natgillin/translations-raw huggingface dataset:
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; All years &gt; CON / 2005/60
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; Kronologisk liste over alle ECB &lsquo; s retlige instrumenter &gt; Alle år &gt; CON / 2005/60
C 362/14
C 362/14
ECB skal understrege , at grundprincippet for udfłrelse af ECB 's monetære politik er princippet om » et medlem , en stemme «.
The ECB emphasises that the core constitutional principle of government of the monetary policy of the ECB is  one member , one vote .
ECB noterer med tilfredshed , at det er hensigten , at der ikke gennem den foreslåede ændringsprocedure ændres i dette grundprincip for så vidt angår medlemmer med stemmeret .
The ECB welcomes the intention not to change this core constitutional principle with regard to members with voting rights through the proposed amendment procedure .
ECB lægger afgłrende vægt på , at dette nedfældes i en særlig erklæring afgivet af medlemsstaterne , som knyttes til traktaten om oprettelse af Det Europæiske Fællesskab .
The ECB considers it essential to record this in a specific Declaration of the Member States to be annexed to the Treaty establishing the European Community .
ECB konstaterer , at stemmereglerne i statuttens artikel 10.3 og 11.3 forbliver uændrede .
The ECB understands that the voting rules foreseen in Articles 10.3 and 11.3 of the Statute will remain unchanged .
Det synes hensigtsmæssigt , at dette kommer til udtryk i ovennævnte erklæring afgivet af medlemsstaterne , som knyttes til traktaten om oprettelse af Det Europæiske Fællesskab .
It might be advisable to record this understanding in the abovementioned Declaration of Member States to be annexed to the Treaty establishing the European Community .
For at undgå muligheden for ændring af selve den forenklede ændringsprocedure skal ECB foreslå , at forslaget til ny tekst indsættes i slutningen af statuttens artikel 10 , som ny artikel 10.6 , i stedet for at indsættes i slutningen af artikel 10.2 .
In order to avoid the possibility of amending the simplified procedure itself , the ECB recommends the insertion of the proposed new text at the end of Article 10 of the Statute as a new Article 10.6 instead of inserting it at the end of Article 10.2 .
ECB skal foreslå fłlgende teksttilfłjelse til forslaget : » For ECB 's henstilling efter denne bestemmelse gælder reglerne i statuttens artikel 41.2 .
The ECB proposes the insertion of the following wording in the proposal :  The recommendation of the ECB referred to in this Article shall be made in accordance with Article 41.2 of the Statute .
« 9 .
 9 .
ECB skal desuden foreslå , at sidste punktum i forslaget erstattes af fłlgende : » Rådet henstiller til medlemsstaterne at gennemfłre disse ændringer .
In addition , the ECB proposes the replacement of the last sentence of the proposal with the following wording :  The Council shall recommend these amendments for adoption by the Member States .
˘ndringerne træder i kraft , når de er ratificeret af alle medlemsstater i overensstemmelse med deres forfatningsmæssige bestemmelser .
The amendments shall enter into force after being ratified by all the Member States in accordance with their respective constitutional requirements .
« 10 .
 10 .
Udfærdiget i Frankfurt am Main , den 5 . december 2000 .
Done at Frankfurt am Main , 5 December 2000 .
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; 2004 &gt; ECB / 2004/15
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; Kronologisk liste over alle ECB &lsquo; s retlige instrumenter &gt; 2004 &gt; ECB / 2004/15
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; Kronologisk liste over alle ECB &lsquo; s retlige instrumenter &gt; 2004 &gt; ECB / 2004/15
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; 2004 &gt; ECB / 2004/15
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; Alle ECB udtalelser &gt; CON / 1998/44
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All ECB opinions &gt; CON / 1998/44
Sep - 2002
Sep - 2002
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; 2003 &gt; CON / 2003/13
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; Kronologisk liste over alle ECB &lsquo; s retlige instrumenter &gt; 2003 &gt; CON / 2003/13
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; Kronologisk liste over alle ECB &lsquo; s retlige instrumenter &gt; 2003 &gt; CON / 2003/13
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; 2003 &gt; CON / 2003/13
Feb - 2009
Feb - 2009
Aug - 2017
Aug - 2017
Navigation Path : Home &gt; The European Central Bank &gt; Undervisningsmateriale &gt; FAKTA-materiale &gt; Organisation &gt; Slide 1
Navigation Path : Home &gt; The European Central Bank &gt; Educational &gt; FACTS presentation &gt; Organisation &gt; Slide 1
Det Europæiske System af Centralbanker ( ESCB ) består af :
The European System of Central Banks ( ESCB ) comprises
Den Europæiske Centralbank ( ECB )
the European Central Bank ( ECB ) and
De nationale centralbanker i de 27 EU-lande .
the national central banks ( NCBs ) of all 27 EU Member States .
Det betyder , at de nationale centralbanker i de EU-lande , som endnu ikke har indført euroen , fordi de enten har særstatus ( Danmark og Storbritannien ) eller dispensation ( Sverige og 8 af de 12 medlemslande , der er tiltrådt siden maj 2004 ) , også deltager i ESCB .
This means that the ESCB includes the national central banks of those EU Member States that have not yet adopted the euro , be it due to their special status ( Denmark , United Kingdom ) or because they have a derogation . The latter currently applies to Sweden as well as 8 of the 12 Member States that have joined the EU since May 2004 .
Det betyder , at de stadig har deres egen nationale valuta , at de stadig fører deres egen pengepolitik , og at deres respektive centralbanker indtil videre har beholdt deres monetære suverænitet .
This means in consequence : these countries still have their own national currency , for which they still conduct their own monetary policy and their respective central banks keep for the time being their monetary sovereignty .
Det betyder naturligvis også , at de ikke er med til at udføre de centrale aktiviteter i ØMU som fx at føre pengepolitik for euroområdet .
This also means , of course , that they are not involved in the performance of the core activities of Monetary Union , such as the conduct of the monetary policy for the euro area .
Ikke desto mindre er de nationale centralbanker uden for euroområdet underlagt de principper i pengepolitikken , som er rettet mod prisstabilitet .
The non-euro area NCBs are nevertheless committed to the principles of monetary policies which aim at price stability .
Deres deltagelse i ESCB indebærer desuden , at de i større eller mindre grad samarbejder aktivt med Eurosystemet på en række områder , fx gennem deres deltagelse i Target2-systemet og deres støtte ved indsamlingen af statistiske data .
Furthermore , ESCB membership implies at varying degrees active cooperation with the Eurosystem in several fields of activity , such as participation in the TARGET2 payment system and support in the collection of statistics .
Endvidere udgør det europæiske valutasamarbejde ( ERM2 ) et grundlag for samarbejdet med Eurosystemet på det penge - og valutakurspolitiske område .
In addition , the European Exchange Rate Mechanism II ( ERM II ) provides a framework for monetary and exchange rate policy cooperation with the Eurosystem .
Det institutionelle forum i dette samarbejde er ECBs generelle råd .
The institutional forum for such cooperation is the General Council of the ECB .
Retsgrundlaget for ESCB er traktaten om oprettelse af Det Europæiske Fællesskab ( nu traktaten om Den Europæiske Unions funktionsmåde , der trådte i kraft 1 . december 2009 ) og statutten for Det Europæiske System af Centralbanker og Den Europæiske Centralbank ( ESCB-statutten ) .
The legal basis for the ESCB is the Treaty Establishing the European Community ( renamed the Treaty on the Functioning of the European Union , in force since 1 December 2009 ) and the Statute of the European System of Central Banks and of the European Central Bank ( ESCB Statute ) .
EF-traktaten pålægger generelt ESCB at udføre funktionen som centralbank for euroområdet .
The Treaty entrusts the ESCB in general with the performance of the central banking functions for the euro .
I ESCB-statutten fastlægges mere konkret ECBs og de nationale centralbankers indbyrdes roller og funktioner .
The ESCB Statute defines more specifically the relative roles and functions of the ECB and the NCBs , respectively .
Link til traktaten om Den Europæiske Unions funktionsmåde og ESCB-statutten : http://eur-lex.europa.eu/da/treaties/index.htm .
For the text of the Treaty on the Functioning of the European Union and the ESCB Statute annexed to it , see http://eur-lex.europa.eu/en/treaties/index.htm
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2007 &gt; 30 . marts 2007
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2007 &gt; 30 March 2007
30 . marts 2007 - Planlagte mødedatoer for ECBs styrelsesråd og generelle råd samt datoer for de efterfølgende pressekonferencer i 2008 og 2009
30 March 2007 - Schedules for the meetings of the Governing Council and the General Council of the ECB and the related press conferences in 2008 and 2009
Styrelsesrådet har vedtaget , at det også i 2008 og 2009 som hovedregel vil afholde sine møder den første og tredje torsdag i måneden .
The Governing Council has decided that in the years 2008 and 2009 its meetings will continue to be held , as a rule , on a Thursday in the first and third weeks of each month .
Som meddelt 8 . november 2001 vil Styrelsesrådet som hovedregel kun drøfte ECBs pengepolitiske stilling på det første møde i måneden .
As announced on 8 November 2001 , the stance of the ECB 's monetary policy will continue to be assessed by the Governing Council , as a rule , only at the first meeting of the month .
I Styrelsesrådets mødekalender for 2008 og 2009 er der endvidere taget højde for , at reservekravsperioderne begynder på afviklingsdagen for den første primære markedsoperation efter det møde i Styrelsesrådet , hvor en drøftelse af den pengepolitiske stilling er på dagsordenen .
The meeting schedule of the Governing Council for 2008 and 2009 also takes into account the fact that reserve maintenance periods will start on the settlement day of the main refinancing operation ( MRO ) following the Governing Council meeting at which the monthly assessment of the monetary policy stance is scheduled to take place .
I overensstemmelse med nuværende praksis vil to af Styrelsesrådets møder i såvel 2008 som 2009 blive afholdt uden for Frankfurt : I 2008 afholdes det første 8 .
Also in line with established practice , two meetings of the Governing Council will again be held outside Frankfurt in both 2008 and 2009 .
maj 2008 i Bank of Greece og det andet 6 . november 2008 i Nationale Bank van België / Banque Nationale de Belgique .
In 2008 the first one , on 8 May 2008 , will be hosted by the Bank of Greece and the second one , on 6 November 2008 , will be hosted by the Nationale Bank van België / Banque Nationale de Belgique .
april 2009 i Banca d' Italia og det andet 2 . juli 2009 i Banque centrale du Luxembourg .
In 2009 the first one , on 2 April 2009 , will be hosted by the Banca d' Italia and the second one , on 2 July 2009 , will be hosted by the Banque centrale du Luxembourg .
Det Generelle Råd har besluttet at fortsætte den nuværende praksis med kvartalsvise møder .
The General Council has decided that the current practice of having quarterly meetings is to be maintained .
Endelig fortsætter den nuværende pressekonferencepraksis , hvilket vil sige , at der normalt afholdes pressekonference efter månedens første møde i Styrelsesrådet .
Finally , the current regime for holding press conferences will continue , i.e. they will generally take place after the first Governing Council meeting of the month .
Mødekalender for ECBs styrelsesråd i 2008
Meetings of the Governing Council of the ECB in 2008
10 . januar 2008
10 January 2008
7 . februar 2008
7 February 2008
21 . februar 2008
21 February 2008
6 . marts 2008
6 March 2008
27 . marts 2008
27 March 2008
10 . april 2008
10 April 2008
24 . april 2008
24 April 2008
8 . maj 2008 ( Athen )
8 May 2008 ( Athens )
21 . maj 2008
21 May 2008
5 . juni 2008
5 June 2008
19 . juni 2008 *
19 June 2008 *
3 . juli 2008
3 July 2008
17 . juli 2008
17 July 2008
7 . august 2008
7 August 2008
4 . september 2008
4 September 2008
18 . september 2008 *
18 September 2008 *
2 . oktober 2008
2 October 2008
23 . oktober 2008
23 October 2008
6 . november 2008 ( Bruxelles )
6 November 2008 ( Brussels )
20 . november 2008
20 November 2008
4 . december 2008
4 December 2008
18 . december 2008 *
18 December 2008 *
* Mødet begynder onsdag eftermiddag og fortsætter torsdag .
* This meeting will start on Wednesday afternoon and resume on Thursday .
Mødekalender for ECBs generelle råd i 2008
Meetings of the General Council of the ECB in 2008
19 . juni 2008
19 June 2008
18 . september 2008
18 September 2008
18 . december 2008
18 December 2008
Pressekonferencer i 2008
Press conferences in 2008
Mødekalender for ECBs styrelsesråd i 2009
Meetings of the Governing Council of the ECB in 2009
15 . januar 2009
15 January 2009
5 . februar 2009
5 February 2009
19 . februar 2009
19 February 2009
5 . marts 2009
5 March 2009
19 . marts 2009 *
19 March 2009 *
2 . april 2009 ( Rom )
2 April 2009 ( Rome )
23 . april 2009
23 April 2009
7 . maj 2009
7 May 2009
20 . maj 2009
20 May 2009
4 . juni 2009
4 June 2009
18 . juni 2009 *
18 June 2009 *
2 . juli 2009 ( Luxembourg )
2 July 2009 ( Luxembourg )
16 . juli 2009
16 July 2009
6 . august 2009
6 August 2009
3 . september 2009
3 September 2009
17 . september 2009 *
17 September 2009 *
8 . oktober 2009
8 October 2009
22 . oktober 2009
22 October 2009
5 . november 2009
5 November 2009
19 . november 2009
19 November 2009
3 . december 2009
3 December 2009
17 . december 2009 *
17 December 2009 *
Mødekalender for ECBs generelle råd i 2009
Meetings of the General Council of the ECB in 2009
19 . marts 2009
19 March 2009
18 . juni 2009
18 June 2009
17 . september 2009
17 September 2009
17 . december 2009
17 December 2009
Pressekonferencer i 2009
Press conferences in 2009
http://www.ecb.europa.eu/press/pr/date/2007/html/pr070330.da.html
http://www.ecb.europa.eu/press/pr/date/2007/html/pr070330.en.html
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; Alle ECB udtalelser &gt; CON / 2008/4
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All ECB opinions &gt; CON / 2008/4
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2007 &gt; 25 . maj 2007
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2007 &gt; 25 May 2007
25 . maj 2007 - Ændring af kriterierne for aktiver , der kan anvendes som sikkerhed i forbindelse med Eurosystemets kreditoperationer
25 May 2007 - Amendment to the criteria for assets eligible as collateral for eurosystem credit operations
Den Europæiske Centralbank ( ECB ) giver i dag nærmere oplysninger om de aktiver , der kan anvendes som sikkerhed i forbindelse med Eurosystemets kreditoperationer . Som følge af den endelige ikrafttræden af den fælles ramme for belånbare aktiver til sikkerhedsstillelse den 1 .
The European Central Bank ( ECB ) is today providing further details on the assets eligible as collateral for Eurosystem credit operations .
januar 2007 har Eurosystemet specificeret , at udstedere af omsættelige aktiver , der kan anvendes som sikkerhed i forbindelse med Eurosystemets kreditoperationer -- herunder dog undtaget internationale og overnationale institutioner -- skal være etableret enten i Det Europæiske Økonomiske Samarbejdsområde ( EØS ) eller i et af de fire G10-lande uden for EØS [ 1 ] .
As a result of the completion of the single collateral framework on 1 January 2007 , the Eurosystem has specified that , with the exception of international or supranational institutions , issuers of marketable assets eligible for Eurosystem credit operations must be established either in the European Economic Area ( EEA ) or in one of the four non-EEA G10 countries [ 1 ] .
Aktiver udstedt af enheder med hjemsted uden for EØS eller i G10-lande uden for EØS bliver således ikke længere belånbare , uanset om der foreligger en garanti fra en enhed , der er etableret i EØS , eller ej .
Thus , assets issued by entities domiciled outside the EEA or the non-EEA G10 countries will not be eligible , irrespective of whether a guarantee by an entity established in the EEA is available .
På baggrund heraf ophører disse liste 1-papirer med at være belånbare pr. 1 . juni 2007 .
Against this background , these tier one assets will lose eligibility on 1 June 2007 .
januar 2007 er dog undtaget fra denne regel indtil 31 . december 2011 , og de ophører først med at være belånbare efter denne dato .
However , assets issued before 1 January 2007 will be grandfathered until 31 December 2011 and will only become ineligible after that date .
Denne beslutning er i overensstemmelse med de belånbarhedskriterier , der gælder for omsættelige aktivers udstedelsessted , som fremgår af afsnit 6.2.1 i « Gennemførelsen af pengepolitikken i euroområdet : Dokumentationsgrundlag for Eurosystemets pengepolitiske instrumenter og procedurer » ( kendt som « Dokumentationsgrundlaget ') .
This decision is in line with the eligibility criteria on the place of establishment for marketable assets listed in section 6.2.1 of « The implementation of monetary policy in the euro area : General Documentation on Eurosystem monetary policy instruments and procedures » ( generally known as the « General Documentation ") .
[ 1 ] Det Europæiske Økonomiske Samarbejdsområde ( EØS ) består af de 27 lande i Den Europæiske Union samt Island , Liechtenstein og Norge .
[ 1 ] The European Economic Area consists of the 27 countries of the European Union , plus Iceland , Liechtenstein and Norway .
De fire G10-lande uden for EØS er Canada , Japan , Schweiz og USA .
The four non-EEA G10 countries are Canada , Japan , Switzerland and the United States .
http://www.ecb.europa.eu/press/pr/date/2007/html/pr070525_3.da.html
http://www.ecb.europa.eu/press/pr/date/2007/html/pr070525_3.en.html
Okt - 2012
Oct - 2012
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; All years &gt; CON / 2007/12
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; Kronologisk liste over alle ECB &lsquo; s retlige instrumenter &gt; Alle år &gt; CON / 2007/12
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; Kronologisk liste over alle ECB &lsquo; s retlige instrumenter &gt; Alle år &gt; CON / 2007/12
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; All years &gt; CON / 2007/12
Nov - 2025
Nov - 2025
Navigation Path : Home &gt; The European Central Bank &gt; Retsgrundlaget &gt; ECB &lsquo; s institutionelle bestemmelser &gt; Relaterede ECB udtalelser &gt; CON / 1998/53
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; ECB institutional provisions &gt; Related ECB opinions &gt; CON / 1998/53
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2009 &gt; 3 . december 2009
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2009 &gt; 3 December 2009
3 . december 2009 - Pengepolitiske beslutninger
3 December 2009 - Monetary policy decisions
http://www.ecb.europa.eu/press/pr/date/2009/html/pr091203.da.html
http://www.ecb.europa.eu/press/pr/date/2009/html/pr091203.en.html
december 2008 Mellem Den Europæiske Centralbank og de nationale centralbanker i medlemsstaterne uden for euroområdet om ændring af aftalen af 16 . marts 2006 mellem Den Europæiske Centralbank og de nationale centralbanker i medlemsstaterne uden for euroområdet om fastlæggelse af de operationelle procedurer for en valutakursmekanisme i tredje fase af Den Økonomiske og Monetære Union ( 2009 / C 16/02 ) 1 ) Българска народна банка ( Bulgarian National Bank ) 1 , Kynaz Alexander 1 Sq .
EUROPEAN CENTRAL BANK AGREEMENT of 8 December 2008 between the European Central Bank and the national central banks of the Member States outside the euro area amending the Agreement of 16 March 2006 between the European Central Bank and the national central banks of the Member States outside the euro area laying down the operating procedures for an exchange rate mechanism in stage three of economic and monetary union ( 2009 / C 16/02 ) 1 . Българска народна банка ( Bulgarian National Bank ) 1 , Kynaz Alexander 1 Sq .
, BG-Sofia-1000 Česká národní banka Na Příkopě 28 CZ-115 03 Praha 1 Danmarks Nationalbank Havnegade 5 DK-1093 Copenhagen K Eesti Pank Estonia pst .
BG-Sofia-1000 Česká národní banka Na Příkopě 28 CZ-115 03 Praha 1 Danmarks Nationalbank Havnegade 5 DK-1093 Copenhagen K Eesti Pank Estonia pst .
13 EE-15095 Tallinn Latvijas Banka K. Valdemara iela 2a LV-1050 Riga Lietuvos bankas Totoriu g. 4 LT-01121 Vilnius Magyar Nemzeti Bank Szabadság tér 8/9 H-1054 Budapest Narodowy Bank Polski ulica Świętokrzyska 11/21 PL-00-919 Warsaw Banca Națională a României Strada Lipscani nr. 25 , sector 3 , RO-030031 Bucharest Národná banka Slovenska Imricha Karvaša 1 SK-813 25 Bratislava Sveriges Riksbank Brunkebergstorg 11 S-103 37 Stockholm Bank of England Threadneedle Street London EC2R 8AH Storbritannien og
13 EE-15095 Tallinn Latvijas Banka K. Valdemara iela 2a LV-1050 Riga Lietuvos bankas Totoriu g. 4 LT-01121 Vilnius Magyar Nemzeti Bank Szabadság tér 8/9 H-1054 Budapest Narodowy Bank Polski ulica Świętokrzyska 11/21 PL-00-919 Warsaw Banca Națională a României Strada Lipscani nr. 25 , sector 3 RO-030031 Bucharest Národná banka Slovenska Imricha Karvaša 1 SK-813 25 Bratislava Sveriges Riksbank Brunkebergstorg 11 S-103 37 Stockholm Bank of England Threadneedle Street London EC2R 8AH United Kingdom and
2 ) Den Europæiske Centralbank ( ECB ) : ( i det følgende benævnt : » parterne «) ud fra følgende betragtninger : 1 .
2 . European Central Bank ( ECB ) ( hereinafter the « Parties ') Whereas : 1 .
Det Europæiske Råd vedtog i sin resolution af 16 . juni 1997 ( i det følgende benævnt » resolutionen «) , at der indførtes en valutakursmekanisme ( i det følgende benævnt » ERM II «) , når tredje fase af Den Økonomiske og Monetære Union indledtes den 1 .
The European Council in its Resolution of 16 June 1997 ( hereinafter the « Resolution ') agreed to set up an exchange rate mechanism ( hereinafter the « ERM II ') when the third stage of economic and monetary union began on 1 January 1999 .
I henhold til resolutionen skal ERM II bidrage til at sikre , at medlemsstater uden for euroområdet , der deltager i ERM II , lægger deres politik an på stabilitet , bidrager til at skabe konvergens og dermed støtter medlemsstaterne uden for euroområdet i deres bestræbelser på at indføre euroen .
Under the terms of the Resolution , ERM II is designed to help ensure that non-euro area Member States participating in ERM II orient their policies to stability , foster convergence and thereby help the non-euro area Member States in their efforts to adopt the euro .
Slovakiet med status som en medlemsstat med dispensation har været part i ERM II siden den 2 . november 2005 , og Národná banka Slovenska deltager i aftalen af 16 .
Slovakia , as a Member State with a derogation , has participated in ERM II since 2 November 2005 .