natgillin/translations-raw huggingface dataset:
Løsningen er ganske enkel: Hvis de 12 medlemslande ønsker en fælles skæbne og en fælles fremtid i denne komplicerede verden, er de nødt til at bevare deres økonomiske union på et meget solidt grund lag og på højt niveau.
We must try to continue reducing the margin of fluctuation in the EMS, while coordinating the macroeconomic policies of the member countries, This is fundamental if the system itself, economic and monetary union and the single market are to be viable in the medium term, We do not think the alternative of creating a strong nucleus of countries is the solution, because it contradicts not only the letter but the spirit of European Union, and would generate a twospeed Europe which in my view would not be good for unyone,
I øjeblikket er jeg af den opfattelse, at vi skridt for skridt bør efterrationalisere det, der fastslås af Maastricht-Traktaten. Hertil hører, at vi ufortøvet træffer de nødven dige afgørelser, at der vælges en formand for Det Europæiske Monetære Institut, og at der omsider skaffes klarhed om instituttets hjemsted.
First, it is a fact that there are a handful of interests thut are in a position, every twenty-four hours, to move hundreds of billions of dollars, or even trillions, to play the markets in order to overthrow any system of monetary equilibrium that has been set up artificially, und to creute insecurity, instability und danger, as Mr Cravinho told us.
Vi er derfor forpligtede til at forsøge at styrke ecuen fremover, da den muligvis vil vise sig at kunne yde et afgørende bidrag til
There are conflicts within the Community, involving major interests in a cerium country which wants to impose the Mark as lhe dominant currency, so that it can be politically dominant as well and can take pride of place in the socalled European Union! All we
GASÓLIBA I BÖHM (LDR). - (ES) Hr. formand, mine damer og herrer, lad mig minde Dem om, at Det Europæ
Secondly, let us admit that the convergence plans have been unsuccessful because they were based on nominal
NIANIAS den økonomiske konvergens, men med meget forsigtige skridt, som den forrige taler sagde.
DOMINGO SEGARRA variables, and that we need to begin studying real convergence of Community countries.
EPHREMIDIS (CG). - (GR) Hr. formand, da jeg kun har et minut til rådighed, vil jeg anlægge en politisk synsvinkel i stedet for den tekniske, andre så desperat har forsøgt at anlægge.
The EMS crisis has shown that the political, economic and also monetary credibility of national policies, par ticularly of national monetary policies, and the determined defence of fixed exchange rates are essential prerequisites for narrow bands.
For det første findes der, og det er en kendsgerning, en lille håndfuld stærke interesser, der er i stand til, hvert eneste døgn, at flytte hundreder millioner dollars, ja endog milliarder, kaste dem ind på børserne for at forstyrre et hvilket som helst dygtigt konstrueret valutabalancesystem, skabe usikkerhed, ustabilitet og en usikker fremtid, som hr. Cravinho sagde.
I call on both the Commission and the Council, as well as the new European Monetary Institute, to do what they can - provided that the national banks are also independent -to prepare the way, harmonize statistics to enable us to work out sensible monetary policy schemes and then, using reliable data bases, try not only to develop a monetary policy concept for the third stage but also to implement it in part.
lang og lang sigt, idet dette ville medføre en situation præget af konkurrerende devalueringer, af vanskeligheder med at forvalte fællesskabsbudgettet samt endog vanskeligheder med at udvikle den fælles landbrugspoli tik.
RANDZIO-PLATH (PSE). - (DE) Mr President, ladies and gentlemen, I want once again to raise a point that continues to give cause for concern to the European Parliament despite the calm on the foreign exchange markets.
Vi skal forsøge gradvist at indsnævre udsvingsmarginen inden for EMS, samtidig med at vi samordner de forskellige makroøkonomiske politikker i medlemslandene. Dette er af fundamental betydning for selve systemet, for Den Økonomiske og Monetære Union, og fordet indre marked, hvis disse skal kunne overleve på mellem lang sigt.
The concern is very evident in Mr Cravinho's report, which points out that there is no smooth path to reform of the European Monetary System.
For det andet, og dette er også en kendsgerning! Hvorfor siger vi det ikke ligeud?
Today we have to accept globalization of the financial and currency markets and the fact that technology plays a much greater role.
Vi har et modstykke i selve Fællesskabet, nemlig de store interesser i et bestemt land, der ønsker at få D-Marken gjort til den herskende valuta, så landet kan dominere politisk og styre den såkaldte Europæiske Union!
Moreover, we now have free move ment of capital, which means that the foreign currency reserves of the OECD states may at times represent not as much as one half of the total money circulating on the currency markets.
Den styrkelse af ecuen, man talerom, er blot et skalkeskjul for disse ensidige interesser.
We must therefore ask ourselves what powers of control state instruments still possess in such an environment.
I øjeblikket har det monetære system behov for to klare instrumenter: for det første at Rådet, som entydig politisk enhed, udsender et budskab om, at det vil tilvejebringe de fornødne institutionelle instrumenter for en udvikling af systemet samt naturligvis for udviklingen hen imod den fælles mønt.
Completion of these tasks could not only contribute to common and harmonious progress, but also help to advance a durable reform of the monetary system that will not threaten the national monetary policy, the stability objective at national and European level, nor again the entry into force of the third stage.
Det Europæiske Monetære Institut bør gå længere end til dets rent høringsmæssige kompetence og naturligvis overgå fra at være et uafhængigt til et selvstyrende organ.
I believe that in this way we can arrive at a monetary policy founded on stability that will help growth and employment in the Community.
For det tredje og vigtigste: Den økonomiske vækst i landene er uensartet, og forskellene forstærkes af Maastrichttraktaten.
I naturally also wonder whether, in view of the prevailing calm generated by the wide fluctuation bands, the ques tion as to when we shall return to narrow bands will remain unanswered.
Man kan ikke bygge noget på så usikker grund, heller ikke et stabilt valutasystem.
We all know how difficult the second stage is and given half a chance we would leap-frog it were it not for the need to produce nominal and real convergence in the EC Member States.
Enten må I indse dette og imødegå problemet med mod og åbenhed, eller det vil dukke op igen og igen uden at blive løst. Med mindre indførelsen af to eller flere hastigheder betragtes som en »løsning«, men det vil føre til splittelse i stedet for union.
How ever, the issue of whether and in what circumstances we shall be able to return to these narrow bands depends above all on whether economic recovery comes along -and I hope, Mr Christophersen, that you will have encouraging words for us today -and whether the national monetary authorities will be able to regain credibility.
DOMINGO SEGARRA (NI). - (ES) Hr. formand, Cravinho-betænkningen tegner et muligt billede af, hvorledes anden fase i Den Økonomiske og Monetære Union kan komme til at se ud.
Firstly, regarding the reaffirmation of the objectives of the Treaty, particularly in the area of the creation of Economic and Monetary Union by the end of the century.
RANDZIO-PLATH (PSE). - (DE) Hr. formand, kære kolleger, jeg vil gerne give udtryk for Europa-Parlamentets bekymring til trods for roen på valutamarkederne.
Analysis of the events in the wake of the last interest rate reduction by the Bundesbank shows that the Member States continue to wait for a signal from Frankfurt before adjusting their interest rates.
Denne bekymring kommer meget tydeligt frem i Cravinho-betænkningen, der tydeligt viser, at der ikke findes en bred og lige vej til reform af det europæiske monetære system.
In their own interests, they resist the temptation to operate short-term economic policy based on cheap money, and you will agree that such a policy would prove disastrous in the medium term.
Det er imidlertid nødvendigt at undersøge, hvad der ligger bag instrumenter og mål, da det europæiske monetære system blev udtænkt på et tidspunkt, hvor der herskede andre forhold end nu.
On the other hand the currencies that stayed in the exchange rate mechanism are not aligning themselves against the old exchange rate bands, which of course remain valid.
Vi må altså overveje de statslige instrumenters styringsevne under disse omstændigheder.
In reality they should not have had to follow the most recent German interest rate reduction.
Vi befinder os i en tid, hvori globaliseringen af kapital bevægelserne, i mange tilfælde, overlader det til de private markeder at fastsætte renten og således at træffe beslutningerne om investering i fællesskabslandene.
Thirdly, the strengthening of the role of the ECU as the future single European currency, which implies guaranteeing its stability and the gradual fulfilment of its role as the real anchor currency of the European Monetary System.
I betænkningen tales der allerede om en forkert placering af opsparinger, hvilket rejser spørgsmålet: Hvilken arbejdsgiver vil investere i sin virksomhed eller etablere nye virksomheder, når han har et alternativ, der hedder spekulation, køb og salg af valuta, der gør det muligt for ham at opnå nogle ganske ekstraordinære fortjenester?
Fourthly, the adoption of measures which will allow it review to be made shortly of the Council's decision to extend the fluctuation bands of the different currencies, which cannot become indefinite, given the dungers of exchange rute manipulation which thai entails.
Således begrundes faldet i investeringsvariablen i reelle tal i næsten alle lande og også vanskeligheden i at skabe beskæftigelse.
A glunce at the exchange rates shows that the situution we have reached is the one proposed but for politicul reasons rejected lust autumn: a revaluation of the German mark and the Dutch florin.
Men spørgsmålet om, hvorvidt vi kan vende tilbage til disse udsvingsmargener og på hvilke vilkår, afhænger frem for alt af, om der sker en konjunkturforbedring - jeg håber, hr. Christophersen, at De kan gengive os modet i så henseende - og om det vil være muligt, at de nationale valutamyndigheder vinder i troværdighed.
Fifthly, the taking of decisions which, whilst not calling into question the practical experience acquired in the sphere of the free circulation of capital and the European Monetary System itself, put a stop lo unrestrained speculative activity, by protecting monetary and exchunge rate stability.
For det tredje en styrkelse af ecuens rolle som den fremtidige eneste europæiske mønt; dette indebærer møntens stabilitet og på sigt dens rolle som et virkeligt anker i Det Europæiske Monetære System.
Finally, Mr President, in short, a message and a very clear commitment in the sense that emphasizing the concerns of the European economies about genuine convergence, and simple concern about nominal convergence, serious ly risks being an objective which is truly lacking in content and credibility.
Men det modsatte er også rigtigt: De valutaer, der er forblevet inden for vekselkursmekanismen, retter sig ikke efter de gamle ledekurser, som stadig er gyldige.
CAUDRON (PSE). - (FR) Mr President, ladies and gentlemen, almost all of us were agreed at the time that the EMS would play a valuable role in the construction of Europe.
De skulle egentlig slet ikke have fulgt Bundesbanks sidste rentesænkning. sænkning.
Its creation was then a great stride forward for Europe.
For det femte en beslutningstagen med henblik på at beskytte den monetære og valutariske stabilitet og gøre en ende på den ukontrollerede spekulation, uden at forstyrre det, vi har opnået inden for kapitalens frie bevægelighed og det Europæiske Monetære System.
There are still very many of us who think that, over the past ten years or so, globalization of financial and capital markets has undermined the system, making it increasingly incapable of coping with a crisis.
Skulle man derfor igen gå over til snævre udsvingsmargener, anser jeg det for ret usandsynligt, at man blot kan fastholde de eksisterende ledekurser.
We all realized that the events of July added up to a particularly serious crisis for Europe and its future.
Det forudsætter nemlig en betragtelig opskrivning af visse valutaer.
We really did not need that after the difficulties over Maastricht.
Man må erkende, at de nuværende markedskurser tilsyneladende er i ligevægt, og at et vekselkurskorset, der ikke tager hensyn til dem, vil sprænges.
And today there are many of us, in all parts of the Chamber, who take a rather negative view of the solutions announced on 2 August, and in particular who find that the balance they achieved or sought to achieve is too unstable.
GERAGHTY (NI). - (EN) Hr. formand Jeg mener, at det ikke er godt nok at fortsætte mod den økonomiske og monetære union, som om intet er sket med Maastricht formlen for konvergens, samarbejde og en enkelt valuta, når erfaringen med det europæiske monetære system har bevist, at vi ikke har den politiske vilje, vi ikke har de økonomiske og monetære instrumenter eller reguleringsmekanismer, EF-budgettet, eller bankreserverne, eller frem for alt regeringskapaciteter til at opfylde vore forventninger til et fælles valutasystem.
GERAGHTY (NI). - Mr President, I believe it is not good enough to proceed with the progress towards economic and monetary union as though nothing has happened to the Maastricht formula for convergence, cooperation and then a single currency, when the experience of the European monetary system has proved that we do not have the political will, we do not have the economic and monetary instruments or the regulatory mechanisms, the EEC budget, or the bank reserves, or above all the capacity of governments to fulfil our expectations of a single monetary system.
Der nu er over vældende bevis for, at man ikke kan have faste valutakurser, helt fri kapitalbevægelse og så uafhængige nationale valutapolitikker.
The evidence is now overwhelming that you cannot have fixed exchange rates, totally free capital movements and then independent national monetary policies.
Jeg mener heller ikke, at det at flytte de uafhængige valutapolitikker til EF-niveau gør noget ved det grundlæggende problem.
Nor do I believe that shifting those independent monetary policies to an EC level addresses the fundamental problem.
EMS-krisen har vist, at national politik og især national pengepolitiks politiske, økonomiske og også monetære troværdighed og vilje til at forsvare de faste vekselkurser er en uomgængelig forudsætning for snævre udsvingsmargener. For at nå denne pengepolitik er en harmonisering af EF's pengepolitik allerede nødvendig i anden fase.
Faced with all this, our colleague Mr Cravinho has made a remarkable job of a difficult task, against the back ground of a tricky political context in each of the political groups.
Derfor opfordrer jeg både Kommissionen, Rådet og det nye Europæiske Monetære Institut til - under forud sætning af at de nationale centralbanker også er uafhængige - at gøre alt for at forberede dette, for at harmonisere statistikkerne, så vi kan udvikle pengepolitisk fornuftige koncepter og på dette sikrede datagrundlag prøve på ikke blot at udvikle et pengepolitisk koncept til den tredje fase, men delvis allerede at anvende det. Jeg vil mene, at det også skulle være muligt for pengepolitiske instrumenter, hvis man enes om en pengemængdedefinition og om pengepolitiske mål.
But we also want to stress the vulnerability of this summer's solutions, which more or less amount to a return to floating exchange rates, which are incompatible with the single market.
Man kan da ikke undgå at anerkende nu, at nøgleproblemet er den fuldstændige liberalisering af kapitalbevægelser på verdensbasis, for det har skabt et fuldstændig tøjlesløst udbrud af spekulation, hedging og opportunisme på kapitalmarkederne, som er en formel for permanent usikkerhed og skadelig for ethvert håb om ægte opsving i realøkonomien.
Surely you cannot now avoid recognizing that the core problem is the total liberalization of capital movements on a global scale, for this has created a totally unregulated spate of speculation, hedging and opportunism in the capital markets which is a formula for permanent instability and damaging to any prospect of real recovery in the real economy.
Det garanterer uorden og social og miljømæssig ødelæggelse, som skal tackles før eller siden.
It guarantees disorder and social and environmental destruction which ultimately will have to be tackled.
På denne måde mener jeg, at vi kan opnå en stabilitetsorienteret penge politik, som bidrager til vækst og beskæftigelse inden for EF.
When we were in government in France, we felt the weight of international financial capitalism and the damage done by giving ground without getting anything in return and without a favourable balance of political power.
Det er i direkte modstrid med alle vore fine ambitioner om at løse problemerne med arbejdsløshed, regional ulighed, recession, fattigdom, social udelukkelse og vore miljømæssige og økologiske bekymringer.
It runs directly counter to all our fine aspirations about solving problems of unemployment, regional disparity, recession, poverty, social exclusion and our environmental and ecological concerns.
Dog er nogle eksperter tilsyneladende fastlåst i det synspunkt, at kapitalmarkedets dominans faktisk er en god ting.
Yet some experts appear to cling doggedly to the view that capital market dominance is somehow a good thing.
Det kan ikke ignoreres, at kapital ikke længere er et betalingsmiddel.
It cannot be ignored that capital is no longer a medium of exchange.
Den er nu en vare i sig selv.
It is now a commodity itself.
Den skaber mere kapital uden reference til en økonomi som sådan.
It is making more capital without reference to the real economy.
Den er ikke længere blot et betalingsmiddel, og den skal forstås i en ny sammenhæng. Høje rentesatser gør de fattige fattige re.
It is no longer just a medium of exchange and it must be understood in a new context.
Debitorlandene, individuelle lånere, selskaber og servicevirksomheder er fattigere på grund af kapitalejerne.
The debtor countries, individual borrowers, enterprises and the providers of services are poorer at the expense of the owners of capital.
Det ødelægger iværksætterlysten.
It is destroying enterprise.
For det første en bekræftelse af traktatens målsætninger, navnlig inden for gennemførelsen af Den Økonomiske og Monetære Union inden århundredets udgang.
This summer's crisis did not show that there was too much Europe but rather that we have not got Europe right and above all that we cannot stand still, because that would in fact mean going backwards.
Faktisk konkurrerer alle arbejdere nu med en investeringsmargin på indtjening, som kan afgøres af valutaspekulanter overalt i verden, i et sådant omfang at man kan få en bedre indtjening uden at arbejde eller bidrage til
In effect, every worker is now in competition with an investment margin of profit which can be determined by currency speculators anywhere in the globe to the extent that they can make a better return without having to work or deliver any real service in the real economy.
Fordet andet den omgående oprettelse af Det Europæiske Monetære Institut og forbedringen af indholdet i anden fase af Den Økonomiske og Monetære Union, så man kan
First, if Mr Cravinho's proposal or any proposal for a review is to succeed, this presupposes that the European Monetary Institute will prove to be the foundation of the
undersøges grundigt af Kommissionens tjenestegrene.
PIERRÔS exchange rate mechanism, a real help in this entire effort.
Måske - men det er jeg ikke helt sikker på - vil det styrke Det Europæiske Monetære System og hindre yderligere underminerende angreb fra spekulanter.
The new institutional body must not dwindle to a mere cosmetic or accounting mechanism, but must extend the use of the ECU and ensure, both in substance and organizationally, the necessary monetary functioning of the Twelve Member States.
Ud over de rent tekniske detaljer i spørgsmålet ser jeg mig nødsaget til at fremsætte nogle bemærkninger af mere generel politisk og institutionel karakter.
Above all, however, it must be the antidote to any attempt to restrict our collective progress towards stage three of EMU to a de facto, arbitrary monetary union of the Schengen type lacking the essential institutional guarantees.
Man kan ikke leve med kapitalmarkedernes absolutte magt og alle de fine sociale og miljømæssige ambitioner, vi har.
Before 2 August, the EMS was a sort of precursor of monetary union: it obliged European countries to keep their currencies within narrow margins of fluctuation and encouraged convergence of their economic policies.
Som et minimum kræves der en genopretning of centralbankemes kollektive magt.
Now that we are operating with floating exchange rates, in common with virtually all currencies in the world, the crucial question is this: how do we get out of recession and bring about economic recovery while at the same time trying to sustain monetary solidarity among the Twelve?
Men kan ikke bede nationale regeringer opgive nationale beføjelser uden beføjelser på europæiske niveau.
The economic and monetary interests of the EMS founder states are diverging.
Vi må tilbage til en form for Bretton Woods-aftale, hr. formand, og vi har behov for en politisk vilje til at takele de internationale kapitalmarkeder.
For some, high interest rates ward off inflation, whereas the aim of others is to cut interest rates in order to reflate their economies and end the recession.
For det første, at hvis hr. Cravinhos forslag eller ethvert andet revisionsforslag skal gennemføres med held, forud sætter det, at Det Europæiske Monetære Institut fungerer som grundpillen i en valutakursmekanisme, som en reel støtte under hele dette projekt.
Secondly, just as substantial a role in that context will have to be played by the European Monetary Institution in relation to overseeing the monetary and fiscal policy of the Member States, as is in any case provided by Article 109 F of the Treaty.
Den nye institution bør ikke indskrænkes til en rent kosmetisk eller regnskabsteknisk mekanisme. Den bør udbrede ecuens anvendelse og sikre og organisere de tolv medlemsstaters obligatoriske valutariske arbejde.
Under no circumstances must it fail to react to financial irresponsibility and monetary profiteering in any of the Member States.
CAUDRON (PSE). - (FR) Hr. formand, kære kolleger, vi var i sin tid næsten enige om at anerkende EMS's betydning for den europæiske opbygning. Oprettelsen deraf var derfor et stort fremskridt for EF.
Nevertheless, as we all know, it is difficult to think seriously in terms of economic and monetary union without sticking to economic convergence and without narrow margins of fluctuation between European curren cies.
Vi opfattede alle begivenhederne i juli i år som en for EF og dettes fremtid meget alvorlig krise.
So we have to reinvent a European monetary system with narrow margins of fluctuation in order to meet the criteria for the third stage.
Det kunne vi godt have undværet oven på vanskelighederne med Maastricht-Traktaten.
But can the mistakes of the past be avoided? What should be done?
Og i dag er vi mange her i salen, der nærmest vurderer løsningerne af 2. august som negative og især mener, at den opnåede balance er alt for ustabil.
A number of courses of action have been mentioned: stipulation of a deposit for each non-commercial transaction, a rule found on all major financial markets.
Den må under ingen omstændigheder forholde sig passiv over for finansiel uansvarlighed og monetær i en hvilken som helst medlemsstat.
Such deposits would not be interest-bearing and this would be a blow to speculation, putting just the right amount of sand into a machine that is too well oiled.