natgillin/translations-raw huggingface dataset:
Ôo EUROSTAT èåùñåß üôé ôá åí ëüãù óôïé ÷ åßá åßíáé óýìöùíá ìå ôïõò êáíüíåò ðïõ ðåñéÝ ÷ åé ôï Åõñùðáúêü Óýóôçìá ÏëïêëçñùìÝíùí Ïéêïíïìéêþí Ëïãáñéáóìþí ( ÅÓÏË , â ´ Ýêäïóç ) , ÷ ùñßò üìùò áõôü íá ðñïäéêÜæåé áí ç äçìïóéïíïìéêÞ êáôÜóôáóç ðñÝðåé íá èåùñçèåß äéáôçñÞóéìç Þ ü ÷ é .
These data were judged by EUROSTAT to be in accordance with the rules laid down in the European System of Integrated Economic Accounts ( ESA , second edition ) . However , this does not prejudge the assessment of whether fiscal positions are to be regarded as sustainable .
ËáìâÜíïíôáé åðßóçò õðüøç ïé ðéï ðñüóöáôåò ðñïâëÝøåéò ôçò ÅõñùðáúêÞò ÅðéôñïðÞò ãéá ôï 1998 , óå óõíäõáóìü ìå ôïõò åèíéêïýò ðñïûðïëïãéóìïýò ãéá ôï 1998 êáé ôá ôåëåõôáßá ÐñïãñÜììáôá Óýãêëéóçò , êáèþò êáé Üëëåò ðëçñïöïñßåò ðïõ èåùñïýíôáé ÷ ñÞóéìåò ãéá ôçí åîÝôáóç ôùí ðñïïðôéêþí üóïí áöïñÜ ôç äéáôçñçóéìüôçôá ôçò óýãêëéóçò .
Account is also taken of the latest Commission projections for 1998 , together with national budgets for 1998 and the most recent Convergence Programmes , as well as other information which is considered to be relevant in the context of forward-looking considerations concerning the sustainability of convergence .
1.2 Ç êáôÜóôáóç ôçò óýãêëéóçò Áðü ôç äçìïóßåõóç ôçò Ýêèåóçò ôïõ ÅÍÉ ìå ôßôëï  Ðñüïäïò ðñïò ôç óýãêëéóç 1996  ôï ÍïÝìâñéï 1996 ìÝ ÷ ñé óÞìåñá , Ýãéíáí óçìáíôéêÜ âÞìáôá üóïí áöïñÜ ôç óýãêëéóç óôçí ¸ íùóç .
1996 bilateral exchange rate levels , although to differing degrees .
Óôï äéÜóôçìá áðü ôï ôåëåõôáßï ôñßìçíï ôïõ 1996 ìÝ ÷ ñé ôïí ÉáíïõÜñéï 1997 , ï ìÝóïò ñõèìüò ðëçèùñéóìïý âÜóåé ôïõ ÅíÄÊÔ óôçí ¸ íùóç õðï ÷ þñçóå áðü 2,2% óå 1,3% .
In addition , in 1997 significant reductions have been achieved in fiscal deficits across the Union , and in a few countries budgetary positions were in surplus .
¼ ëá ôá ÊñÜôç-ÌÝëç , åêôüò áðü ôçí ÅëëÜäá , óçìåßùóáí ðëçèùñéóìü ( âÜóåé ôïõ ÅíÄÔÊ ) ðåñßðïõ 2 % Þ ëéãüôåñï ôïí ÉáíïõÜñéï 1998 , åíþ ç ôõðéêÞ áðüêëéóç , ðïõ ÷ ñçóéìïðïéåßôáé ãéá íá ìåôñçèåß ç óýãêëéóç , ìåéþèçêå áðü 1,6% ôï ôåëåõôáßï ôñßìçíï ôïõ 1996 óå 0,9% ôïí ÉáíïõÜñéï 1998 .
The EU-wide fiscal deficit ratio has fallen to 2.4% of GDP , which represents a decline of 1.8 percentage points compared with 1996 .
ÐáñÜëëçëá , ôá ìáêñïðñüèåóìá åðéôüêéá áðïêëéìáêþèçêáí óå üëç ôçí ¸ íùóç êáé äéáìïñöþèçêáí óå ÷ áìçëÜ åðßðåäá , ãýñù óôï 5,5% ( ìÝóïò üñïò óõíüëïõ ÷ ùñþí ) óôï ôÝëïò ôçò ðåñéüäïõ áíáöïñÜò , åíþ ïé äéáöïñÝò ôùí áðïäüóåùí ïìïëüãùí ìåôáîý ôùí ðåñéóóüôåñùí ÷ ùñþí ó ÷ åäüí åêìçäåíßóôçêáí .
Furthermore , for the first time during the 1990s , the debt-to-GDP ratio for the EU as a whole declined in 1997 . Overall conditions necessary to maintain an environment conducive to non-inflationary growth have thus improved .
ÊáôÜ ôç äéåôÞ ðåñßïäï áíáöïñÜò ìÝ ÷ ñé ôï ÖåâñïõÜñéï 1998 , ïé äéìåñåßò óõíáëëáãìáôéêÝò éóïôéìßåò ôïõ ÌÓÉ ðáñÝìåéíáí ðåñßðïõ óôáèåñÝò .
However , the average debt ratio still stands at 72.1% of GDP and is much higher in three Member States .
Ôá íïìßóìáôá åêôüò ôïõ ÌÓÉ äéáêõìÜíèçêáí , Üëëá ðåñéóóüôåñï êáé Üëëá ëéãüôåñï , óå åðßðåäá õøçëüôåñá áðü ôá ìÝóá åðßðåäá ôùí äéìåñþí éóïôéìéþí ôïõ Ìáñôßïõ 1996 .
In addition , the decline in deficit ratios below the reference value and the fall in debt ratios in many countries have only recently been realised .
ÅðéðëÝïí , ôï 1997 åðéôåý ÷ èçêå óçìáíôéêÞ ìåßùóç ôùí äçìïóéïíïìéêþí åëëåéììÜôùí óå üëç ôçí ¸ íùóç êáé ëßãåò ÷ þñåò åìöÜíéóáí ðëåüíáóìá .
Furthermore , the recent reductions in deficit and debt ratios have partly been related to one-off measures .
Ï ëüãïò äçìïóéïíïìéêïý åëëåßììáôïò / ÁÅÐ ãéá ïëüêëçñç ôçí ¸ íùóç ðåñéïñßóôçêå óå 1 Óôéò 14 Ìáñôßïõ 1998 , äçë .
Within the context of a single monetary policy , the adjustments seen over the recent past need to be carried substantively further .
ìåôÜ ôï äéÜóôçìá ðïõ ëáìâÜíåôáé ùò ðåñßïäïò áíáöïñÜò óôçí ðáñïýóá ¸ êèåóç , ïé ðñïçãïýìåíåò äéìåñåßò êåíôñéêÝò éóïôéìßåò ôçò ëßñáò Éñëáíäßáò Ýíáíôé ôùí ëïéðþí íïìéóìÜôùí ôïõ ìç ÷ áíéóìïý óõíáëëáãìáôéêþí éóïôéìéþí áíáôéìÞèçêáí êáôÜ 3 %. ÊáôÜ ôçí ßäéá çìåñïìçíßá , ç ÅëëÜäá åíôÜ ÷ èçêå óôï ìç ÷ áíéóìü óõíáëëáãìáôéêþí éóïôéìéþí ôïõ ÅÍÓ .
Indeed , decisive and sustained corrective policies of a structural nature are warranted in most countries . These requirements for lasting policy adjustment result from the combined burden arising from ( i ) high and persistent unemployment , which according to the analysis conducted by the EMI and other international organisations is largely of a structural nature ;
Çìåñïìçíßá Ýíáñîçò éó ÷ ýïò êáé óôéò äýï ðåñéðôþóåéò ïñßóôçêå ç 16ç Ìáñôßïõ . 2,4% , óçìåéþíïíôáò ìåßùóç êáôÜ 1,8 åêáôïóôéáßåò ìïíÜäåò óå óýãêñéóç ìå ôï 1996 .
( ii ) demographic trends , which are expected to place a heavy burden on future public expenditure ;
ÅîÜëëïõ ôï 1997 , ãéá ðñþôç öïñÜ óôç äåêáåôßá ôïõ 1990 , ìåéþèçêå ï ëüãïò ÷ ñÝïõò / ÁÅÐ ãéá ôï óýíïëï ôçò ¸ íùóçò .
and ( iii ) the high level of public debt , which will weigh on current budgets of many Member States until debt levels are reduced .
Ùóôüóï , ï ìÝóïò ëüãïò ôïõ ÷ ñÝïõò åîáêïëïõèåß íá âñßóêåôáé óå åðßðåäï 72,1% ôïõ ÁÅÐ , åíþ óå ïñéóìÝíá ÊñÜôç-ÌÝëç åßíáé ðïëý õøçëüôåñïò . ÅðéðëÝïí , ðïëëÝò ÷ þñåò ðñüóöáôá ìüíï ìðüñåóáí íá ìåéþóïõí ôï ëüãï ôïõ åëëåßììáôïò óå åðßðåäï êÜôù áðü ôçí ôéìÞ áíáöïñÜò êáé íá ðåñéïñßóïõí ôï ëüãï ôïõ ÷ ñÝïõò ôïõò .
Between the last quarter of 1996 and January 1998 the EU average rate of HICP inflation has fallen from 2.2% to 1.3% ; all Member States with the exception of Greece recorded rates of HICP inflation of around 2 % or less in January 1998 , and the standard deviation , as a measure of convergence , has decreased from 1.6% in the last quarter of 1996 to 0.9% in January 1998 .
Ìå áõôÜ ôá äåäïìÝíá , ôïíßæåôáé üôé óôá ðåñéóóüôåñá ÊñÜôç-ÌÝëç áðáéôåßôáé ðåñáéôÝñù åîõãßáíóç , ðñïêåéìÝíïõ íá ìåéùèåß ôï ÷ ñÝïò ôïõ åõñýôåñïõ êõâåñíçôéêïý ôïìÝá ùò ðïóïóôü ôïõ ÁÅÐ êáé íá öèÜóåé ôï 60 % óå åýëïãï ÷ ñïíéêü äéÜóôçìá .
Against this background , it is emphasised that further consolidation is required in most Member States in order to reduce high ratios of general government debt relative to GDP and bring them down to 60 % within an appropriate period of time .
Áðáéôåßôáé åðßóçò ðñüïäïò êáé óôï ðëáßóéï ôïõ Óõìöþíïõ Óôáèåñüôçôáò êáé ÁíÜðôõîçò ðïõ èá ôåèåß óå éó ÷ ý áðü ôï 1999 .
Progress is also required with respect to the Stability and Growth Pact effective from 1999 onwards .
Ôñßôïí , åßíáé 5 áíÜãêç íá ðåñéïñéóôïýí ïé äçìïóéïíïìéêÝò áíéóïññïðßåò þóôå ç äçìïóéïíïìéêÞ ðïëéôéêÞ íá áíáêôÞóåé êÜðïéï âáèìü åõåëéîßáò ðïõ èá åðéôñÝðåé óôéò ÷ þñåò íá áíôåðåîÝñ ÷ ïíôáé óå äõóìåíåßò åîåëßîåéò êõêëéêÞò öýóåùò .
Third , reducing budgetary imbalances is necessary to reestablish a degree of flexibility for fiscal policies which enables countries to respond to adverse cyclical developments , i.e. low fiscal deficits or surpluses are needed under normal circumstances to allow automatic
Ôï 1997 ïñéóìÝíá ÊñÜôçÌÝëç ÷ ñçóéìïðïßçóáí , óôïí Ýíáí Þ óôïí Üëëï âáèìü , ôÝôïéïõ åßäïõò ìÝôñá êáé ãéá ôï ëüãï áõôü åßíáé äýóêïëï íá áîéïëïãçèåß êáôÜ ðüóïí ç äçìïóéïíïìéêÞ ðïëéôéêÞ Ý ÷ åé äéáñèñùôéêü ðñïóáíáôïëéóìü .
They need to be replaced by durable measures in order to avoid an increase in net borrowing requirements in 1998 , or in subsequent years if they have given rise to future expenditure obligations or future shortfalls in revenues .
Ôá ðáñáðÜíù ìÝôñá ðñÝðåé íá áíôéêáôáóôáèïýí áðü Üëëá ìïíéìüôåñá , þóôå íá áðïöåõ ÷ èåß ç äéüãêùóç ôùí êáèáñþí äáíåéáêþí áíáãêþí ôï 1998 , Þ óôá åðüìåíá Ýôç áí ôá ìÝôñá óõíåðÜãïíôáé ìåëëïíôéêÞ áýîçóç ôùí äáðáíþí Þ õóôÝñçóç ôùí åóüäùí . Ôá ìÝ ÷ ñé óôéãìÞò äéáèÝóéìá óôïé ÷ åßá õðïäçëþíïõí üôé ïé ðïëéôéêÝò êéíïýíôáé ðñïò ôç óùóôÞ êáôåýèõíóç êáé ãåíéêÜ ðåñéïñßæïõí ôéò åðéäñÜóåéò ôùí ðñïóùñéíþí ìÝôñùí óôá äçìüóéá ïéêïíïìéêÜ ôï 1998 , Ýôïò êáôÜ ôï ïðïßï áíáìÝíåôáé üôé ó ÷ åäüí üëåò ïé ÷ þñåò èá Ý ÷ ïõí êáëýôåñåò åðéäüóåéò óå óýãêñéóç ìå ôï 1997 , ïñéóìÝíá ÊñÜôç-ÌÝëç ìÜëéóôá åõíïúêüôåñåò áðü ü , ôé ðñïâëÝðïõí ôá áíôßóôïé ÷ á ìåóïðñüèåóìá ÐñïãñÜììáôá Óýãêëéóçò .
Evidence available so far suggests that policies have been moving in the right direction , generally reducing the impact of temporary measures on public finances in 1998 , a year for which budget outcomes are expected to be better than those recorded in 1997 in nearly all countries , and in a number of Member States more favourable than planned in medium-term Convergence Programmes . Consistent with the aim of fostering sustainable economic growth , fiscal consolidation in recent years does appear to have been increasingly based on bringing down expenditure ratios , thereby counteracting the upward trend which had been observed in the early 1990s .
Óôá ðëáßóéá ôçò ðñïóðÜèåéáò íá äïèåß þèçóç óôç äéáôçñÞóéìç ïéêïíïìéêÞ áíÜðôõîç , ç äçìïóéïíïìéêÞ åîõãßáíóç ôá ðñüóöáôá Ýôç öáßíåôáé ðñÜãìáôé íá âáóßæåôáé ïëïÝíá êáé ðåñéóóüôåñï óôç óõãêñÜôçóç ôùí äáðáíþí ùò ðïóïóôïý ôïõ ÁÅÐ êáé íá åîïõäåôåñþíåé Ýôóé ôçí áíïäéêÞ ôïõò ôÜóç ðïõ ðáñáôçñÞèçêå óôéò áñ ÷ Ýò ôçò äåêáåôßáò ôïõ 1990 .
However , as a result of falling interest rates , many countries have also benefited from lower interest payments relative to GDP and consolidation was focused in part on reducing investment expenditure . In the future , more emphasis needs to be placed on lowering current expenditure items .
Ôï êñéôÞñéï ôçò óôáèåñüôçôáò ôùí ôéìþí Ìå âÜóç ôéò åðéäüóåéò ôùí åðéìÝñïõò ÷ ùñþí êáôÜ ôï äùäåêÜìçíï ìÝ ÷ ñé êáé ôïí ÉáíïõÜñéï 1998 , äåêáôÝóóåñá ÊñÜôç-ÌÝëç ( ÂÝëãéï , Äáíßá , Ãåñìáíßá , Éóðáíßá , Ãáëëßá , Éñëáíäßá , Éôáëßá , Ëïõîåìâïýñãï , Ïëëáíäßá , Áõóôñßá , Ðïñôïãáëßá , Öéëáíäßá , Óïõçäßá êáé ÇíùìÝíï Âáóßëåéï ) åß ÷ áí ìÝóï ñõèìü ðëçèùñéóìïý ( ÅíÄÔÊ ) ÷ áìçëüôåñï áðü ôçí ôéìÞ áíáöïñÜò .
France , Ireland , Italy , Luxembourg , the Netherlands , Austria , Portugal , Finland , Sweden and the United Kingdom ) had average HICP inflation rates of below the reference value .
Ç ôéìÞ áíáöïñÜò õðïëïãßóôçêå ìå âÜóç ôï ( ìç óôáèìéêü ) áñéèìçôéêü ìÝóï üñï ôùí ñõèìþí ðëçèùñéóìïý ( ÅíÄÔÊ ) ôùí ôñéþí ÷ ùñþí ìå ôï ÷ áìçëüôåñï ðëçèùñéóìü , óõí 1,5 åêáôïóôéáßá ìïíÜäá .
This reference value was calculated by using the unweighted arithmetic average of the rate of HICP inflation in the three countries with the lowest inflation rates , plus 1.5 percentage points .
Ïé ñõèìïß áõôïß Þôáí : 1,1% ãéá ôçí Áõóôñßá , 1,2% ãéá ôç Ãáëëßá êáé 1,2% ãéá ôçí Éñëáíäßá , ôùí ïðïßùí ï ìÝóïò üñïò åßíáé 1,2% . ÐñïóèÝôïíôáò ó  áõôüí 1,5 åêáôïóôéáßá ìïíÜäá , êáôáëÞãïõìå óå ôéìÞ áíáöïñÜò 2,7% .
These three countries inflation rates were 1.1% for Austria , 1.2% for France and 1.2% for Ireland , and , adding 1.5 percentage points to the average of 1.2% , the reference value is 2.7% .
Ï ðëçèùñéóìüò ( ÅíÄÔÊ ) óôçí ÅëëÜäá Þôáí 5,2% ( óçìáíôéêÜ ÷ áìçëüôåñïò áðü ü , ôé ôá ðñïçãïýìåíá Ýôç , áëëÜ áêüìç áñêåôÜ Üíù ôçò ôéìÞò áíáöïñÜò ( âë . Ðßíáêá Á êáé ÄéÜãñáììá Á ) .
HICP inflation in Greece was 5.2% , considerably lower than in previous years , but still well above the reference value ( see Table A and Chart A ) .
¼ óïí áöïñÜ ôéò åîåëßîåéò óôï äéÜóôçìá 1990-1997 , ç óýãêëéóç ôùí ñõèìþí ðëçèùñéóìïý ìðïñåß íá áðïäïèåß óå ðïéêßëïõò ðáñÜãïíôåò .
Looking back over the period from 1990 to 1997 , the convergence of inflation rates can be explained by a variety of common factors .
Káô  áñ ÷ Üò , üðùò óçìåéþíåôáé êáé óôçí åîÝôáóç ôùí åðéìÝñïõò Êñáôþí-Ìåëþí , áíôáíáêëÜ ìéá óåéñÜ áðü óçìáíôéêÝò åðéëïãÝò ðïëéôéêÞò , êáé êõñßùò ôçí Üóêçóç íïìéóìáôéêÞò ðïëéôéêÞò ðñïóáíáôïëéóìÝíçò óôç óôáèåñüôçôá ôùí ôéìþí , áëëÜ êáé ôçí ïëïÝíá ìåãáëýôåñç áñùãÞ ðïõ ðáñÝ ÷ ïõí Üëëá óêÝëç ôçò ïéêïíïìéêÞò ðïëéôéêÞò , üðùò ç äçìïóéïíïìéêÞ ðïëéôéêÞ êáé ç åîÝëéîç ôùí áìïéâþí êáé ôïõ êüóôïõò åñãáóßáò .
In the first place , as is indicated for each individual Member State , it reflects a number of important policy choices , most notably the orientation of monetary policy towards price stability and the increasing support received from other policy areas , such as fiscal policies and the development of wages and unit labour costs .
Åðßóçò , óôá ðåñéóóüôåñá ÊñÜôç-ÌÝëç ôï ìáêñïïéêïíïìéêü ðåñéâÜëëïí , éäßùò óôï äéÜóôçìá ìåôÜ ôçí êõêëéêÞ ýöåóç ôïõ 1993 , óõíÝâáëå óôçí åîáóèÝíçóç ôùí áíïäéêþí ðéÝóåùí óôéò ôéìÝò .
In addition , in most Member States the macroeconomic environment , in particular during the period following the cyclical downturn of 1993 , has contributed to the easing of upward pressure on prices .
Óå åðßðåäï åðéìÝñïõò ÷ ùñþí , üðùò öáßíåôáé óå ìéá ïìÜäá Êñáôþí-Ìåëþí óçìåéþèçêáí ðáñüìïéïé ñõèìïß ðëçèùñéóìïý óôï ìåãáëýôåñï ìÝñïò ôçò äåêáåôßáò ôïõ 1990 , åíþ êÜðïéåò Üëëåò ÷ þñåò óçìåßùóáí éäéáßôåñá ôá ÷ åßá ðñüïäï ôï 1996-97 .
At the level of individual countries , it is apparent that a group of Member States recorded relatively similar inflation rates for most of the 1990s , while several others made particularly rapid progress in 1996-97 .
Óôç äåýôåñç áõôÞ êáôçãïñßá õðÜãïíôáé ç Éóðáíßá , ç Éôáëßá êáé ç Ðïñôïãáëßá , üðïõ ï ðëçèùñéóìüò ìåéþèçêå áðü 4-5 , 5 % ôï 1995 óå 2 % ðåñßðïõ ôï 1997 .
Among the latter , annual CPI inflation in Spain , Italy and Portugal fell from 4-5‰ % in 1995 to around 2 % in 1997 .
Áðü ôá ìÝóá ôïõ 1997 , ôá åí ëüãù ÊñÜôç-ÌÝëç Ý ÷ ïõí ìÝóï äùäåêÜìçíï ñõèìü ðëçèùñéóìïý ( ÅíÄÔÊ ) ÷ áìçëüôåñï áðü ôçí ôéìÞ áíáöïñÜò .
These three Member States have had twelve-month average HICP inflation rates of below the reference value since mid-1997 .
Óôçí ÅëëÜäá , ï ðëçèùñéóìüò ( ÅíÄÔÊ ) õðï ÷ þñçóå áðü 7,9% ôï 1996 óå 5,4% ôï 1997 , åîáêïëïõèåß üìùò íá õðåñâáßíåé óçìáíôéêÜ ôçí ôéìÞ áíáöïñÜò ( âë .
In Greece , HICP inflation fell from 7.9% in 1996 to 5.4% in 1997 , while remaining considerably above the reference value ( see Chart A ) .
ïñéóìÝíåò ÷ þñåò , ùò åðß ôï ðëåßóôïí åêåßíåò ðïõ ðñïçãïýíôáé óôç óçìåñéíÞ êõêëéêÞ áíÜêáìøç , ðñïâëÝðåôáé üôé ï ðëçèùñéóìüò ãåíéêÜ èá åðéôá ÷ õíèåß óå åðßðåäï êÜðùò õøçëüôåñï ôïõ 2 % ôï 1998-99 .
in several countries , for the most part those which are further ahead in the current cyclical upturn , the rate of inflation is generally forecast to rise to somewhat above 2 % during the period 1998-99 .
Ôï êñéôÞñéï ôùí äçìüóéùí ïéêïíïìéêþí ¼ óïí áöïñÜ ôéò åðéäüóåéò ôùí åðéìÝñïõò Êñáôþí-Ìåëþí ôï 1997 , ôñåéò ÷ þñåò óçìåßùóáí äçìïóéïíïìéêü ðëåüíáóìá ( ç Äáíßá , ç Éñëáíäßá êáé ôï Ëïõîåìâïýñãï ) êáé Ýíôåêá ÊñÜôç-ÌÝëç ( ôï ÂÝëãéï , ç Ãåñìáíßá , ç Éóðáíßá , ç Ãáëëßá , ç Éôáëßá , ç Ïëëáíäßá , ç Áõóôñßá , ç Ðïñôïãáëßá , ç Öéëáíäßá , ç Óïõçäßá êáé ôï ÇíùìÝíï Âáóßëåéï ) óçìåßùóáí Þ äéáôÞñçóáí Ýëëåéììá ÷ áìçëüôåñï áðü ôçí ôéìÞ áíáöïñÜò 3 % ðïõ ïñßæåé ç ÓõíèÞêç .
The criterion on the government budgetary position With regard to the performance of individual Member States in 1997 , three countries have recorded fiscal surpluses ( Denmark , Ireland and Luxembourg ) and eleven Member States have achieved or maintained deficits at or below the 3 % reference value specified in the Treaty ( Belgium , Germany , Spain , France , Italy , the Netherlands , Austria , Portugal , Finland , Sweden and the United Kingdom ) .
Ìüíï ç ÅëëÜäá ðáñïõóßáóå Ýëëåéììá 4 %, ôï ïðïßï õðåñâáßíåé áêüìç ôçí ôéìÞ áíáöïñÜò .
Only Greece recorded a deficit of 4.0% , which is still above the reference value .
Ôï 1998 , óýìöùíá ìå ôéò ðñïâëÝøåéò ôçò ÅõñùðáúêÞò ÅðéôñïðÞò , èá óçìåéùèåß ðëåüíáóìá Þ ìåßùóç ôïõ åëëåßììáôïò ùò ðïóïóôïý ôïõ ÁÅÐ óå üëá ó ÷ åäüí ôá ÊñÜôç-ÌÝëç .
For 1998 , fiscal surpluses or further reductions in deficit ratios are projected by the Commission for nearly all Member States .
Óôçí ÅëëÜäá ôï Ýëëåéììá áíáìÝíåôáé íá ìåéùèåß óå 2,2% ôïõ ÁÅÐ ( âë . Ðßíáêá Á êáé ÄéÜãñáììá Â ) .
The Greek deficit is expected to fall to 2.2% of GDP ( see Table A and Chart B ) .
¼ óïí áöïñÜ ôï äçìüóéï ÷ ñÝïò , óôá ôñßá ÊñÜôç-ÌÝëç üðïõ ï ëüãïò ôïõ ÷ ñÝïõò ðñïò ôï ÁÅÐ õðåñâáßíåé ôï 100 %, ôï ÷ ñÝïò óõíÝ ÷ éóå íá ìåéþíåôáé ùò ðïóïóôü ôïõ ÁÅÐ .
As regards government debt , in the three Member States with debt-to-GDP ratios of above 100 %, debt has continued to decline in relation to GDP .
Óôï ÂÝëãéï ï ëüãïò ôïõ ÷ ñÝïõò ôï 1997 Þôáí 122,2% , äçë . êáôÜ 13,0 7
In Belgium the debt ratio in 1997 was 122.2% , i.e. 13.0 percentage points lower than the peak in 1993 ;
åêáôïóôéáßåò ìïíÜäåò ÷ áìçëüôåñïò áðü ôï õøçëü åðßðåäï ôïõ 1993 . Óôçí ÅëëÜäá ï ëüãïò ôïõ ÷ ñÝïõò äéáìïñöþèçêå óå 108,7% ôï 1997 , äçë .
in Greece the debt ratio in 1997 stood at 108.7% , i.e. 2.9 6
2,9 åêáôïóôéáßåò ìïíÜäåò êÜôù áðü ôï ôåëåõôáßï õøçëü ôïõ åðßðåäï , ôï ïðïßï åß ÷ å óçìåéùèåß ôï 1996 .
percentage points below the latest peak in 1996 ;
Áõôü óõíÝâç êáô  åîï ÷ Þí óôç Äáíßá , ôçí Éñëáíäßá êáé ôçí Ïëëáíäßá , üðïõ ï ëüãïò ôïõ ÷ ñÝïõò ôï 1997 Þôáí 16,5 , 30,0 êáé 9,1 åêáôïóôéáßåò ìïíÜäåò , áíôßóôïé ÷ á , ÷ áìçëüôåñïò áðü ôá õøçëÜ åðßðåäá ôïõ 1996 êáé Ýöèáóå óå 65,1% , 66,3% êáé 72,1% ôïõ ÁÅÐ , áíôßóôïé ÷ á .
This was particularly the case in Denmark , Ireland and the Netherlands , where debt ratios in 1997 were 16.5 , 30.0 and 9.1 percentage points respectively below their peak levels of 1993 , and stood at 65.1% , 66.3% and 72.1% of GDP respectively ;
Óôç Ãåñìáíßá ï ëüãïò ôïõ ÷ ñÝïõò , ðïõ ôï 1996 ìüëéò õðåñÝâáéíå ôçí ôéìÞ áíáöïñÜò 60 %, óõíÝ ÷ éóå ôçí áíïäéêÞ ôïõ ðïñåßá êáé ôï 1997 Þôáí 19,8 åêáôïóôéáßåò ìïíÜäåò õøçëïôåñïò áðü ü , ôé ôï 1991 , öèÜíïíôáò óôï 61,3% ôïõ ÁÅÐ .
In Germany , which in 1996 had a debt ratio of just above the 60 % reference value , the debt ratio continued its upward trend and in 1997 was 19.8 percentage points higher than in 1991 , standing at 61.3% of GDP .
Óôç Ãáëëßá ï ëüãïò ôïõ ÷ ñÝïõò óõíÝ ÷ éóå ôçí áíïäéêÞ ôïõ ðïñåßá êáé Ýöèáóå óôï 58,0% ôïõ ÁÅÐ ôï 1997 ( âë . Ðßíáêá Á êáé ÄéÜãñáììá Â ) .
In France the debt ratio continued its upward trend to reach 58.0% of GDP in 1997 ( see Table A and Chart B ) .
Ãéá ôï 1998 ç ÅõñùðáúêÞ ÅðéôñïðÞ ðñïâëÝðåé üôé ï ëüãïò ôïõ ÷ ñÝïõò èá 8 óõíå ÷ ßóåé íá õðï ÷ ùñåß óå üëá ôá ÊñÜôçÌÝëç ðïõ ôï 1997 åß ÷ áí ëüãï ÷ ñÝïõò Üíù ôïõ 60 %.
For 1998 further reductions in debt-to-GDP ratios are projected by the Commission for all Member States which had debt ratios of above 60 % in 1997 .
Áðü ôéò ÷ þñåò ðïõ ôï 1997 åß ÷ áí ëüãï ÷ ñÝïõò 5060 % ôïõ ÁÅÐ , ç Öéëáíäßá êáé ôï ÇíùìÝíï Âáóßëåéï ðñïâëÝðåôáé íá ðåñéïñßóïõí ôï ëüãï ôïõ ÷ ñÝïõò óå åðßðåäï áêüìç ÷ áìçëüôåñï ôïõ 60 %, åíþ óôç Ãáëëßá áíáìÝíåôáé ïñéáêÞ áýîçóç .
As regards countries with debt ratios of 50-60 % of GDP in 1997 , Finland and the United Kingdom are anticipated to reduce their debt ratios further below 60 %, whereas in France the debt ratio is expected to increase marginally .
Óôéò ÷ þñåò ðïõ Ý ÷ ïõí ëüãï ÷ ñÝïõò / ÁÅÐ óçìáíôéêÜ õøçëüôåñï ôïõ 60 % áëëÜ êÜôù ôïõ 80 %, åÜí äéáôçñçèåß ï ëüãïò ôïõ åëëåßìáôïò óôá óçìåñéíÜ åðßðåäá äåí èá ìåéùèåß ï ëüãïò ôïõ ÷ ñÝïõò óå åðßðåäï êÜôù ôïõ 60 % ìÝóá óå åýëïãï ÷ ñïíéêü äéÜóôçìá , ðñÜãìá ðïõ óõíåðÜãåôáé üôé ÷ ñåéÜæåôáé íá ãßíåé ðåñáéôÝñù , óå ïñéóìÝíåò ðåñéðôþóåéò óçìáíôéêÞ , äçìïóéïíïìéêÞ åîõãßáíóç .
In countries with debt ratios of significantly above 60 % but below 80 % of GDP , keeping 7 the deficit ratio at current levels would not bring down the debt ratio to below 60 % within an appropriate period of time , which indicates the need for further , in some cases substantial , consolidation .
Óôç Ãåñìáíßá ï ëüãïò ôïõ ÷ ñÝïõò ðñïâëÝðåôáé íá åßíáé ìüëéò Üíù ôïõ 60 % ôïõ ÁÅÐ , ðñÜãìá ðïõ èá åðÝôñåðå ôç ìåßùóÞ ôïõ óå åðßðåäï ÷ áìçëüôåñï áðü ôçí ôéìÞ áíáöïñÜò Þäç áðü ôï 1999 áí ôï Ýôïò áõôü åðéôåõ ÷ èåß éóïóêÝëéóç ôïõ ðñïûðïëïãéóìïý .
In Germany the debt ratio is forecast to be just above 60 % of GDP in 1998 , which could allow it to be reduced to below the reference value as early as 1999 if a balanced budget were achieved in that year .
ÔÝëïò , óôç Ãáëëßá , üðïõ ï ëüãïò ôïõ ÷ ñÝïõò åßíáé ïñéáêÜ ÷ áìçëüôåñïò ôïõ 60 % ôïõ ÁÅÐ , åÜí õðÜñîåé óõììüñöùóç ìå ôï Óýìöùíï Óôáèåñüôçôáò êáé ÁíÜðôõîçò áðü ôï 1999 êáé åîÞò , ìðïñåß íá èåùñåßôáé âÝâáéï üôé ï ëüãïò ôïõ ÷ ñÝïõò äåí èá õðåñâåß ôçí ôéìÞ áíáöïñÜò .
Finally , in France , where the debt ratio is just below 60 % of GDP , complying with the Stability and Growth Pact from 1999 onwards would also ensure that the debt ratio does not exceed the reference value .
Ôï êñéôÞñéï ôçò óõíáëëáãìáôéêÞò éóïôéìßáò ÊáôÜ ôç äéåôÞ ðåñßïäï áíáöïñÜò áðü ôï ÌÜñôéï 1996 Ýùò ôï ÖåâñïõÜñéï 1998 , äÝêá íïìßóìáôá ( ôï öñÜãêï Âåëãßïõ / Ëïõîåìâïýñãïõ , ç êïñþíá Äáíßáò , ôï ãåñìáíéêü ìÜñêï , ç éóðáíéêÞ ðåóÝôá , ôï ãáëëéêü öñÜãêï , ç ëßñá Éñëáíäßáò , ôï öéïñßíé Ïëëáíäßáò , ôï óåëßíé Áõóôñßáò êáé ôï åóêïýäï Ðïñôïãáëßáò ) Ý ÷ ïõí óõììåôÜó ÷ åé óôï ÌÓÉ åðß äýï ôïõëÜ ÷ éóôïí Ýôç ðñéí áðü ôçí ðáñïýóá åîÝôáóç , üðùò ïñßæåé ç ÓõíèÞêç .
Three currencies remained outside the ERM during the reference period referred to in this Report , namely the Greek drachma2 , the Swedish krona and the pound sterling . Each of the ten ERM currencies mentioned above , with the exception of the Irish pound , has normally traded close to its unchanged central rates against other ERM currencies , and some currencies ( the Belgian / Luxembourg franc , the Deutsche Mark , the Dutch guilder and the Austrian schilling ) virtually moved as a bloc .
Ç äéÜñêåéá ôçò óõììåôï ÷ Þò ôïõ öéëáíäéêïý ìÜñêïõ êáé ôçò éôáëéêÞò ëßñáò Þôáí ìéêñüôåñç , êáèþò ôï ðñþôï íüìéóìá åíôÜ ÷ èçêå óôï ìç ÷ áíéóìü óõíáëëáãìáôéêþí éóïôéìéþí ôïí Ïêôþâñéï 1996 åíþ ôï äåýôåñï 9 åðáíåíôÜ ÷ èçêå ôï ÍïÝìâñéï 1996 .
On occasion , several currencies traded outside a range close to their central rates .
Ðñüêåéôáé ãéá ôç äñá ÷ ìÞ 2 , ôçí êïñþíá Óïõçäßáò êáé ôç ëßñá Áããëßáò . Ôá ðáñáðÜíù íïìßóìáôá ôïõ ÌÓÉ , ìå åîáßñåóç ôç ëßñá Éñëáíäßáò , êéíÞèçêáí êáôÜ êáíüíá êïíôÜ óôéò áìåôÜâëçôåò êåíôñéêÝò ôïõò éóïôéìßåò Ýíáíôé ôùí ëïéðþí íïìéóìÜôùí ôïõ ÌÓÉ , åíþ ïñéóìÝíá íïìßóìáôá ( ôï öñÜãêï Âåëãßïõ / Ëïõîåìâïýñãïõ , ôï ãåñìáíéêü ìÜñêï , ôï öéïñßíé Ïëëáíäßáò êáé ôï óåëßíé Áõóôñßáò ) áêïëïýèçóáí ðáñÜëëçëç ó ÷ åäüí ðïñåßá .
However , the maximum deviation , on the basis of 10 business day moving averages , was limited to 3.5% , abstracting from the development of the Irish pound . In addition , the deviations were only temporary and mainly reflected transient movements of the Spanish peseta and the French franc ( in early 1996 ) , the Portuguese escudo ( at end-1996 / early 1997 ) as well as the Finnish markka ( in early and mid-1997 ) vis - - vis other ERM currencies .
Ùóôüóï , ç ìÝãéóôç áðüêëéóç , ìå âÜóç ôïõò êéíçôïýò ìÝóïõò 10 åñãÜóéìùí çìåñþí , ðåñéïñßóôçêå óå 3,6% , ìå åîáßñåóç ôçí åîÝëéîç ôçò ëßñáò Éñëáíäßáò . ÅðéðëÝïí , ïé áðïêëßóåéò Þôáí áðëþò ðñüóêáéñåò êáé áíôáíáêëïýóáí êõñßùò ôéò ìåôáâáôéêÝò êéíÞóåéò ôçò éóðáíéêÞò ðåóÝôáò êáé ôïõ ãáëëéêïý öñÜãêïõ ( óôéò áñ ÷ Ýò ôïõ 1997 ) , ôïõ åóêïýäïõ Ðïñôïãáëßáò ( óôá ôÝëç ôïõ 1996 / áñ ÷ Ýò 1997 ) êáèþò êáé ôïõ öéëáíäéêïý ìÜñêïõ ( óôéò áñ ÷ Ýò êáé ôá ìÝóá ôïõ 1997 ) Ýíáíôé Üëëùí íïìéóìÜôùí ôïõ ÌÓÉ .
More recently , the The exchange rate criterion During the two-year reference period from March 1996 to February 1998 ten currencies ( the Belgian / Luxembourg franc , the Danish krone , the Deutsche Mark , the Spanish peseta , the French franc , the Irish pound , the Dutch guilder , the Austrian schilling and the Portuguese escudo ) have been participating in the ERM for at least two years before this examination , as stated by the Treaty .
Ç ëßñá Éñëáíäßáò êáôÜ êáíüíá êéíÞèçêå óå åðßðåäá óçìáíôéêÜ õøçëüôåñá áðü ôéò áìåôÜâëçôåò êåíôñéêÝò ôçò éóïôéìßåò Ýíáíôé Üëëùí íïìéóìÜôùí ôïõ ÌÓÉ êáé óôï ôÝëïò ôçò ðåñéüäïõ áíáöïñÜò âñéóêüôáí óå åðßðåäï ìüëéò êáôÜ 3 % õøçëüôåñï áðü ôéò êåíôñéêÝò ôçò éóïôéìßåò .
3 As noted above , the Greek drachma was incorporated in the exchange rate mechanism of the EMS , effective from 16 March 1998 .
3 ÐáñÜëëçëá , ï âáèìüò ìåôáâëçôüôçôáò ôçò éóïôéìßáò ôçò Ýíáíôé ôïõ ãåñìáíéêïý ìÜñêïõ áõîáíüôáí ìÝ ÷ ñé ôá ìÝóá ôïõ 1997 êáé ïé äéáöïñÝò ôùí âñá ÷ õðñüèåóìùí åðéôïêßùí ôçò Ýíáíôé ôùí ÷ ùñþí ìå ôá ÷ áìçëüôåñá 10 åðéôüêéá äéåõñýíèçêáí óôï ßäéï äéÜóôçìá .
As noted above , the previous bilateral central rates of the Irish pound against other currencies of the exchange rate mechanism were revalued by 3 %, effective from 16 March 1998 .