natgillin/translations-raw huggingface dataset:
Jf. afsnit 3.2.1.D i nærværende afgørelse og del V.4 i de bemærkninger, de franske myndigheder fremsendte den 23. januar 2008.
See section 3.2.1.D of this Decision and part V.4 of the observations submitted by the French authorities on 23 January 2008.
Del V 4 a) i de bemærkninger, Frankrig fremsendte den 23. januar 2008.
Part V.4(a) of the observations submitted by France on 23 January 2008.
Jf. afsnit 186 i de bemærkninger, Frankrig fremsendte den 23. januar 2003.
See point 186 of the observations submitted by France on 23 January 2008.
Jf. tabel 1 i »Ratings direct« om La Poste, S & P, 3. april 2007.
See Table 1 in ‘Ratings Direct’ on La Poste, S & P, 3 April 2007.
Uddrag af »International Postal Entities: Influence of government support on ratings« Standard and Poor ' s, 22. november 2004: »Unlike the credit quality of companies that operate in a commercial manner at arm's length from the government, like SingPost, Deutsche Post or TPG, a major factor underpinning La Postes robust credit quality is its extremely strong State support.
Extract from ‘International Postal Entities: Influence of government support on ratings’, Standard & Poor’s, 22 November 2004: ‘Unlike the credit quality of companies that operate in a commercial manner at arm’s length from the government, like SingPost, Deutsche Post or TPG, a major factor underpinning La Poste’s robust credit quality is its extremely strong state support.
Jf. afsnit 196 i de bemærkninger, Frankrig fremsendte den 23. januar 2008.
See point 196 of the observations submitted by France on 23 January 2008.
Jf. afsnit 198-200 i de bemærkninger, Frankrig fremsendte den 23. januar 2008.
See points 198-200 of the observations submitted by France on 23 January 2008.
»International Postal Entities: Influence of government support on ratings«, Standard and Poor ' s, 22. november 2004.
‘International Postal Entities: Influence of government support on ratings’, Standard & Poor’s, 22 November 2004.
Uddrag af »Ratings direct« om La Poste, S & P, 3. april 2007: »The ratings nevertheless already factor in the long-term likelihood of a change in the group's capital structure, which would require a change in its current »établissement public« legal status and result in the loss of the state ' s ultimate guarantee on LP ' s financial obligations, the elimination of which was recently recommended by the European Commission «.
Extract from ‘Ratings Direct’ on La Poste, S & P, 3 April 2007: The ratings nevertheless already factor in the long-term likelihood of a change in the group’s capital structure, which would require a change in its current ‘établissement public’ legal status and result in the loss of the state’s ultimate guarantee on LP’s financial obligations, the elimination of which was recently recommended by the European Commission’.
Endvidere omfatter La Postes svagheder: »Likely capital structure change at company or bank level in the long term«.
Moreover, La Poste’s identified weaknesses include: ‘Likely capital structure change at company or bank level in the long term’.
Mid swap er medianen mellem den tilbudte kurs og den af bankerne foreslåede kurs på et givet tidspunkt for deres interbankhandel efter løbetid, dvs. den faste kurs, som en bank normalt er parat til at handle mod en 6-måneders Euribor.
The mid swap is the median between the rate offered and the rate proposed by the banks at a particular moment for their interbank dealings by maturity, i.e. it is the fixed rate that a bank is willing to exchange for a 6-month Euribor as a general rule.
Domstolens dom af 14. februar 1990 i sag C-301/87 Frankrig mod Kommissionen, »Boussac«, Sml. I, s. 307, præmis 33.
Judgment of the Court of Justice in Case C-301/87 France v Commission, ‘Boussac’, [1990] ECR I-307, paragraph 33.
Rettens dom af 11. marts 2009, TF1 mod Kommissionen (sag T354/05, Sml. II, s. 113, præmis 166-167).
Judgment of the Court of First Instance in Case T-354/05 TF1 v Commission [2009] ECR II-471, paragraphs 166 and 167.
Især mente Kommissionen i sin beslutning om EDF (afsnit 57 i Kommissionens beslutning 2005/145/EF af 16. december 2003 om Frankrigs statsstøtte til EDF samt til elektricitets- og gassektoren (EUT L 49 af 22.2.2005, s. 9)) at »eftersom EDF ikke kan underkastes en procedure med henblik på rekonstruktion og retslig likvidation og dermed gå konkurs, er der tale om en ordning, der svarer til en overordnet garanti for samtlige virksomhedens forpligtelser.
In particular, in its decision on EDF (paragraph 57 of the Commission Decision 2005/145/EC of 16 December 2003 on the State aid granted by France to EDF and the electricity and gas industries, OJ L 49, 22.2.2005, p. 9), the Commission took the view that ‘EDF cannot be subject to administration or compulsory liquidation proceedings, and therefore cannot be declared bankrupt, is equivalent to a general guarantee covering all its liabilities.
Garantien er ubegrænset for så vidt angår dækning, varighed og beløbsstørrelse, og udgør statsstøtte«.
Such a guarantee, which is unlimited in scope, time and amount, constitutes State aid’.
Jf. meddelelsen om garantier, pkt. 2.1., stk. 3.
See the third paragraph of point 2.1 of the 2008 Guarantees Notice.
Jf. f.eks. beslutning 2005/145/EF.
See, for example, Decision 2005/145/EC.
Jf. bl.a. pkt. 1.5 i meddelelsen om garantier, der bekræfter princippet om neutralitet samt pkt. 1.2, hvori det forklares, at en statsgaranti blot kan følge af den retlige form (andet og fjerde led i punktet).
See inter alia point 1.5 of the Guarantees Notice, which confirms the principle of neutrality, and point 1.2, which explains that a state guarantee may result from the simple fact of the legal form (second and fourth indents of this point).
Beslutning 2005/145/EF.
See Decision 2005/145/EC.
Ved en skrivelse fremsendt den 31. juli 2009 meddelte Frankrig Kommissionen, at ministerrådet den 29. juli 2009 havde vedtaget et lovforslag om La Poste og posttjenester, hvori omdannelsen af La Poste til aktieselskab var fastsat til den 1. januar 2010.
By memorandum transmitted on 31 July 2009, France informed the Commission that on 29 July 2009 the Council of Ministers had adopted a draft law on La Poste and postal activities, scheduling La Poste’s conversion into a public limited company for 1 January 2010.
De franske myndigheder anførte endvidere, at de ville sende deres bemærkninger til rapporten fra Kommissionens ekspert.
The French authorities also indicated that they would be sending their comments on the Commission’s expert’s report.
Imidlertid svarer artikel 10 i det nye dekret til stk. 4 og 5 i artikel 3-1 i dekret af 12. maj 1981.
Nevertheless, Article 10 of the new Decree reproduces the wording of the fourth and fifth subparagraphs of Article 3-1 of the Decree of 12 May 1981.
Den ændrer således ikke noget ved substansen.
It is therefore substantively the same.
Virksomheden kan kun opløses ved lov, og i så fald tilfalder dens restgæld og aktiver staten«.
It can be wound up only by a legislative procedure and, in that event, the balance of its debt and of its assets will revert to the State.
Ifølge Moody's»kan ERAP ikke gøres til genstand for omstruktureringer pålagt af den domstol, der behandler konkursen.
According to Moody’s , ERAP cannot be the subject of restructuring measures imposed by the compulsory winding-up procedures court.
Som svar på indledningsbeslutningen sendte de franske myndigheder deres bemærkninger og forslag til Kommissionen ved brev af 23. januar 2008.
Following the opening decision, the French authorities submitted their observations and proposals to the Commission by letter dated 23 January 2008.
Dette brev supplerer de bemærkninger og forslag, de franske myndigheder fremsatte i deres tidligere breve, og som er opsummeret i beslutningen om at indlede proceduren.
That letter supplemented the observations and proposals set out in the previous letters from the French authorities that were summarised in the opening decision.
Til støtte for denne fortolkning anfører de franske myndigheder de forberedende arbejder til loven af 16. juli 1980.
In support of this interpretation, the French authorities cite the preparatory debates for the Law of 16 July 1980.
Under disse forhandlinger gik regeringen imod ændringsforslag, der sigtede mod at gøre det obligatorisk for staten at udbetale en særlig støtte til en lokal myndighed, hvis ressourcer var utilstrækkelige til at opfylde en retsafgørelse.
During the debates, the Government opposed the amendments seeking to make it compulsory for the State to pay an exceptional subsidy to a regional or local authority whose resources were insufficient to implement a court judgment.
Conseil d'Etat mente ikke, at den situation, hvor staten finansielt træder i stedet for den insolvente kommune, var opført på listen over forpligtelser i henhold til lov af 16. juli 1980.
The Council of State took the view that the financial substitution by the State of the defaulting local authority does not feature on the list of obligations imposed by the Law of 16 July 1980.
Ved undersøgelsen af, om der var grundlag for at drage staten til ansvar udelukkende for forsømmelse — grov oven i købet — udelukkede Conseil d'Etat i princippet enhver form for »objektivt« ansvar og dermed enhver form for garanti.
Moreover, by investigating whether there were grounds for incurring the State’s liability in the limited area of fault — gross negligence at that — the Council of State excluded out of principle all forms of ipso jure liability and therefore any form of guarantee.
Så vil proceduren i henhold til lov af 16. juli 1980 blive bragt i anvendelse.
The procedure introduced by the Law of 16 July 1980 would then be implemented.
Det kan i givet fald føre til, at tilsynsmyndigheden træder i stedet for La Postes ledelse for at træffe de nødvendige beslutninger til at betale gælden af virksomhedens ressourcer.
Where necessary, the procedure could result in the supervisory authority replacing the executive of La Poste to take the decisions needed for the payment of its debts using the establishment’s resources.
Den foreslåede fremgangsmåde er et resultat af analysen af Kommissionens holdning i pkt. 2.1.3 i dens meddelelse fra 2000 om statsstøtte i form af garantier: »Kommissionen anser også de mere gunstige finansieringsvilkår, der opnås af virksomheder, hvis retlige form udelukker konkurs eller andre insolvensprocedurer eller indebærer en eksplicit statsgaranti eller statens dækning af tab, for at være støtte i form af en garanti«.
The proposed approach results from the analysis of the Commission position in point 2.1.3 of its 2000 Guarantees Notice: ‘The Commission also regards as aid in the form of a guarantee the more favourable funding terms obtained by enterprises whose legal form rules out bankruptcy or other insolvency procedures or provides an explicit State guarantee or coverage of losses by the State’.
I sin beslutning om indledning af proceduren anfører Kommissionen ligeledes i pkt. 114, at den finder det problematisk, at »Frankrig ikke træffer alle nødvendige foranstaltninger for at undgå, at denne status får økonomiske virkninger til fordel for en virksomhed, der opererer på konkurrenceprægede markeder«.
Likewise, in recital 114 of its opening decision, the Commission points out that it regards as a problem the fact that ‘France is not taking all measures necessary to prevent this legal form producing economic effects to the benefit of an undertaking that operates on competitive markets’.
Kommissionen bemærker, at de franske myndigheders ekspert indrømmer, at det ikke er sikkert, at den manglende godkendelse af en implicit garanti i en finanslov medfører, at garantien for gæld stiftet før den 1. januar 2005 er ugyldig.
The Commission notes that the French authorities’ expert accepts that it is not certain that the absence in the Finance Act of authorisation for an implied guarantee means that the guarantee lapses in respect of debts contracted before 1 January 2005.
Grundlæggende set mener Kommissionen, at det for at fastslå, om den implicitte statsgaranti til La Poste er gjort ugyldig med LOLF eller ej, skal undersøges, siden hvornår La Poste har været omfattet af denne implicitte garanti og ikke datoerne for, hvornår La Poste stiftede gælden. Den her undersøgte garanti er nemlig en garanti, der forbinder staten og La Poste (La Postes kreditorer er kun indirekte begunstigede heraf).
More fundamentally, the Commission believes that, in order to determine whether or not the implied guarantee given by the State to La Poste has lapsed as a result of the Organic Law governing the Finance Act, what has to be considered is not the dates on which the debts were contracted by La Poste, but the date from which La Poste has enjoyed the guarantee.
Eksistensen af denne anden kategori, der ikke er omfattet af anvendelsesområdet for artikel 34 i LOLF, forklarer, at retspraksis om forhandlergaranti varer ved efter 2001.
The existence of this second category outside the scope of Article 34 of the Organic Law on the Finance Act explains why the rule established by the case law on guarantees given by concessionaires has continued beyond 2001.
Den forklarer også, at hver gang staten er aktionær eller deltager i et selskab eller en sammenslutning, for hvilken handelsretten ikke begrænser garantien for gæld, er den ikke forpligtet til at præcisere det i en finanslov.
It also explains why when the State is a shareholder or partner in a company or grouping whose debts are covered under the Commercial Code by an unlimited guarantee, the State is not required to specify that fact in a Finance Act.
Når en kreditor mod en offentligretlig juridisk person omfattet af loven af 16. juli 1980 søgte at gøre statens ansvar gældende ved at benytte beføjelserne i henhold til loven før Campoloro-sagen (gennemgås nedenfor), skelnede forvaltningsdommerne som anført af Kommissionens ekspert mellem to former for tab. Dels led kreditor tab, fordi hans fordring ikke blev betalt, et tab, der udelukkende skyldtes debitors insolvens.
The Commission’s expert has observed that before the Campoloro case, which will be considered below, when a creditor of a public body subject to the Law of 16 July 1980 sought to render the State liable for its use of the prerogatives provided for in the Act, an administrative court would distinguish between two kinds of injury. The creditor suffered one kind of injury because his claim had not been settled: this was due only to the insolvency of the debtor.
»Alt i alt mener domstolen, at de sagsøgende selskaber har været udsat og stadig er udsat for en særlig og alt for stor byrde som følge af den manglende betaling af de beløb, de skulle have haft til fuldbyrdelse af ovennævnte domme af 10. juli 1992.
‘In sum, the Court considers that the applicant companies have been, and are still, subject to a huge and special burden due to the non-payment of the sums from which they should have benefited in implementation of the aforesaid judgments dated 10 July 1992.
Dermed er der tale om en overtrædelse af artikel 1 i protokol nr. 1«. Endelig pålagde domstolen staten hele skyldnerkommunernes gæld.
There has therefore been a breach of Article 1 of Protocol No 1’.
Objektivt ansvar bygger på to hypoteser:
the strict liability scheme is, for its part, based on two scenarios,
Efter den første hypotese afviser præfekten at træffe visse foranstaltninger på grund af tvingende almene hensyn. Der kan være tale om nødvendigheden af at bevare den lokale myndigheds eksistens, men også om at bevare den offentlige service.
in the first scenario, the prefect refuses to take certain measures because of requirements of the public interest: these might include the need to preserve not only the existence of the regional or local authority but also the public service task.
De franske myndigheders ekspert understreger, at kravet om kontinuitet kun vedrører den pågældende service og ikke den institution, der forvalter den.
The French authorities’ expert emphasises that continuity is required only of the service and not of the establishment that manages the service.
Under afventning af, at den offentlige serviceopgave evt. overføres til en institution, der er i stand til at påtage sig den, kan bevarelsen af kontinuiteten i den offentlige service på kort sigt ikke desto mindre betyde, at præfekten skal træffe visse foranstaltninger, f.eks. bevarelse af de nødvendige aktiver til den offentlige serviceopgave eller forhøjelse af ressourcerne til at betale fordringen.
It nonetheless remains the case that, in the short term and until such time as the public service task is conceivably transferred to an establishment capable of taking over that task, the continuity of public service may involve the prefect’s taking a number of measures, for example measures to preserve the assets necessary to the public service task or to increase the resources required to pay the claim.
I øvrigt anerkender de franske myndigheder, at kravet om kontinuitet i den offentlige service er afgørende for statens repræsentant i forbindelse med håndhævelsen af den procedure, der er indført med loven af 16. juli 1980.
Moreover, the French authorities recognise that the representative of the State is required to preserve the continuity of public service in implementing the procedure introduced by the Law of 16 July 1980;
Efter den anden hypotese kan der gøres objektivt ansvar gældende, »såfremt præfekten i betragtning af myndighedens situation, bl.a. utilstrækkelige aktiver (…), lovligt har kunnet afvise at træffe visse foranstaltninger med henblik på at sikre fuld håndhævelse af domstolsafgørelsen, kan tabet som følge heraf for den lokale myndigheds kreditor medføre, at den offentlige myndighed ifalder ansvar, hvis det er usædvanligt og særligt«.
in the second scenario, the strict liability scheme can be invoked if, having regard to the situation of the local or regional authority, and in particular to an insufficiency in its assets, […] the prefect legitimately refuses to take certain measures with a view to ensuring that the judgment is enforced in full, the State as holder of public authority may be liable for any injury caused to a creditor of the local or regional authority if the injury is of an abnormal and specific kind.
Således som det blev anført ovenfor, er den ansvarsudløsende faktor udelukkende skyldnermyndighedens finansielle situation.
As indicated above, the operative event giving rise to the liability is nothing but the financial situation of the debtor authority.
Derfor kan den pågældende være en virksomhed lige så vel som en lokal myndighed.
Moreover, the latter may just as well be an establishment as a local or regional authority.
Hvis der eksisterede en garanti før 2006, bortfalder den og muligheden for at aktivere den således ikke på grund af Kommissionens brev af 26. februar 2006.
Therefore, if a guarantee existed before 2006, its existence and the possibility of activating it were not rendered null and void by the Commission letter dated 26 February 2006.
Det ville kun være muligt, hvis enten Frankrig eller Kommissionen ophævede selve garantien på grundlag af en retsakt med bindende retsvirkninger.
That would be possible only by the annulment of the guarantee itself, either by France or the Commission on the basis of an act with binding legal effect.
Som anført ovenfor baserede Fitch sin beslutning på, at »La Postes status som offentlig operatør ikke længere berettiger, at dens vurderinger automatisk rettes ind efter staten«.
As pointed out above, Fitch based its decision on the fact that ‘La Poste’s legal status as a public operator no longer justifies its ratings being automatically aligned with the sovereign rating’.
Fitch forklarer, at La Postes kreditvurderinger fremover bygger på støtteforbindelsen mellem moderselskabet, in casu staten, og dets datterselskab, la Poste.
Fitch explains that La Poste’s ratings are now based on the support from the parent company, i.e. the State, to its subsidiary, La Poste.
I den forbindelse henviser Kommissionen til S & P's analyse af 22. november 2004 om statsstøttens indflydelse på kreditvurderingen af postvirksomheder, til analysen af 14. juni 2006 om kreditvurderingen af virksomheder med tilknytning til staten samt til undersøgelsen af La Poste fra 2007. Ifølge disse analyser følger kreditvurderingen af en virksomhed, der er omfattet af en stærk støtte fra staten, af den vurdering, som tildeles staten.
In this regard, the Commission would refer to the S & P analysis dated 22 November 2004 on the influence of government support on ratings of postal entities, the analysis dated 14 June 2006 on rating government-related entities and the 2007 study on La Poste.
Den kan dog nedskrives to kategorier (eller 6 »notches«), eftersom de finansielle forbindelser mellem den pågældende virksomhed og staten kan udvikle sig på mellemlang eller lang sigt.
According to these analyses, the rating of an undertaking that enjoys strong state support is derived from the sovereign rating; however, it may be downgraded by two categories (or 6 notches) where the financial links between the undertaking in question and the State may change in the medium or long term.
Til støtte for denne påstand henviser Frankrig til S & P's analyse af 3. april 2007.
In support of that statement, France refers to the S & P analysis dated 3 April 2007.
Som tidligere præciseret anfører S & P heri, at kreditvurderingen af La Poste forblev uforandret efter Kommissionens bebudelse af sit brev om henstilling til, at garantien blev bragt til ophør, for S & P mener, at en ændring af La Postes status ikke nødvendigvis ville afspejle et fald i den stærke statsstøtte, der ligger til grund for kreditvurderingen af La Poste, og som er blevet bekræftet igen af de seneste regeringsbeslutninger.
As pointed out above, S & P states in the analysis that La Poste’s rating was unaffected after the Commission announced its letter recommending the end of the guarantee, because S & P considers that a change in La Poste’s status would not necessarily reflect a decrease in the strong state support that underpins La Poste’s ratings and that has been reaffirmed by recent government decisions.
I den forbindelse skal det bemærkes, at samtlige posttjenester skal underkastes konkurrence i henhold til Europa-Parlamentets og Rådets direktiv 97/67/EF af 15. december 1997 om fælles regler for udvikling af Fællesskabets indre marked for posttjenester og forbedring af disse tjenesters kvalitet som ændret ved direktiv 2002/39/EF og 2008/6/EF (i det følgende benævnt »postdirektivet«). Det skal ske i Frankrig senest den 1. januar 2011.
It should be noted here that, pursuant to Directive 97/67/EC of the European Parliament and of the Council of 15 December 1997 on common rules for the development of the internal market of Community postal services and the improvement of quality of service, as amended by Directives 2002/39/EC and 2008/6/EC (‘the Postal Directive’), all postal services will have to be subject to competition in France by 1 January 2011.
Under disse betingelser vil eksistensen af en ubegrænset statsgaranti til La Poste kunne fordreje konkurrencen og påvirke samhandlen, jf. artikel 107, stk. 1, i TEUF.
In these circumstances, the existence of an unlimited guarantee in favour of La Poste is liable to distort competition and affect trade within the meaning of Article 107(1) TFEU.
Den 4. oktober 2006 forlangte Kommissionen i overensstemmelse med artikel 18 i procedureforordningen, at den ubegrænsede garanti blev ophævet senest den 31. december 2008.
On 4 October 2006, in accordance with Article 18 of the Procedural Regulation, the Commission asked that the unlimited guarantee be withdrawn by 31 December 2008.