natgillin/translations-raw huggingface dataset:
Spanien har opnået overskud på betalingsbalancens løbende poster , men har stadig en nettogæld til udlandet .
Furthermore , Spain has recorded current account surpluses , while continuing to have a net external liability position .
Statutten for Banco de España blev ændret for at opfylde traktat - og statutkrav i tredje fase inden for centralbankuafhængighed med lov 66/1997 af 30 . december 1997 .
The statute of the Banco de Espaæa was amended in the area of central bank independence with Law 66/1997 of 30 December 1997 .
Bankens statut er ved at blive ændret for at opfylde traktat - og statutkrav inden for bankens integration i ESCB .
The Bank s statute is in the process of being amended in the area of the Bank s integration in the ESCB .
Forudsat at lovudkastet herom vedtages , som det forelå 24 . marts 1998 , og at det træder i kraft rettidigt , vil bankens statut være forenelig med traktatog statutkrav i tredje fase .
Assuming that a draft law to this effect is adopted as it stood on 24 March 1998 and that it will enter into force on time , the Bank s statute will be compatible with Treaty and Statute requirements for Stage Three .
EMI bemærker , at der er forudset yderligere tilpasning af møntlov 10/1975 af 12 . marts 1975 .
The EMI takes note that further adaptation of Law 10/1975 of 12 March 1975 on Coinage is envisaged .
3.5 Spanien I referenceperioden har Spanien opnået en HICP-inflation på 1,8 pct . , hvilket er klart under referenceværdien fastlagt i traktaten .
3.6 France Over the reference period France has achieved a rate of HICP inflation of 1.2% , which is well below the reference value stipulated by the Treaty and one of the three lowest inflation rates in the Union .
Væksten i enhedslønomkostningerne er dæmpet , og den generelle udvikling mod lav inflation ses også i andre relevante prisindeks .
The increase in unit labour costs was subdued and low rates of inflation were also apparent in terms of other relevant price indices .
Der er kun få tegn på et umiddelbart opadgående pres på inflationen .
Looking ahead , there are no signs of immediate upward pressure on inflation ;
Ifølge prognoser vil inflationen stige til lidt over 2 pct . i 1998 og 1999 .
forecasts project inflation will stand at well below 2 % in 1998 and 1999 .
Den spanske peseta har deltaget i ERM i betydeligt mere end to år .
The French franc has been participating in the ERM for much longer than two years .
I referenceperioden har den stort set været stabil og generelt tæt på de uændrede centralkurser , uden at der har været behov for understøttende tiltag . Niveauet for den lange rente har været 6,3 pct .
Over the reference period it remained broadly stable , generally close to its unchanged central parities , without the need for measures to support the exchange rate .
, dvs . under referenceværdien .
The level of longterm interest rates was 5.5% , i.e. well below the respective reference value .
af BNP i 1997 , dvs . under referenceværdien , og der ventes et yderligere fald til 2,2 pct .
In 1997 France achieved a fiscal deficit ratio of 3.0% of GDP , i.e. a level equal to the reference value , and the outlook is for virtually no further improvement in 1998 ( a decrease to 2.9% ) in spite of the favourable conjunctural situation .
Gældskvotienten er over referenceværdien på 60 pct . Efter at den kulminerede i 1996 , faldt gældskvotienten med 1,3 procentpoint til 68,8 pct .
In addition , the fiscal debt ratio , though increasing to 58.0% of GDP in 1997 , remained just below the 60 % reference value ;
Hvad angår holdbarheden af de offentlige finanser , er der udsigt til et fald i gælden til 67,4 pct . af BNP i 1998 .
the outlook is for a marginal increase to 58.1% in 1998 . Regarding the sustainability of fiscal developments , keeping the deficit ratio at current levels would not be sufficient to keep the debt ratio below 60 % of GDP , thus pointing to a need for further substantial progress in consolidation .
Med den aktuelle gældskvotient på knap 70 pct . vil opnåelsen af det skønnede underskud for 1998 og
Growth Pact also requires as a medium-term objective a budgetary position that is close to balance or in surplus .
3.6 Frankrig I referenceperioden har Frankrig opnået en HICP-inflation på 1,2 pct .
This would also imply a reduction in the debt ratio to further below 60 % of GDP .
Det er klart under referenceværdien fastsat i traktaten og en af de tre laveste inflationsrater i Unionen .
With regard to other factors , in 1996 and 1997 the deficit ratio exceeded the ratio of public investment expenditure to GDP .
Stigningen i enhedslønomkostningerne var dæmpet , og en lav inflation sås også udtrykt i andre relevante prisindeks .
Furthermore , France has recorded current account surpluses and a net external liability position .
Ser man fremad , er der ingen tegn på umiddelbare opadgående pres på inflationen , og ifølge prognoser vil inflationen forblive klart under 2 pct . i 1998 og 1999 .
Assuming that a draft law to this effect is adopted as it stood on 24 March 1998 and that it will enter into force on time , the Bank s statute will be compatible with Treaty and Statute requirements for Stage Three .
ERM-samarbejdet meget længere end to år .
The EMI takes note that adaptations of various other laws are envisaged .
I referenceperioden har den stort set været stabil omkring uændrede centralkurser uden behov for understøttende tiltag .
declined more recently as the Irish pound has moved closer to its bilateral central rates against other ERM currencies .
af BNP i 1997 , dvs . et niveau lig referenceværdien , og for 1998 ventes der så godt som ingen yderligere forbedring ( et underskud på 2,9 pct .
6 In 1997 Ireland achieved a general government surplus of 0.9% of GDP , thereby comfortably meeting the 3 % reference value , and the outlook is for a surplus of 1.1% of GDP in 1998 .
) , til trods for den gunstige konjunkturmæssige situation . Desuden forblev gældskvotienten lige under referenceværdien på 60 pct .
The debt-to-GDP ratio is above the 60 % reference value .
i 1997 . I 1998 ventes gælden at stige marginalt - til 58,1 pct .
After having reached a peak in 1993 , the ratio declined by 30.0 percentage points to stand at 66.3% in 1997 , reflecting inter alia very strong real GDP growth .
Hvad angår holdbarheden af udviklingen i de offentlige finanser , vil en fastholdelse af den nuværende underskudskvotient ikke være tilstrækkeligt til at holde gælden under 60 pct .
Regarding the sustainability of fiscal developments , the outlook is for a decline in the debt ratio to 59.5% of GDP in 1998 , i.e. just below the reference value .
Det illustrerer , at der er behov for en betydelig yderligere forbedring af konsolideringen . Stabilitets - og vækstpagten kræver også , som en mellemsigtet målsætning , at det offentlige budget er tæt på balance eller i overskud .
Looking further ahead , if current fiscal surpluses are maintained Ireland should comply with the medium-term objective of the Stability and Growth Pact , effective from 1999 onwards , of having a budgetary position that is close to balance or in surplus , and the debt ratio would fall further below 60 %.
af BNP . I 1996 og 1997 oversteg budgetunderskuddet målt som andel af BNP det tilsvarende mål for de offentlige investeringsudgifter .
With regard to other factors , in 1996 the deficit position did not exceed the ratio of public investment to GDP . Moreover , Ireland has maintained current account surpluses .
Endelig har Frankrig registreret overskud på betalingsbalancens løbende poster og er nettolåntager . Statutten for Banque de France er i øjeblikket ved at blive tilpasset .
In the context of a relatively favourable demographic situation , the pension system relies on funded private pensions and unfunded social security pensions play a relatively minor role .
Forudsat at et lovudkast herom vedtages , som det forelå 24 . marts 1998 , og at det træder i kraft rettidigt , vil bankens statut være forenelig med traktatog statutkrav i tredje fase .
The statute of the Central Bank of Ireland was amended by the Central Bank Act 1998 . With the adoption and entry into force of this Act , and assuming that specific provisions thereof ( for which progressive adaptation through ministerial orders is envisaged ) will enter into force on time , there will be no remaining incompatibilities with Treaty and Statute requirements for Stage Three in the Bank s statute .
EMI bemærker , at der er forudset tilpasninger af forskellige andre love .
There are , however , two 6
3.7 Irland I referenceperioden har Irland opnået en HICP-inflation på 1,2 pct . Det er langt under referenceværdien fastsat i traktaten og en af de tre laveste i EU .
3.7 Ireland Over the reference period Ireland has achieved a rate of HICP inflation of 1.2% , which is well below the reference value stipulated by the Treaty and one of the three lowest inflation rates in the Union .
Væksten i enhedslønomkostningerne faldt , og en lav inflation sås også i andre relevante prisindeks .
Unit labour costs declined , and low rates of inflation were also apparent in terms of other relevant price indices .
Ser man fremad er der nogen tegn på opadgående pres på inflationen , som kan stige til 3 pct . i løbet af de næste to år .
Looking ahead , there are some signs of immediate upward pressure on inflation , which may rise towards 3 % over the next two years .
, dvs . under referenceværdien .
The level of long-term interest rates was 6.2% , i.e. below the respective reference value .
Det irske pund , der har deltaget i ERM i meget længere tid end to år , har i referenceperioden normalt været handlet betydeligt over dets uændrede centralkurs over for andre ERM-valutaer , hvilket afspejler en selvstændig opadgående trend i valutaen som følge af de gunstige indenlandske økonomiske forhold .
The Irish pound has been participating in the ERM for much longer than two years . During the reference period it has normally traded significantly above its unchanged central rates against other ERM currencies , reflecting an autonomous upward trend of the currency in the light of buoyant domestic economic conditions .
Dette afspejles også i en relativ høj valutakursvolatilitet og et højt rentespænd , der i den senere tid begge er faldet i takt med , at det irske pund er kommet nærmere de bilaterale centralkurser over for de andre ERM-valutaer . 6 Irland opnåede et overskud på den samlede offentlige sektors finanser på 0,9 pct .
This is also mirrored in relatively high exchange rate volatility and short-term interest rate differentials , both of which have 18
marts 1998 , dvs . efter referenceperioden anvendt i denne rapport , blev det irske punds bilaterale centralkuser over for andre valutaer i ERM revalueret med 3 pct .
With effect from 16 March 1998 , i.e. after the reference period referred to in this Report , the bilateral central rates of the Irish pound against the other ERM currencies were revalued by 3 %.
gælde fra 1999 , om at de offentlige finanser er i balance eller i overskud , og gældskvotienten vil falde yderligere under referenceværdien på 60 pct .
imperfections , which will not jeopardise the overall functioning of the ESCB at the start of Stage Three and which will be addressed in the context of forthcoming legislative changes .
I 1996 oversteg de offentlige underskud ikke de offentlige investeringer .
The EMI takes note that the Decimal Currency Act has also been adapted .
Desuden har Irland fastholdt et overskud på betalingsbalancen .
3.8 Italy Over the reference period Italy has achieved a rate of HICP inflation of 1.8% , which is well below the reference value stipulated by the Treaty .
Den demografiske situation er relativt favorabel , pensionssystemet hviler på privat finansierede pensioner , og offentlige ufinansierede pensioner spiller kun en relativt lille rolle .
The growth of unit labour costs picked up in 1996 , before slowing to 3.1% in 1997 , and a general trend towards low rates of inflation was also apparent in terms of other relevant price indices .
Statutten for Central Bank of Ireland blev ændret ved centralbanklov 1998 . Med vedtagelsen og ikrafttrædelsen af denne lov , og forudsat at særlige regler heri træder i kraft rettidigt , ( hvorom der er forudset gradvis tilpasning ved ministerielle anordninger ) , er der ingen tilbageværende uforeneligheder med traktat - og statutkrav i tredje fase i bankens statut .
Looking ahead , there is little sign of immediate upward pressure on inflation ; the most recent forecast projects inflation to stand slightly below 2 % in 1998 and around 2 % in 1999 .
Der er dog to ufuldstændigheder , som ikke vil bringe ESCB 's generelle funktion fra begyndelsen af tredje fase i fare , og som vil blive behandlet i sammenhæng med forestående lovgivningsmæssige ændringer .
The level of long-term interest rates was 6.7% , i.e. below the respective reference value . The Italian lira has been participating in the ERM for around 15 months , i.e. for less than two years prior to the examination by the EMI .
EMI bemærker , at møntloven også er blevet tilpasset . set har været stabil set over referenceperioden som helhed .
On the basis of the evidence reviewed in the Report , in an ex post assessment , the lira has been broadly stable over the reference period as a whole .
Inden for ERM er liren generelt forblevet tæt på dens uændrede centralkurser uden behov for foranstaltninger til støtte for valutakursen . Italien opnåede i 1997 et budgetunderskud på 2,7 pct .
Within the ERM it has remained generally close to its unchanged central parities , without the need for measures to support the exchange rate .
af BNP , dvs . under referenceværdien , og udsigten for 1998 er et yderligere fald til 2,5 pct .
In 1997 Italy achieved a fiscal deficit ratio of 2.7% of GDP , i.e. below the reference value , and the outlook is for a further decrease to 2.5% in 1998 .
Efter at have nået et maksimum i 1994 , er gældskvotienten faldet med 3,3 procentpoint til 121,6 pct . i 1997 .
After having reached a peak in 1994 , the ratio declined by 3.3 percentage points to stand at 121.6% in 1997 .
Gælden forventes at falde til 118,1 pct . af BNP i 1998 .
The outlook is for a decline in the debt ratio to 118.1% of GDP in 1998 .
Trods bestræbelserne og de betydelige fremskridt , der er sket for at forbedre de offentlige finanser , må der nødvendigvis være en fortsat bekymring over , hvorvidt gældskvotienten vil « mindskes tilstrækkeligt og nærme sig referenceværdien med en tilfredsstillende hastighed » , og hvorvidt de offentlige finansers stilling er holdbar .
Notwithstanding the efforts and the substantial progress made towards improving the current fiscal situation , there must be an ongoing concern as to whether the ratio of government debt to GDP will be sufficiently diminishing and approaching the reference value at a satisfactory pace and whether sustainability of the fiscal position has been achieved ;
Disse spørgsmål må derfor fortsat have hovedprioritet for de italienske myndigheder .
addressing this issue will have to remain a key priority for the Italian authorities .
Der er hurtigt behov for et signifikant og vedvarende budgetoverskud for håndfast at kunne reducere gældskvotienten til 60 pct . af BNP inden for et passende tidsrum .
Significant and persistent overall fiscal surpluses are rapidly needed to be able to forcefully reduce the debt ratio to 60 % of GDP within an appropriate period of time .
af BNP i 1997 og et skønnet underskud på 2,5 pct . af BNP i 1998 .
This compares with a recorded fiscal deficit of 2.7% of GDP in 1997 as well as the deficit forecast for 1998 of 2.5% .
Stabilitets - og vækstpagten kræver også , som en mellemfristet målsætning , en budgetstilling , der er tæt på balance eller udviser overskud .
The Stability and Growth Pact also requires , as a medium-term objective , a budgetary position that is close to balance or in surplus .
Med hensyn til andre faktorer oversteg budgetunderskuddet i 1996 og 1997 de offentlige investeringer , mens Italien opnåede betragtelige og stigende overskud på betalingsbalances løbende poster , der bragte Italien på en stort set balanceret nettostilling overfor udlandet .
With regard to other factors , in 1996 and 1997 the deficit ratio exceeded the ratio of public investment to GDP , while Italy has recorded sizable and increasing current account surpluses which brought the net external liability position near to balance .
De statutmæssige bestemmelser om Banca d' Italia , som er indeholdt i forskellige love og dekreter , er blevet ændret .
The statutory provisions governing the Banca d Italia , which are contained in various laws and decrees , have been amended .
vedtaget af aktionærerne på generalforsamlingen , godkendes ved et præsidentdekret , og at de træder i kraft rettidigt , og forudsat at bestemmelserne henvist til i artikel 11.1 i lovdekret nr. 43 af 10 . marts 1998 træder i kraft senest på tidspunktet for oprettelsen af ESCB , vil bankens statut være forenelig med traktat - og statutkrav i tredje fase .
Assuming that the amendments to the Bank s By-Laws adopted by the General Meeting of Shareholders are approved by a Presidential Decree and that they will enter into force on time , and assuming that the provisions referred to in Article 11.1 of Legislative Decree No. 43 dated 10 March 1998 will enter into force on the date of the establishment of the ESCB at the latest , the Bank s statute will be compatible with Treaty and Statute requirements for Stage Three .
EMI er ikke bekendt med nogen andre statutmæssige bestemmelser , som vil kræve tilpasning i henhold til traktatens artikel 108 . Med hensyn til andre faktorer kan det nævnes , at Luxembourg har bibeholdt store overskud på betalingsbalancen .
The EMI is not aware of any other statutory provisions which would require adaptation under Article 108 of the Treaty .
3.9 Luxembourg I referenceperioden har Luxembourg opnået en HICP-inflation på 1,4 pct . , hvilket er klart under referenceværdien fastsat i traktaten .
3.9 Luxembourg Over the reference period Luxembourg has achieved a rate of HICP inflation of 1.4% , which is well below the reference value stipulated by the Treaty .
Væksten i enhedslønomkostningerne var dæmpet og en lav inflation sås også i andre relevante prisindeks .
The increase in unit labour costs was subdued and low rates of inflation were also apparent in terms of other 19 relevant price indices .
Ser man fremad , er der umiddelbart nogle svage tegn på et opadgående pres på inflationen ;
Looking ahead , there is little sign of immediate upward pressure on inflation ;
ifølge prognoser vil den være 1 1/2 - 2 pct . i 1998 og 1999 .
forecasts project inflation will stand at 1‰-2 % in 1998 and 1999 .
Den luxembourgske franc , som er i møntunion med den belgiske franc , har deltaget i ERM meget længere end 2 år .
The Luxembourg franc , which is in a monetary association with the Belgian franc , has been participating in the ERM for much longer than two years .
I referenceperioden har den stort set været stabil og tæt på centralkurserne uden behov for foranstaltninger til støtte for valutakursen . Den lange rente var 5,6 pct .
Over the reference period it remained broadly stable , generally close to its unchanged central parities without the need for measures to support the exchange rate .
, dvs . klart under referenceværdien .
The level of longterm interest rates was 5.6% , i.e. well below the respective reference value .
Luxembourg opnåede et overskud på den samlede offentlige sektors finanser på 1,7 pct . af BNP i 1997 , og når derfor let referenceværdien på 3 pct .
Luxembourg achieved a general government surplus of 1.7% of GDP in 1997 , thereby comfortably meeting the 3 % reference value , and the outlook is for a surplus of 1.0% in 1998 .
af BNP i 1997 , hvilket er langt under referenceværdien på 60 pct . I 1998 er der udsigt til en stigning til 7,1 pct .
In addition , the fiscal debt ratio was virtually stable at 6.7% of GDP in 1997 , i.e. remaining far below the 60 % reference value , and the outlook is for an increase to 7.1% in 1998 .
af BNP . Med hensyn til de offentlige finansers holdbarhed på lidt længere sigt , så vil Luxembourg - hvis det nuværende budgetoverskud fastholdes i 1998 - leve op til målsætningen i stabilitets - og vækstpagten , som vil gælde fra og med 1999 , om at de offentlige finanser er i balance eller i overskud .
With regard to the sustainability of fiscal developments , looking ahead , if current fiscal surpluses are maintained for 1998 , Luxembourg should comply with the mediumterm objective of the Stability and Growth Pact , effective from 1999 onwards , of having a budgetary position that is close to balance or in surplus .
3.10 Holland I referenceperioden har Holland opnået en HICP-inflation på 1,8 pct . , hvilket er klart under referenceværdien fastlagt i traktaten .
3.10 Netherlands Over the reference period the Netherlands has achieved a rate of HICP inflation of 1.8% which is well below the reference value stipulated by the Treaty .
Væksten i enhedslønomkostningerne var lav , og generelt var der også lav inflation målt ved andre relevante prisindeks .
The increase in unit labour costs was subdued and generally low rates of inflation were also apparent in terms of other relevant price indices .
Ser man frem i tiden , er der visse tegn på et umiddelbart opadgående pres på inflationen .
Looking ahead , there are some signs of immediate upward pressure on inflation ;
Ifølge prognoser vil inflationen stige til omkring 2 ½ pct . i 1998 og 1999 .
forecasts project inflation will rise to around 2‰ % in 1998 and 1999 .
Den hollandske gylden har deltaget i ERM i betydeligt mere end to år , og har stort set været stabil i referenceperioden og generelt tæt på de uændrede centralkurser , uden at der har været behov for understøttende tiltag . Niveauet for den lange rente har været på 5,5 pct .
The Dutch guilder has been participating in the ERM for much longer than two years . Over the reference period it remained broadly stable , generally close to its unchanged central parities , without the need for measures to support the exchange rate .
, dvs . klart under referenceværdien .
The level of longterm interest rates was 5.5% , i.e. well below the respective reference value .
af BNP i 1997 , dvs . klart under referenceværdien .
In 1997 the Netherlands achieved a fiscal deficit ratio of 1.4% of GDP , i.e. well below the reference value , and the outlook is for an increase to 1.6% in 1998 .
Efter at den kulminerede i 1993 , faldt kvotienten med 9,1 procentpoint til 72,1 pct . i 1997 .
After having reached a peak in 1993 , the ratio declined by 9.1 percentage points to stand at 72.1% in 1997 .
Hvad angår finanspolitikkens holdbarhed , så er der udsigt til et fald i gælden til 70,0 pct . af BNP i 1998 .
Regarding the sustainability of fiscal developments , the outlook is for a decrease in the debt ratio to 70.0% of GDP With regard to other factors , Luxembourg in 1998 .
længere frem i tiden , vil en fastholdelse af den nuværende underskudskvotient ikke være tilstrækkelig til at nedbringe gælden til 60 pct . af BNP inden for et pasende tidsrum , hvilket viser behovet for yderligere betydelige fremskridt i konsolideringen .
Looking further ahead , keeping the has maintained large current account surpluses . deficit ratio at current levels would not be sufficient to bring the debt ratio down to 60 % The Law of 20 May 1983 establishing the of GDP within an appropriate period of time , Institut MonØtaire Luxembourgeois as thus pointing to the need for further substantial amended and the Law of 15 March 1979 on progress in consolidation .
Stabilitets - og vækstpagten kræver også , at budgettet skal være tæt på balance eller i overskud som et mellemlangt mål . Med den nuværende gæld på over 70 pct .
The Stability and the monetary status of Luxembourg are Growth Pact also requires as a medium-term currently being amended with Law No. 3862 . objective a budgetary position that is close to Assuming that this law is adopted as it stood balance or in surplus .