natgillin/translations-raw huggingface dataset:
Men disse liberaliseringsforanstaltninger bør ikke be tragtes isoleret.
Finally, a few words on the two-tier exchange market in the Belgium/Luxembourg Economic Union.
De fortjener at blive bedømt i forbindelse med den monetære union, nu hvor lande som Frankrig og Italien, der er længst tilbage med libera liseringen af finansielle transaktioner, har et stort bi drag at yde til den monetære unions gennemførelse.
Official rates and open market rates have converged on the same level, so that there can be no question of discrimination or restrictive practices on the part of our two countries, which have always championed freedom of capital movements.
Vi har al interesse i at udnytte anledningen til at tvinge de øvrige lande til også at bidrage til skabelse af forudsætningerne for den monetære union : tilladelse til privat brug af ECU, deltagelse i interventionsmekanismerne for de landes vedkommende, der endnu ikker er med deri, og overholdelse af de samme ud svingsmargener for alle europæiske valutaer.
Moreover, the BLEU will certainly not fail to respond favourably to the Commission's essentially theoretical observations on this subject, on the understanding that the parallel with the elimination of obstacles to free movement of capital, which are more serious in the other countries, will be safe guarded.
Endelig vil jeg gerne komme med en sidste bemærkning om den belgisk-luxembourgske økonomiske unions dobbelte valutamarked.
Mr Besse (S). — (FR) Mr President, the Community suffers from a lack of investment in research and new technologies, modernization of businesses and infrastructures.
De officielle kurser og det frie markeds kurser er nu kommet på linje med hinanden, så der ikke kan være tale om forskelsbe-
Without any doubt the lack of financial integration in the Community is one obstacle among others to fund-raising and investment.
Yderligere liberalisering af kapitalbevægelserne er kun mulig, hvis den har positive, eller i hvert fald ikke negative, virkninger for de svagere lande og regioner i Fællesskabet.
This is why the Commission's proposal for a directive allows the retention of safeguard clauses in certain circumstances to allow these countries a transitional period in which to adapt to this further development.
Det kræver sandsynligvis supplerende foranstaltninger med hen blik på at forbedre strukturerne i disse regioner.
It will also be necessary to make resources available to these countries during the transitional period.
For ud for en fuldstændig liberalisering af kapitalbevægelserne må der gå en grundig undersøgelse af liberaliseringens konsekvenser for sammenhængen i Fællesskabet og dermed for de svagere lande og regioner.
This was stressed by President Delors when he proposed that the financial instruments available to the Community should be used not only in the event of a crisis in a Member State but also as a means of furthering liberalization of capital movements.
Og liberalisering af pengemarkedet, hvilket Kommissionen i sin meddelelse ligeledes påregner i næste faste, må i det mindste kombineres med muligheden for kontrol på europæisk plan med henblik på at kun ne dæmme op for spekulation.
From this point of view the new stage in the liberalization of capital movements proposed by the Commis
Mühlen handling eller restriktiv praksis over for de to lande Belgien og Luxembourg, der altid har ligget i spidsen med hensyn til fri kapitalbevægelse.
Besse mediumsized undertakings, to take just one example, does not inspire great confidence.
For øvrigt vil den belgisk-luxembourgske økonomiske union næppe modsætte sig afgivelse af et gunstigt svar på Kommissionens hovedsagelig teoretiske bemærkninger, da pa rallelismen med afskaffelsen af hindringerne for fri kapitalbevægelse, der er større i de andre lande, op retholdes.
dle speculative flows which are at least five times the amount needed for trading goods, the electronic revolution that has dramatically speeded up the ways in which these transfers are accomplished is surely some thing we should give our full attention to.
Besse (S). — (FR) Hr. formand, Fællesskabet lider af utilstrækkelige investeringer inden for forskning og ny teknologi, modernisering af virksomheder og infrastrukturer.
In conclusion, liberalization of capital movements has no particular virtues in itself, and even entails a number of risks.
Det er imidlertid givet, at Fællesskabets utilstrækkelige finansielle integration er en hindring for mobiliseringen af kapital og gennemførelse af investeringer. vesteringer.
Having outlined the conditions for the right use of liberalization of capital movements in the Community, I can therefore only stress the need, very pertinently pointed out by Mr Bueno Vicente during the discussions, for an intermediate study, an interim report to form the basis of further proposals for a second phase, where there should once again be close consultation of the European Parliament.
Kapitalbevægelsernes liberalisering indebærer fordele, men også ulemper for visse lande og i særdeleshed for nogle mindre fremgangsrige regioner inden for Fællesskabet.
I hope that this will be looked on favourably as an alternative way to try to make sure that investment does not continue to desert those areas that have the greatest need of it.
Derfor omtaler Kommissionens direktivforslag da også opretholdelse af be skyttelsesklausuler i en række tilfælde for at give be stemte lande en overgangsperiode, så de kan tilpasse sig dette fremskridt.
To sum up, Mr President, I do not believe that this directive is particularly useful at this time and I do not think that it will tackle the real economic problems of the moment which should be our real priority.
Endvidere skal disse lande tilbydes anden støtte i overgangsperioden.
Ms Quin (S). — Mr President, like others I would certainly like to pay tribute to the detailed work by my colleague, Mr Bueno Vicente.
Det understregedes også af hr. Delors, der foreslog anvendelse af Fællesskabets finansielle instrumenter ikke blot i til fælde af en krisesituation i en medlemsstat, men også for at hjælpe landene til at gøre fremskridt hen imod fri kapitalbevægelse.
Mr Bru Purón (S). — (ES) Mr President, I intend to say very little, other than to associate myself with the Bueno Vicente report and with most of the views expressed in this Assembly, because I believe in the advantages offered by freedom, the advantages provided by the rationalization of capital movements, and because I also believe that disadvantages arise within national frontiers.
Men beklageligvis lader Rådets langsommelighed i forbindelse med vedtagelsen af NIC IV til fordel for små og mellemstore virksomheder, for blot at tage dette eksempel, en del tvivl bestå.
On the other hand, the dangers caused by excessive mobility can only be offset by a political commitment in favour of solidarity and economic cohesion, a political commitment which must first see the light of day in this Assembly.
I så henseende stemmer den nye fase af liberaliseringen af kapitalbevægelser, som Kommissionen har foreslået og som er genstand for hr. Bueno Vicentes betænkning, overens med et behov, hvis princip bør anerkendes.
The main problem for us is one that I have also raised frequently with regard to the programme for completing the internal market, which is that we. are placing too much faith on measures such as the liberalization of capital, the elimination of barriers and so forth, as if they were going to solve all our economic ills.
Imidlertid er valutaen ikke neutral og kapitalbevægelserne ikke vilkårlige; de udtrykker strategier og styrkeforhold, som man skal bestræbe sig på i videst muligt omfang at få til at falde sammen i almenhedens interesse.
The great danger of such measures — and some of the amendments point this out — is that they will simply lead to an over-concentration of resources and wealth in already prosperous, centrally placed regions and thereby exacerbate the dangerous regional imbalances that we see at the moment.
Derfor kan jeg efter at have påpeget forudsætningerne for en fornuftig anvendelse af liberaliseringen af kapitalbevægelser inden for Fællesskabet kun understrege den af hr. Bueno Vicente under forhandlingerne me get hensigtsmæssigt omtalte nødvendighed af at gen nemføre en foreløbig undersøgelse, udarbejde en rapport om denne fase, for at fremsætte et nyt forslag for anden fase, hvorom Europa-Parlamentet også nøje skal høres.
I wish to speak in favour of an amendment which I have tabled, which involves replacing one paragraph of numeral 2 of the Article 2 provided in the modified regulation, by which the final date for Spain and Portugal would be 31 December 1988 instead of 31 December 1990.
Som situationen i øjeblikket er inden for Fællesskabet, spekulerer sig derfor på, hvordan man bedst muligt kan udnytte liberaliseringen af kapitalbevægelser.
When I look at my own country, the United Kingdom, for example, I see such an imbalance of resources and such a concentration of wealth in our south-eastern corner that I sometimes wonder if the whole country is not going to tip slowly over into the sea.
Efter min opfattelse kræver den tre ting : parallelisme, investeringer og solidaritet.
Surely we do not want to encourage a similar imbalance within the European Community.
Quin (S). — (EN) Hr. formand, ligesom andre vil jeg virkelig gerne yde min tribut til det detaljerede arbejde, hr. Bueno Vicente har udført.
Some of the amendments, in particular those tabled by the Socialist Group, talk of the need for regional mea sures and compensation.
Mine Labour-kolle-ger og jeg har imidlertid stærke forbehold med hen syn til både direktivet og betænkningen som vedtaget af udvalget om økonomi, valutaspørgsmål og industripolitik. stripolitik.
I would support such amend ments, but what I would really like to see is an agree ment to undertake far more active regional and social measures first before proceeding with the directive before us.
Kapitalbevægelserne vil kunne fremme investeringerne i produktive projekter, hvis en række andre krav opfyldes, specielt passende be skatningsforhold og udvikling af europæiske samarbejdsstrategier.
If the Treaty of Accession allows two final dates, at the discretion of the recently integrated countries, by which they must achieve total mobility, then it would appear logical to abide by these dates and the Treaty, within the broadest terms, since the later limit then absorbs the earlier one.
I mangel af skattemæssig harmonisering turde det være indlysende, at kapitalen fortrinsvis vil søge nogle veje frem for andre.
It should be remembered that Spain and Portugal, just like other Community countries in their time, are in a transitory period.
Altså bør Fællesskabet lave, fremskynde eller foranledige dem.
Given that the international currency exchanges han
Quin gal ændres fra den 31. december 1988 til den 31. december 1990.
Bru Purón going to mean in terms of capital movements.
Dette af forskellige grunde.
It is going to do this, because it wants to.
Den anden, af økonomisk art, er at Spanien — og jeg tror også Portugal — ikke bør tynges i deres indsats for at bære udgifterne ved tiltrædelsen, især på det kommercielle område og logisk set hvad dette vil medføre af kapitalbevægelser.
Mr Christiansen (S). — (DA) Mr President, colleagues, we Danish Social Democrats in principle support a liberalization of capital movements within the Community, but we have reservations with regard to support for the directive and the report before us.
Uanset hvad der sker med direktivet, indrømmer jeg selvfølgelig, at en effektiv valutakontrol, hvad enten den er mellem EF-landene eller mellem EF og den øvrige verden, er blevet vanskeligere og vanskeligere som følge af de elektroniske pengeoverførselsmidler.
In the first place, this is because a small country like Denmark with a very open economy is immensely sen sitive to inward and outward capital movements.
Og sidst af politisk og også etisk art : nemlig at Spa nien — og jeg tror også Portugal — uden besvær kan nærme sig en liberalisering af kapitalbevægelserne.
As was emphasized by Mr Herman, action on capital movements has been a long time coming, since, as far as the fundamentals are concerned, we had made no progress beyond the first directive for 12 years.
Et bevis herpå er, at den spanske regering for nylig har indført en liberalisering af kapital til udenlandske børser.
The extra dimension, essential today in order to meet the challenge from such powers as the United States and Japan, also helps to attract capital to Europe, not for speculative purposes, but to finance investment and create employment.
Vi ønsker ikke at blive bebyrdet, vi foretrækker at få lang frist og ikke ty til nødbremsen for at standse toget.
This point was made by two speakers in particular, Mr Fourçans and Mr Collinot, the latter of whom went further, reminding us of the proposal to promote integration by creating a European stock exchange.
På grund af dette taler mit politiske parti mere om en blanding af skatteincitamenter og -bøder i et forsøg på at tilskynde til, at kapitalen overføres til de ugunstigt stillede områder.
Mrs Quin was right, in a sense, when she pointed out that economic policy needs other ingredients and that, when it comes down to it, there is no substitute for dynamism, motivation and a spirit of innovation on the part of producers, entrepreneurs.
Jeg håber, at man vil se positivt på dette som en alternativ måde til at sørge for, at investeringerne ikke fortsat svigter de områder, der har mest brug for dem.
To put it more modestly, then, let us say that liberalization of capital movements is a helping hand on the way to creating a large market.
Christiansen (S). — Hr. formand, kære kolleger, vi danske socialdemokrater støtter i princippet en liberalisering af kapitalbevægelserne inden for EF, men vi har betænkeligheder ved at støtte det foreliggende direktiv og den foreliggende betænkning.
Secondly we believe that it is of paramount importance in any further liberalization of capital movements to ensure that we do not create new regional and social problems in those regions of tne Community which already suffer from a drain of capital. We should therefore formulate a policy which make financial resources available to those regions.
Kort sagt mener jeg ikke, at dette direktiv er særlig hensigtsmæssigt på nuværende tidspunkt, og jeg tror ikke, det vil løse de reelle økonomiske problemer, vi har for øjeblikket, hvilket bør være vor egentlige prioritering.
In this way and in this way only can we justify the development of a truly free internal market for capital movements.
Det skyldes for det første, at et lille land som Dan mark med en meget åben økonomi er uhyre følsomt over for ind- og udgående kapitalbevægelser, og vi er nødt til at sikre os, at en yderligere liberalisering af kapitalbevægelserne ikke vil give mulighed for et spekulativt pres på den danske krone, som kan føre til en alvorlig svækkelse af vore valutareserver.
Thirdly I should like to stress that the liberalization of capital movements must lead to the creation and not the loss of jobs, in other words to lasting investment in industry and not to volatile movements of speculative capital from one country to another.
Derfor vil jeg begrænse mig til et konkret punkt i den korte tid, jeg har til rådighed.
That is why this second stage has to be pre pared carefully.
Jeg vil forsvare et ændringsforslag, som jeg har stillet, der består i at erstatte et afsnit i artikel 2, afsnit 2, i den ændrede forordning, hvorved sidste frist for Spanien og Portu
Preliminary studies have been set in train at my request; they are being carried out by the Commission and the results will be made available in good time in the appropriate quarters, including the Committee on Economic and Monetary Affairs and Industrial Policy.
For det andet er vi af den opfattelse, at man ved en yderligere liberalisering af kapitalbevægelserne først og fremmest bør sikre, at man ikke skaber nye re gionale og sociale problemer i de regioner i EF, der i forvejen lider under kapitalflugt.
Mr Delors, President of the Commission. — (FR) Mr President, ladies and gentlemen, I should like first of all, on behalf of the Commission, to thank the rapporteur, Mr Bueno Vicente, and the Committee on Economic and Monetary Affairs and Industrial Policy, who have made their examination of this text with all dispatch.
Derfor bør man ud forme en politik, der stiller finansielle midler til rå-
That, it seems to me, is a good example of cooperation between Parliament and Commission.
Derved og kun derved kan man forsvare udviklingen af et virkelig frit internt marked for kapitalbevægelser.
This analytical work will also point to ways in which we can ensure that liberalization of capital movements will produce all the effects expected of it and, of course, nothing but these effects.
For det tredje vil jeg også gerne understrege, at liberalisering af kapitalbevægelserne bør føre til oprettelse og ikke tab af arbejdspladser, med andre ord til en varig investering i industrien og ikke til flygtige spekulative kapitalbevægelser mellem landene.
state of progress in the use of the ECU, do nothing to detract from the argument that Mr Herman has con sistently advanced: if the ECU has to make its mark unaided on the capital markets, without benefit of political support and firm resolve on the part of govern ments and central banks, it will not realize its full potential.
Delors, formand for Kommissionen. — (FR) Hr. for mand, mine damer og herrer, jeg vil gerne på Kom missionens vegne begynde med at takke ordføreren, hr. Bueno Vicente, og udvalget om økonomi, valutaspørgsmål og industripolitik, der har skyndt sig med behandlingen af dette forslag.
Having said that, I should like to take a few moments to deal with the essential points raised in your com ments: safeguard clauses, the role of the ECU, and the objectives of convergence followed by cohesion.
Jeg synes, at det er et godt eksempel på samarbejde mellem Parlamentet og Kommissionen.
We cannot take a family photo of the Twelve and make the ECU stand in shame at the back, like a natural child!
Nu skal vi til at forberede anden fase, som bliver mere dristig end denne, idet den omfatter fuldstændig liberalisering af kapitalbevægelser, hvilket jeg siger henvendt til hr. Delatte og også hr. Mühlen, som omtalte den økonomiske og monetære union.
To take safeguard clauses first: as Mr Lataillade reminded us, we have to take account — and the Treaty enjoins us to do so — of variations in circumstances from country to country, and it js this, Mr Christiansen, which justifies the existence of safe guard clauses.
En hen visning til den økonomiske og monetære union findes i den europæiske fælles akt. Men hvis De ellers erindrer, hvad der tidligere er sket, og det første forsøg på at skabe en økonomisk og monetær union, kan De drage den lære deraf, at hastværk er lastværk.
These safeguard clauses are enough in themselves, it seems to me, to make it unnecessary to incorporate amendments Nos 2 and 16 into the motion for a resolution; at any event, these amend ments do not have the Commission's support.
Indledende undersøgelser er iværksat på min foranledning; de foretages af Kommissionen og vil til sin tid blive videresendt til udvalget om økonomi, valutaspørgsmål og industripolitik.
First, as far as the legal situation is concerned, the Community is under no obligation to make the timescale for a safeguard clause on capital movement coincide with the scheduled transitional period.
Endvidere har jeg anmodet en ekspertgruppe under ledelse af en medarbejder fra Italiens nationalbank, hr. Padoa-Scopa, om ud fra et økonomisk synspunkt at undersøge, hvordan oprettelsen af et stort marked uden grænser kan kombineres med større sammenhængskraft inden for Fælles skabet.
On the other hand, as far as the factual situation is concerned — and I am in a way acknowledging the validity of the points made by Mr Bru Purón — I see the strength of the factual arguments given by Spain and Portugal.
Disse overvejelser vil endvidere inspirere os til at sørge for, at liberaliseringen af kapitalbevægelser kommer til at bære alle sine frugter og selvfølgelig intet andet end frugter.
We are going to change our directive to allow safeguard clauses for a further two years, and this is specifically in order to take account of the facts of the situation.
De afholdt i går og i formiddags en stor forhandling om markedet uden grænser.
Mr Metten asked me about the French legislation on privatization, and I take the opportunity to deal with his question now.
Den overværende jeg.
Please do not think that the Com mission has not taken an interest in this matter.
Nogle er utålmodige og fremhæver de forskellige van skeligheder, man støder på; andre udtrykker foruroligelse, der sandt at sige i 1 ige høje grad gælder den frie bevægelighed for varer, tjenesteydelser og personer som liberaliseringen af kapitalbevægelser.
It has studied it, and I myself made representations to get changes made to the legislation before it was passed, and these changes were made.
Efter at have sagt dette vil jeg gerne opholde mig lidt ved det, der udgjorde det væsentligste af Deres be mærkninger: beskyttelsesklausulerne, ECU'ens plads og målene for konvergens og kohæsion.
On the point outstanding, we wrote to the French authorities as soon as the details of the legislation became known to us, our aim being to ensure that everything would be done accord ing to the rules of the Treaty.
Når jeg i år har taget initiativet til at foreslå fuld liberalisering af kapitalbevægelser i løbet af tre år, er det netop for at give en impuls til gennemførelsen af det store indre marked, der som bekendt støder på en fortvivlende langsommelighed i fællesskabsarbejdet, en langsommelighed der selvfølgelig dækker over bagtanker, der til dels blev afsløret i formiddags af nogle medlemmer.
I come now to two concepts without which liberalization of capital movements would be meaningless in the Commission's estimation: the concept of convergence and the concept of cohesion. I refer in particular to Amendments Nos 3 and 8 tabled by Mr Visser and Mr Bueno Vicente.
Beskyttelsesklausulerne er i sig selv tilstrækkelige til, at det efter min opfattelse — og Kommissionen er i alle tilfælde imod det — ikke skulle være nødvendigt at tage hensyn til ændringsforslag nr. 2 og 16 i forslaget til beslutning.
Once capital movements have been freed from all restrictions, there will no longer be any reason why political measures should not be taken to strengthen cooperation within the European Monetary System and to reinforce the role of the ECU.
Derimod vil jeg gerne fremsætte en nærmere forklaring vedrørende Spanien og Portugal, en juridisk og en defactoforklaring.
To add a further pre condition, requiring total convergence of our economies before there can be any development of the European Monetary System, is to misconstrue the facts of the situation.
For det første foreligger der ikke juridisk den ringeste forpligtelse for Fællesskabet til at vælge de samme frister for beskyttelsesklausulerne i forbindelse med kapitalbevægelser som for overgangsperioden.
I can quite see why this has been done, but it is a mistake because when one looks back on the past four years, it can fairly be said that the European Monetary System has had a positive effect on convergence of our economics, and convergence has strengthened the EMS.
Vi ændrer direktivet for at forlænge beskyttelsesklausulens varighed med to år netop for at tage hensyn til dette forhold.
At the same time, however, those countries which may wish, for instance, to shorten the timescale of safeguard clauses, to commit themselves more fully to this process of monetary and financial integration, should be able to do so.
Det nævnte især hr. Fourçans og hr. Collinot, der var den, der gik længst, idet han erindrede om forslaget om oprettelse af en europæisk fondsbørs for at lette inte grationen.
It was this that prompted the Commission to look into ways of extending the role of Community loans, and it has already brought forward proposals, although with out success as yet.
Men man skal forstå mig rigtigt : liberaliseringen af kapitalbevægelser kan aldrig udgøre noget mirakelmiddel.
Until now, Community loans have been used to help a country out of a balance of pay ments crisis.