and after discussion in the Council, meeting in the composition of the Heads of State or Government, shall, acting by a qualified majority on a proposal from the Commission, decide which Member States with a derogation fulfil the necessary conditions on the basis of the criteria set out in Article 121(1), and abrogate the derogations of the Member States concerned.
On 7 May 2008 the Commission proposed that Slovakia adopts the euro in 2009.
On 7 May 2008 the Commission proposed that Slovakia adopts the euro in 2009.
The European Parliament has to examine the Convergence Report submitted and issue an opinion.
The European Parliament has to examine the Convergence Report submitted and issue an opinion.
In spite of considerable reservations on individual issues, your rapporteur recommends that the derogation be lifted with effect from 1 January 2009.
In spite of considerable reservations on individual issues, your rapporteur recommends that the derogation be lifted with effect from 1 January 2009.
Compatibility of national legislation with Articles 108 and 109 and with the ESCB Statute
Compatibility of national legislation with Articles 108 and 109 and with the ESCB Statute
In order to eliminate incompatibilities highlighted in the 2006 Convergence Report, the Act on the National Bank of Slovakia was adjusted accordingly.
In order to eliminate incompatibilities highlighted in the 2006 Convergence Report, the Act on the National Bank of Slovakia was adjusted accordingly.
The legal assessment carried out by the ECB and the Commission came to the conclusion that these changes have made the provisions fully compatible with the Treaty and the ESCB Statute.
The legal assessment carried out by the ECB and the Commission came to the conclusion that these changes have made the provisions fully compatible with the Treaty and the ESCB Statute.
With an average inflation rate of 2.2% in the reference period (April 2007 to March 2008), Slovakia is clearly below the reference value of 3.2%.
With an average inflation rate of 2.2% in the reference period (April 2007 to March 2008), Slovakia is clearly below the reference value of 3.2%.
However there remain doubts as regards the sustainability of a low inflation rate in Slovakia: Firstly, some factors that have contributed to a low inflation rate up to now might turn out to be of temporary nature.
However there remain doubts as regards the sustainability of a low inflation rate in Slovakia: Firstly, some factors that have contributed to a low inflation rate up to now might turn out to be of temporary nature.
Inflation increased already to 3.6% in the March 2008.
Inflation increased already to 3.6% in the March 2008.
Secondly, the appreciation of the nominal exchange rate of the Slovak koruna has had a disinflationary effect which will end once the euro is adopted.
Secondly, the appreciation of the nominal exchange rate of the Slovak koruna has had a disinflationary effect which will end once the euro is adopted.
Thirdly, the relatively low price level in Slovakia (58% of EU average in 2006) suggests potential for price rises in the long term.
Thirdly, the relatively low price level in Slovakia (58% of EU average in 2006) suggests potential for price rises in the long term.
Against this background, your rapporteur considers it essential that the policy commitments adopted, such as the Declaration between employers and trade unions to keep wage growth in line with productivity growth and the government's commitment to reach a balanced general government budget by 2011, are adhered to.
Against this background, your rapporteur considers it essential that the policy commitments adopted, such as the Declaration between employers and trade unions to keep wage growth in line with productivity growth and the government's commitment to reach a balanced general government budget by 2011, are adhered to.
Sustainability of the government financial position
Sustainability of the government financial position
Slovakia's state deficit has been reduced in recent years and was in 2007, standing at 2.2% of GDP (forecast for 2008: 2.0%), well below the reference value of 3%.
Slovakia's state deficit has been reduced in recent years and was in 2007, standing at 2.2% of GDP (forecast for 2008: 2.0%), well below the reference value of 3%.
However doubts remain as to whether the low budget deficits in Slovakia are sustainable, in particular as against the background of robust growth rates in the last years, a tighter fiscal stance could have been possible, and expected lower growth rates in the future.
However doubts remain as to whether the low budget deficits in Slovakia are sustainable, in particular as against the background of robust growth rates in the last years, a tighter fiscal stance could have been possible, and expected lower growth rates in the future.
The forecast for 2009 at 2.3% is already significantly above the national target of 1.7% of GDP.
The forecast for 2009 at 2.3% is already significantly above the national target of 1.7% of GDP.
Moreover, the structural deficit is expected to deteriorate between 2007 and 2008, which is not in line with the Stability and Growth Pact.
Moreover, the structural deficit is expected to deteriorate between 2007 and 2008, which is not in line with the Stability and Growth Pact.
The government debt-to-GDP ratio has declined significantly since 2000, mainly thanks to privatisation revenues, and stands, at 29.4% in 2007, well below the reference value of 60%.
The government debt-to-GDP ratio has declined significantly since 2000, mainly thanks to privatisation revenues, and stands, at 29.4% in 2007, well below the reference value of 60%.
A Council decision is currently in force to the effect that an excessive deficit exists in Slovakia.
A Council decision is currently in force to the effect that an excessive deficit exists in Slovakia.
Under Article 2 of the Protocol on the Convergence Criteria, it is necessary that “at the time of the examination” the Member State concerned should not be the subject of a decision of the Council under Article 104(6) of the Treaty that an excessive deficit exists.
Under Article 2 of the Protocol on the Convergence Criteria, it is necessary that “at the time of the examination” the Member State concerned should not be the subject of a decision of the Council under Article 104(6) of the Treaty that an excessive deficit exists.
The criterion will only be met if the Council decides to abrogate the excessive deficit procedure for Slovakia, which means that at the moment, and at the time of examination, the criterion is not met.
The criterion will only be met if the Council decides to abrogate the excessive deficit procedure for Slovakia, which means that at the moment, and at the time of examination, the criterion is not met.
In its resolution of 18 June 2007 on improving the method for consulting the Parliament in procedures relating to enlargement of the euro zone, the European Parliament called on the Commission and the Council to adopt the position that any deficit procedure concerning a Member State must have been closed before compliance with the Maastricht criteria is assessed.
In its resolution of 18 June 2007 on improving the method for consulting the Parliament in procedures relating to enlargement of the euro zone, the European Parliament called on the Commission and the Council to adopt the position that any deficit procedure concerning a Member State must have been closed before compliance with the Maastricht criteria is assessed.
Not being subject to an excessive deficit procedure is a significant test for Member States to prove they are able and willing to adhere to the Stability and Growth Pact which in itself is a fundamental part of EMU governance.
Not being subject to an excessive deficit procedure is a significant test for Member States to prove they are able and willing to adhere to the Stability and Growth Pact which in itself is a fundamental part of EMU governance.
The fact that once again an excessive deficit procedure had not been lifted prior to proposing the lifting of an abrogation for a Member State should therefore not be taken lightly.
The fact that once again an excessive deficit procedure had not been lifted prior to proposing the lifting of an abrogation for a Member State should therefore not be taken lightly.
Compliance with the normal fluctuation margins of the Exchange Rate Mechanism II for at least the past 2 years
Compliance with the normal fluctuation margins of the Exchange Rate Mechanism II for at least the past 2 years
Slovakia has participated in the ERM II since 28 November 2005.
Slovakia has participated in the ERM II since 28 November 2005.
The Slovak koruna has since then appreciated against the euro.
The Slovak koruna has since then appreciated against the euro.
With effect from 19 March 2007, the central rate of the Slovak koruna in the ERM II was revalued by 8.5% to reflect the appreciation.
With effect from 19 March 2007, the central rate of the Slovak koruna in the ERM II was revalued by 8.5% to reflect the appreciation.
The Slovak koruna has further appreciated since and trades within the fluctuation margins but significantly above the current central parity.
The Slovak koruna has further appreciated since and trades within the fluctuation margins but significantly above the current central parity.
However, as in the last two years there has been no devaluation, the criterion is met.
However, as in the last two years there has been no devaluation, the criterion is met.
Durability of convergence, as reflected in long-term interest-rate levels
Durability of convergence, as reflected in long-term interest-rate levels
The average long-term interest rate in the reference period stood at 4.5%, clearly below the reference value of 6.5%.
The average long-term interest rate in the reference period stood at 4.5%, clearly below the reference value of 6.5%.
Economic integration and convergence
Economic integration and convergence
According to Article 121(1), last section, also other factors relevant to economic integration and convergence, e.g. financial and product market integration and the balance of payments developments, must be examined.
According to Article 121(1), last section, also other factors relevant to economic integration and convergence, e.g. financial and product market integration and the balance of payments developments, must be examined.
The Slovakian economy is highly integrated into the EU, showing extensive trade and FDI relations with other Member States, and a financial sector that is substantially integrated into the EU economy.
The Slovakian economy is highly integrated into the EU, showing extensive trade and FDI relations with other Member States, and a financial sector that is substantially integrated into the EU economy.
The external balance (i.e. the combined current and capital account of the balance of payments) has been highly volatile in recent years, while deficits could always be financed by large net FDI inflows.
The external balance (i.e. the combined current and capital account of the balance of payments) has been highly volatile in recent years, while deficits could always be financed by large net FDI inflows.
In 2006, Slovakia achieved a per-capita GDP in terms of purchasing power of 63.7% of the average for the EU-27.
In 2006, Slovakia achieved a per-capita GDP in terms of purchasing power of 63.7% of the average for the EU-27.
Voting modalities in the Governing Council of the ECB
Voting modalities in the Governing Council of the ECB
According to Article 10.2 of the ESCB Statute, the voting modalities in the Governing Council of the ECB shall change when the number of governors representing the National Central Banks (NCBs) of the euro area exceeds 15, which will be the case if Slovakia enters the euro zone.
According to Article 10.2 of the ESCB Statute, the voting modalities in the Governing Council of the ECB shall change when the number of governors representing the National Central Banks (NCBs) of the euro area exceeds 15, which will be the case if Slovakia enters the euro zone.
The Council adopted in 2003 the Decision regarding the new voting modalities, based on an ECB Recommendation, providing for this change with the aim to maintain the ECB's Governing Council capacity for efficient and timely decision-making in an enlarged euro area.
The Council adopted in 2003 the Decision regarding the new voting modalities, based on an ECB Recommendation, providing for this change with the aim to maintain the ECB's Governing Council capacity for efficient and timely decision-making in an enlarged euro area.
The Decision introduces a rotation system, based on a classification of countries into three categories depending on their size, as defined by GDP and banking activity.
The Decision introduces a rotation system, based on a classification of countries into three categories depending on their size, as defined by GDP and banking activity.
However the European Parliament in its resolution rejected the ECB Recommendation, reaffirming the existing rule whereby all governors of the NCBs in the euro area have full and unrestricted voting rights or alternatively introduce a system where operational decisions such as the setting of interest rates would be taken by an Executive Board enlarged to nine Members.
However the European Parliament in its resolution rejected the ECB Recommendation, reaffirming the existing rule whereby all governors of the NCBs in the euro area have full and unrestricted voting rights or alternatively introduce a system where operational decisions such as the setting of interest rates would be taken by an Executive Board enlarged to nine Members.
The latter solution would however require a change of the EC Treaty.
The latter solution would however require a change of the EC Treaty.
Although the Governing Council of the ECB could decide by a two-thirds majority to postpone the start of the rotation system until the date on which the number of governors exceeds 18, your rapporteur is of the opinion that the modalities for the rotation system, e.g. in which order the voting rights will be rotating and the frequency of rotation, should be specified as soon as possible, in order to be prepared for further enlargements of the euro area.
Although the Governing Council of the ECB could decide by a two-thirds majority to postpone the start of the rotation system until the date on which the number of governors exceeds 18, your rapporteur is of the opinion that the modalities for the rotation system, e.g. in which order the voting rights will be rotating and the frequency of rotation, should be specified as soon as possible, in order to be prepared for further enlargements of the euro area.