natgillin/translations-raw huggingface dataset:
Óôç äéÜñêåéá ôçò ðåñéüäïõ áíáöïñÜò , ç Äáíßá ðÝôõ ÷ å ñõèìü ðëçèùñéóìïý ( ÅíÄÔÊ ) 1,9% , äçë .
3.2 Denmark Denmark , in accordance with the terms of Protocol No. 12 of the Treaty , has given notification to the EU Council that it will not participate in Stage Three of EMU .
Ç áýîçóç ôïõ êüóôïõò åñãáóßáò áíÜ ìïíÜäá ðñïúüíôïò åðéôá ÷ ýíèçêå ðñüóöáôá êáé ìåñéêïß Üëëïé óõíáöåßò äåßêôåò ðëçèùñéóìïý õðåñÝâçóáí ôï 2 % ôï 1997 . ¼ óïí áöïñÜ ôéò ðñïïðôéêÝò , äåí õðÜñ ÷ ïõí åíäåßîåéò üôé èá åêäçëùèïýí Üìåóåò ðëçèùñéóôéêÝò ðéÝóåéò .
Over the reference period Denmark has achieved a rate of HICP inflation of 1.9% , which is well below the reference value stipulated by the Treaty . The increase in unit labour costs has picked up recently and some other relevant indicators of inflation exceeded 2 % in 1997 .
Óýìöùíá ìå ôéò ðñïâëÝøåéò ï ðëçèùñéóìüò èá áõîçèåß óå åðßðåäï êáôÜ ôé áíþôåñï áðü 2 % ôï 1998 êáé ëßãï áêüìç ôï 1999 . Ç äáíéêÞ êïñþíá óõììåôÝ ÷ åé óôï ÌÓÉ ãéá äéÜóôçìá ðïëý ìåãáëýôåñï ôùí äýï åôþí .
Looking ahead , there are no signs of immediate upward pressure on inflation ; forecasts project inflation will rise to somewhat above 2 % in 1998 and slightly higher in 1999 .
Ôï åðßðåäï ôùí ìáêñïðñüèåóìùí åðéôïêßùí Þôáí 6,2% , äçë . êÜôù áðü ôçí áíôßóôïé ÷ ç ôéìÞ áíáöïñÜò .
support the exchange rate . The level of longterm interest rates was 6.2% , i.e. below the respective reference value .
Ôï 1997 ç Äáíßá óçìåßùóå ðëåüíáóìá ôïõ åõñýôåñïõ êõâåñíçôéêïý ôïìÝá 0,7% ôïõ ÁÅÐ , åðéôõã ÷ Üíïíôáò Ýôóé ìå Üíåóç ôçí ôéìÞ áíáöïñÜò , êáé õðÜñ ÷ ïõí ðñïïðôéêÝò ãéá ðëåüíáóìá 1,1% ôï 1998 .
In 1997 Denmark achieved a general government surplus of 0.7% of GDP , thus comfortably meeting the reference value , and the outlook is for a surplus of 1.1% in 1998 .
Ï ëüãïò ÷ ñÝïõò / ÁÅÐ õðåñâáßíåé ôçí ôéìÞ áíáöïñÜò 60 %.
The debt-to-GDP ratio is above the 60 % reference value .
Áöïý Ýöèáóå óôï õøçëüôåñï óçìåßï ôï 1993 , ï ëüãïò ìåéþèçêå êáôÜ 16,5 åêáôïóôéáßåò ìïíÜäåò êáé äéáìïñöþèçêå óå 65,1% ôï 1997 .
After having reached a peak in 1993 , the ratio declined by 16.5 percentage points to stand at 65.1% in 1997 .
Ùò ðñïò ôç äéáôçñçóéìüôçôá ôùí äçìïóéïíïìéêþí åîåëßîåùí , ç ðñïïðôéêÞ ãéá ôï ëüãï ôïõ ÷ ñÝïõò åßíáé íá ìåéùèåß óå 59,5% ôïõ ÁÅÐ ôï 1998 , äçë . íá âñåèåß ìüëéò êÜôù áðü ôçí ôéìÞ áíáöïñÜò .
Regarding the sustainability of fiscal developments , the outlook is for a decrease in the debt ratio to 59.5% of GDP in 1998 i.e. just below the reference value .
Óå Ýíáí åõñýôåñï ÷ ñïíéêü ïñßæïíôá , åÜí ôá ôñÝ ÷ ïíôá äçìïóéïíïìéêÜ ðëåïíÜóìáôá äéáôçñçèïýí , ç Äáíßá èá ðñÝðåé íá åßíáé óå èÝóç íá óõììïñöùèåß ìå ôï 18 ìåóïðñüèåóìï óôü ÷ ï ôïõ Óõìöþíïõ Óôáèåñüôçôáò êáé ÁíÜðôõîçò ôï ïðïßï èá ôåèåß óå éó ÷ ý áðü ôï 1999 , äçë .
Looking further ahead , if current fiscal surpluses are maintained , Denmark should comply with the mediumterm objective of the Stability and Growth Pact , effective from 1999 onwards , of having a budgetary position that is close to balance or in surplus , and the debt ratio would fall further below 60 %.
Ùò ðñïò ôïõò Üëëïõò ðáñÜãïíôåò , ôï 1996 ï ëüãïò ôïõ åëëåßììáôïò Þôáí ÷ áìçëüôåñïò áðü ôï ëüãï äçìüóéùí åðåíäýóåùí / ÁÅÐ .
With regard to other factors , in 1996 the deficit ratio was below the ratio of public investment to GDP .
3.3 Ãåñìáíßá Óôç äéÜñêåéá ôçò ðåñéüäïõ áíáöïñÜò , ç Ãåñìáíßá ðÝôõ ÷ å ñõèìü ðëçèùñéóìïý ( ÅíÄÔÊ ) 1,4% , äçë .
Looking ahead , there are no signs of immediate upward pressure on inflation ;
¼ óïí áöïñÜ ôéò ðñïïðôéêÝò , äåí õðÜñ ÷ ïõí åíäåßîåéò üôé èá áóêçèïýí Üìåóåò ðëçèùñéóôéêÝò ðéÝóåéò . Óýìöùíá ìå ôéò ðñïâëÝøåéò ï ðëçèùñéóìüò èá öèÜóåé ðåñßðïõ ôï 2 % ôï 1998 êáé ôï 1999 .
forecasts project inflation will stand at around 2 % in 1998 and 1999 . The Deutsche Mark has been participating in the ERM for much longer than two years .
ðïõ ðáñÝìåéíáí áìåôÜâëçôåò , ÷ ùñßò íá ÷ ñåéáóôåß íá ëçöèïýí ìÝôñá ãéá ôç óôÞñéîç ôçò óõíáëëáãìáôéêÞò éóïôéìßáò . Ôï åðßðåäï ôùí ìáêñïðñüèåóìùí åðéôïêßùí Þôáí 5,6% , äçë .
The level of long-term interest rates was 5.6% , i.e. well below the respective reference value .
Ôï 1997 ç Ãåñìáíßá ðÝôõ ÷ å ëüãï äçìïóéïíïìéêïý åëëåßììáôïò 2,7% ôïõ ÁÅÐ , äçë . êÜôù áðü ôçí ôéìÞ áíáöïñÜò , êáé õðÜñ ÷ åé ðñïïðôéêÞ ãéá ðåñáéôÝñù ìåßùóç óå 2,5% ôï 1998 .
In 1997 Germany achieved a fiscal deficit ratio of 2.7% of GDP , i.e. below the reference value , and the outlook is for a further decline to 2.5% in 1998 .
Ï ëüãïò ÷ ñÝïõò / ÁÅÐ åßíáé ìüëéò áíþôåñïò áðü ôçí ôéìÞ áíáöïñÜò ( 60 %) .
The debt-to-GDP ratio is just above the 60 % reference value .
Áðü ôï 1991 , ôï ðñþôï Ýôïò ìåôÜ ôçí åíïðïßçóç ôçò Ãåñìáíßáò , ï ëüãïò áõîÞèçêå êáôÜ 19,8 åêáôïóôéáßåò ìïíÜäåò êáé Ýöèáóå ôï 61,3% ôï 1997 , áíôáíáêëþíôáò óå ìåãÜëï âáèìü ôç äçìïóéïíïìéêÞ åðéâÜñõíóç ðïõ ðñïêÜëåóå ç åíïðïßçóç .
As of 1991 , the first year after German unification , the ratio increased by 19.8 percentage points to stand at 61.3% in 1997 , reflecting to a large extent the fiscal burden relating to unification .
Ùò ðñïò ôç äéáôçñçóéìüôçôá ôùí äçìïóéïíïìéêþí åîåëßîåùí , õðÜñ ÷ åé ðñïïðôéêÞ ãéá ïñéáêÞ ìåßùóç ôïõ ëüãïõ ôïõ ÷ ñÝïõò óå 61,2% ôïõ ÁÅÐ ôï 1998 .
Regarding the sustainability of fiscal , developments , the outlook is for a marginal decline in the debt ratio to 61.2% of GDP in 1998 .
Ç äéáôÞñçóç ôïõ ëüãïõ ôïõ åëëåßììáôïò óôá óçìåñéíÜ åðßðåäá äåí èá åßíáé åðáñêÞò ãéá íá ìåéùèåß ï ëüãïò ôïõ ÷ ñÝïõò êÜôù áðü 60 % ôïõ ÁÅÐ ìÝóá óå åýëïãï ÷ ñïíéêü äéÜóôçìá . ¸ ôóé õðÜñ ÷ åé áíÜãêç ãéá ðåñáéôÝñù óçìáíôéêÞ ðñüïäï áðü ðëåõñÜò åîõãßáíóçò .
Keeping the deficit ratio at current levels would not be sufficient to bring the debt ratio down to 60 % of GDP within an appropriate period of time , thus pointing to the need for further substantial progress in consolidation .
ÄåäïìÝíïõ üôé ï óçìåñéíüò ëüãïò ôïõ ÷ ñÝïõò åßíáé ìüëéò Üíù ôïõ 60 % ôïõ ÁÅÐ , åÜí åðéôåõ ÷ èåß ç äçìïóéïíïìéêÞ êáôÜóôáóç ðïõ ðñïâëÝðåôáé ãéá ôï 1998 êáé ðñáãìáôïðïéåßôáé éóïóêåëéóìÝíïò ðñïûðïëïãéóìüò êáôüðéí , ï ëüãïò ôïõ ÷ ñÝïõò èá ìåéùèåß êÜôù áðü 60 % Þäç áðü ôï 1999 .
Given the current debt ratio of just above 60 % of GDP , achieving the fiscal position forecast for 1998 and realising a balanced budget thereafter would reduce the debt ratio to below 60 % as early as 1999 .
Ùò ðñïò ôïõò Üëëïõò ðáñÜãïíôåò , ôï 1996 êáé ôï 1997 ï ëüãïò ôïõ åëëåßììáôïò õðåñÝâç ôï ëüãï äçìüóéùí åðåíäýóåùí / ÁÅÐ êáé ç Ãåñìáíßá åìöÜíéóå åëëåßììáôá óôï éóïæýãéï ôñå ÷ ïõóþí óõíáëëáãþí ëüãù ôçò åíïðïßçóçò , äéáôçñþíôáò ðáñÜëëçëá èåôéêÞ êáèáñÞ åîùôåñéêÞ èÝóç .
With regard to other factors , in 1996 and 1997 the deficit ratio exceeded the ratio of public investment to GDP , and Germany recorded current account deficits as a consequence of unification , while maintaining a net external asset position .
Ôï êáôáóôáôéêü ôçò ÏìïóðïíäéáêÞò ÔñÜðåæáò ôçò Ãåñìáíßáò ôñïðïðïéÞèçêå ìå ôïí ¸ êôï Íüìï / 22.12.97 ( ðïõ ôñïðïðïßçóå ôï Íüìï ãéá ôçí ÏìïóðïíäéáêÞ ÔñÜðåæá ôçò Ãåñìáíßáò ) , ìÝóù ôïõ ïðïßïõ ôï êáôáóôáôéêü ôçò ÔñÜðåæáò Ýãéíå óõìâáôü ìå ôïõò üñïõò ôçò ÓõíèÞêçò êáé ôïõ Êáôáóôáôéêïý ãéá ôï Ôñßôï ÓôÜäéï .
The statute of the Deutsche Bundesbank was amended with the Sixth Act amending the Deutsche Bundesbank Act dated 22 December 1997 , which made the Bank s statute compatible with Treaty and Statute 15 3.3 Germany Over the reference period Germany has achieved a rate of HICP inflation of 1.4% , which is well below the reference value stipulated by the Treaty .
3.4 ÅëëÜäá Äéáðéóôþíåôáé óáöÞò ðôùôéêÞ ôÜóç ôïõ ðëçèùñéóìïý óôçí ÅëëÜäá , ìå ôï ñõèìü áíüäïõ ôïõ ÄÔÊ íá ìåéþíåôáé áðü åðßðåäï Üíù ôïõ 20 % ôï 1990 óå 5,5% ôï 1997 . Ï ðëçèùñéóìüò ( ÅíÄÔÊ ) Þôáí 5,2% êáôÜ ôç äéÜñêåéá ôçò ðåñéüäïõ áíáöïñÜò .
The EMI takes note that adaptation of the Act on Coins is envisaged . 3.4 Greece A clear trend towards lower inflation has been discernible in Greece , with the CPI rate falling from above 20 % in 1990 to 5‰ % in 1997 .
ÐáñÜëëçëá , ï ñõèìüò áýîçóçò ôïõ êüóôïõò åñãáóßáò áíÜ ìïíÜäá ðñïúüíôïò óçìåßùóå ðôþóç óôï 7,5% ôï 1997 , åíþ ï ðåñéïñéóìüò ôùí ðëçèùñéóôéêþí ôÜóåùí ðñïêýðôåé êáé áðü Üëëá óõíáöÞ ìåãÝèç ìÝôñçóçò ôïõ ðëçèùñéóìïý .
HICP inflation was 5.2% over the reference period . At the same time , the increase in unit labour costs decelerated to 7‰ % in 1997 , and the reduction in inflationary tendencies is also indicated by other relevant measures of inflation .
¼ óïí áöïñÜ ôéò ðñïïðôéêÝò , óýìöùíá ìå ôéò ðñïâëÝøåéò ï ðëçèùñéóìüò èá õðï ÷ ùñÞóåé óå åðßðåäï 4,5% ôï 1998 êáé 3,5% ôï 1999 .
Looking ahead , forecasts suggest a fall in inflation to 4‰ % in 1998 and to 3‰ % in 1999 .
Ôá ìáêñïðñüèåóìá åðéôüêéá áêïëïõèïýí ãåíéêþò ðôùôéêÞ ðïñåßá êáôÜ ôç äéÜñêåéá ôçò äåêáåôßáò ôïõ 1990 , ìå åîáßñåóç ôï 1997 .
Long-term interest rates have been on a broadly declining trend during the 1990s , with the exception of 1997 ;
Óôç äéÜñêåéá ôçò ðåñéüäïõ áíáöïñÜò Þôáí êáôÜ ìÝóï üñï 9,8% .
they averaged 9.8% over the reference period .
¼ ðùò ðñïáíáöÝñèçêå , ç äñá ÷ ìÞ åíôÜ ÷ èçêå óôï ìç ÷ áíéóìü óõíáëëáãìáôéêþí éóïôéìéþí ôïõ ÅÍÓ áðü ôéò 16 Ìáñôßïõ 1998 .
Greece did not participate in the ERM during the reference period referred to in this Report .
ðåñßïäï áíáöïñÜò ç éóïôéìßá ôçò äñá ÷ ìÞò êéíÞèçêå ðÜíù áðü ôéò ìÝóåò äéìåñåßò óõíáëëáãìáôéêÝò éóïôéìßåò ôïõ Ìáñôßïõ 1996 Ýíáíôé ôùí ðåñéóóüôåñùí Üëëùí íïìéóìÜôùí ôçò ÅÅ , ïé ïðïßåò ÷ ñçóéìïðïéïýíôáé åíäåéêôéêÜ ùò óçìåßï áíáöïñÜò åëëåßøåé êåíôñéêþí éóïôéìéþí .
5 Over the reference period , the Greek drachma traded above its March 1996 average bilateral exchange rates against most other EU currencies , which are used as a benchmark for illustrative purposes in the absence of central rates .
Áðü ôï 1993 ï ëüãïò ôïõ äçìïóéïíïìéêïý åëëåßììáôïò Ý ÷ åé ìåéùèåß óõíïëéêÜ êáôÜ 9,8 åêáôïóôéáßåò ìïíÜäåò êáé äéáìïñöþèçêå óå 4,0% ôïõ ÁÅÐ ôï 1997 , ðÜíù áðü ôçí ôéìÞ áíáöïñÜò ðïõ ïñßæåé ç ÓõíèÞêç .
Since 1993 the fiscal deficit ratio has been reduced by a total of 9.8 percentage points to stand at 4.0% of GDP in 1997 , above the reference value stipulated in the Treaty ;
Ôï 1998 õðÜñ ÷ åé ðñïïðôéêÞ ìåßùóçò ôïõ ëüãïõ ôïõ åëëåßììáôïò óå 2,2% , äçë . óå åðßðåäï êÜôù áðü ôçí ôéìÞ áíáöïñÜò .
the outlook for 1998 , is for a decline in the deficit ratio to 2.2% , i.e. a level below the reference value .
Ï ëüãïò ÷ ñÝïõò / ÁÅÐ åßíáé ðïëý õøçëüôåñïò áðü ôçí ôéìÞ áíáöïñÜò 60 %.
The debt-to-GDP ratio is far above the 60 % reference value .
Áöïý Ýöèáóå óå Ýíá áíþôáôï åðßðåäï ôï 1993 , ï ëüãïò ôïõ ÷ ñÝïõò ãåíéêþò óôáèåñïðïéÞèçêå êáé êáôüðéí ìåéþèçêå êáôÜ 2,9 åêáôïóôéáßåò ìïíÜäåò óå 108,7% ôï 1997 .
After having reached a peak in 1993 , the ratio broadly stabilised , before decreasing by 2.9 percentage points to 108.7% in 1997 ;
Ôï 1998 õðÜñ ÷ åé ðñïïðôéêÞ ìåßùóçò ôïõ ëüãïõ ôïõ ÷ ñÝïõò óå 107,7% ôïõ ÁÅÐ .
the outlook for 1998 is for a decline in the debt ratio to 107.7% of GDP .
Èá ÷ ñåéáóôïýí óçìáíôéêÜ ðñùôïãåíÞ ðëåïíÜóìáôá êáé äéáñêÞ óõíïëéêÜ äçìïóéïíïìéêÜ ðëåïíÜóìáôá éêáíïý ìåãÝèïõò , ðñïêåéìÝíïõ íá êáôáóôåß äõíáôÞ ç ìåßùóç ôïõ ëüãïõ ôïõ ÷ ñÝïõò óå 60 % ìÝóá óå åýëïãç ÷ ñïíéêÞ ðåñßïäï .
Substantial primary surpluses and persistent , sizable overall fiscal surpluses will be needed to be able to reduce the debt ratio to 60 % within an appropriate period of time .
Áõôü óõãêñßíåôáé ìå ðñáãìáôïðïéçèÝí äçìïóéïíïìéêü Ýëëåéììá 4,0% ôïõ ÁÅÐ ôï 1997 êáé ìå ðñïâëåðüìåíï Ýëëåéììá 2,2% ôï 1998 .
This compares with a recorded fiscal deficit of 4.0% of GDP in 1997 , as well as the deficit forecast of 2.2% in 1998 .
¼ óïí áöïñÜ Üëëïõò ðáñÜãïíôåò , ôï 1996 êáé ôï 1997 ï ëüãïò ôïõ åëëåßììáôïò õðåñÝâç ôï ëüãï äçìüóéùí åðåíäýóåùí / ÁÅÐ , ç ÅëëÜäá åìöÜíéóå åëëåßììáôá óôï éóïæýãéï ôñå ÷ ïõóþí óõíáëëáãþí êáé åß ÷ å áñíçôéêÞ êáèáñÞ åîùôåñéêÞ èÝóç .
With regard to other factors , in 1996 and 1997 the deficit ratio exceeded the ratio of public investment to GDP , Greece recorded current account deficits and had a net external liability position .
Ôï êáôáóôáôéêü ôçò ÔñÜðåæáò ôçò ÅëëÜäïò ôñïðïðïéÞèçêå ìå ôï Íüìï 2548/12 .
The statute of the Bank of Greece was amended with Law 2548 dated 12 December 1997 .
Ôï ÅÍÉ äåí Ý ÷ åé õðüøç ôïõ Üëëåò êáôáóôáôéêÝò äéáôÜîåéò ðïõ èá áðáéôïýóáí ðñïóáñìïãÞ âÜóåé ôïõ ¢ ñèñïõ 108 ôçò ÓõíèÞêçò .
The EMI is not aware of any other statutory provisions which would require adaptation under Article 108 of the Treaty .
3.5 Éóðáíßá Óôç äéÜñêåéá ôçò ðåñéüäïõ áíáöïñÜò ç Éóðáíßá ðÝôõ ÷ å ñõèìü ðëçèùñéóìïý ( ÅíÄÔÊ ) 1,8% , äçë .
3.5 Spain Over the reference period Spain has achieved a rate of HICP inflation of 1.8% , which is well below the reference value stipulated by the Treaty .
Óýìöùíá ìå ôéò ðñïâëÝøåéò , ï ðëçèùñéóìüò èá óçìåéþóåé Üíïäï óå åðßðåäï ëßãï õøçëüôåñï áðü 2 % ôï 1998 êáé ôï 1999 .
Looking ahead , there is little sign of immediate upward pressure on inflation ; forecasts project inflation will rise to somewhat above 2 % in 1998 and 1999 .
ôùí ìáêñïðñüèåóìùí åðéôïêßùí Þôáí 6,3% , äçë . êÜôù áðü ôçí áíôßóôïé ÷ ç ôéìÞ áíáöïñÜò .
The level of long-term interest rates was 6.3% , i.e. below the respective reference value .
Ôï 1997 ç Éóðáíßá ðÝôõ ÷ å ëüãï äçìïóéïíïìéêïý åëëåßììáôïò 2,6% , äçë . êÜôù áðü ôçí ôéìÞ áíáöïñÜò êáé õðÜñ ÷ åé ðñïïðôéêÞ ðåñáéôÝñù ìåßùóçò óå 2,2% ôï 1998 .
In 1997 Spain achieved a fiscal deficit ratio of 2.6% , i.e. below the reference value , and the outlook is for a further decline to 2.2% in 1998 .
Áöïý êïñõöþèçêå ôï 1996 , ï ëüãïò ìåéþèçêå êáôÜ 1,3 åêáôïóôéáßåò ìïíÜäåò êáé Ýöèáóå ôï 68,8% ôï 1997 .
After having reached a peak in 1996 , the ratio declined by 1.3 percentage points to stand at 68.8% in 1997 .
Ùò ðñïò ôç äéáôçñçóéìüôçôá ôùí äçìïóéïíïìéêþí åîåëßîåùí , õðÜñ ÷ åé ðñïïðôéêÞ ìåßùóçò ôïõ ëüãïõ ôïõ ÷ ñÝïõò óå 67,4% , ôïõ ÁÅÐ ôï 1998 .
Regarding the sustainability of fiscal developments , the outlook is for a decrease in the debt ratio to 67.4% of GDP in 1998 .
ÄåäïìÝíïõ üôé ï óçìåñéíüò ëüãïò ôïõ ÷ ñÝïõò åßíáé êáôÜ ôé ÷ áìçëüôåñïò áðü 70 % ôïõ ÁÅÐ , åÜí åðéôåõ ÷ èåß ôï äçìïóéïíïìéêü áðïôÝëåóìá ðïõ ðñïâëÝðåôáé ãéá ôï 1998 êáé áêïëïýèùò åðéôõã ÷ Üíåôáé ç éóïóêÝëéóç ôïõ ðñïûðïëïãéóìïý , ï ëüãïò ôïõ ÷ ñÝïõò èá ìåéùèåß êÜôù áðü 60 % ôï 2001 .
Given the current debt ratio of somewhat below 70 % of GDP , achieving the fiscal balance forecast for 1998 and a balanced budget thereafter would reduce the debt ratio to below 60 % in 2001 .
Áíôßèåôá , åÜí ôï ðñùôïãåíÝò Þ ôï óõíïëéêü ðëåüíáóìá ôïõ 1998 äéáôçñçèåß óôáèåñü ôá åðüìåíá Ýôç , ï ëüãïò ôïõ ÷ ñÝïõò äåí èá ìåéùèåß óôï 60 % ôïõ ÁÅÐ ðñéí áðü ôï 2007 êáé ôï 2004 , áíôßóôïé ÷ á .
Instead , keeping the 1998 overall or primary balances constant in the following years would bring the debt ratio down to 60 % of GDP not before 2007 and 2004 respectively , thus pointing to the need for further substantial progress in consolidation .
Ùò ðñïò ôïõò Üëëïõò ðáñÜãïíôåò , ôï 1996 ï ëüãïò ôïõ äçìïóéïíïìéêïý åëëåßììáôïò õðåñÝâç ôï ëüãï äçìüóéùí åðåíäýóåùí / ÁÅÐ , áëëÜ ôï 1997 Þôáí ÷ áìçëüôåñïò áðü åêåßíï ôï åðßðåäï .
With regard to other factors , in 1996 the fiscal deficit ratio exceeded the ratio of public investment to GDP , but it fell below that level in 1997 .
Ôï êáôáóôáôéêü ôçò ÔñÜðåæáò ôçò Éóðáíßáò ôñïðïðïéÞèçêå óôïí ôïìÝá ôçò áíåîáñôçóßáò ôçò êåíôñéêÞò ôñÜðåæáò ìå ôï Íüìï 66/1997/30 .
The statute of the Banco de Espaæa was amended in the area of central bank independence with Law 66/1997 of 30 December 1997 .
Ìå ôçí ðñïûðüèåóç üôé , ãéá ôï óêïðü áõôü , èá øçöéóôåß ôï íïìïó ÷ Ýäéï üðùò åß ÷ å óôéò 24 Ìáñôßïõ 1998 êáé èá ôåèåß åãêáßñùò óå éó ÷ ý , ôï êáôáóôáôéêü ôçò ÔñÜðåæáò èá åßíáé óõìâáôü ìå ôïõò üñïõò ôçò ÓõíèÞêçò êáé ôïõ Êáôáóôáôéêïý ãéá ôï Ôñßôï ÓôÜäéï .
Assuming that a draft law to this effect is adopted as it stood on 24 March 1998 and that it will enter into force on time , the Bank s statute will be compatible with Treaty and Statute requirements for Stage Three .
Ôï ÅÍÉ óçìåéþíåé üôé ðñïâëÝðåôáé ðåñáéôÝñù ðñïóáñìïãÞ ôïõ Íüìïõ 10 / 1975/12 . 3.75 ðåñß ÊåñìÜôùí .
The EMI takes note that further adaptation of Law 10/1975 of 12 March 1975 on Coinage is envisaged .
3.6 Ãáëëßá Óôç äéÜñêåéá ôçò ðåñéüäïõ áíáöïñÜò ç Ãáëëßá ðÝôõ ÷ å ñõèìü ðëçèùñéóìïý ( ÅíÄÔÊ ) 1,2% , ï ïðïßïò åßíáé áñêåôÜ ÷ áìçëüôåñïò áðü ôçí ôéìÞ áíáöïñÜò ðïõ ïñßæåé ç ÓõíèÞêç êáé Ýíáò áðü ôïõò ôñåéò ÷ áìçëüôåñïõò ñõèìïýò ðëçèùñéóìïý óôçí ¸ íùóç .
3.6 France Over the reference period France has achieved a rate of HICP inflation of 1.2% , which is well below the reference value stipulated by the Treaty and one of the three lowest inflation rates in the Union .
Óýìöùíá ìå ôéò ðñïâëÝøåéò ï ðëçèùñéóìüò èá öèÜóåé óå åðßðåäï áñêåôÜ ÷ áìçëüôåñï ôïõ 2 % ôïõ ÁÅÐ ôï 1998 êáé ôï 1999 .
forecasts project inflation will stand at well below 2 % in 1998 and 1999 .
Ôï åðßðåäï ôùí ìáêñïðñüèåóìùí åðéôïêßùí Þôáí 5,5% , äçë .
The level of longterm interest rates was 5.5% , i.e. well below the respective reference value .
ßóï ìå ôçí ôéìÞ áíáöïñÜò , êáé ç ðñïïðôéêÞ ãéá ôï 1998 åßíáé üôé ó ÷ åäüí 21 äåí èá õðÜñîåé ðåñáéôÝñù âåëôßùóç ( ìåßùóç óå 2,9% ) , ðáñÜ ôçí åõíïúêÞ óõãêõñßá .
In 1997 France achieved a fiscal deficit ratio of 3.0% of GDP , i.e. a level equal to the reference value , and the outlook is for virtually no further improvement in 1998 ( a decrease to 2.9% ) in spite of the favourable conjunctural situation .
ÅðéðëÝïí , ï ëüãïò ôïõ äçìüóéïõ ÷ ñÝïõò , áí êáé áõîÞèçêå óå 58,0% ôïõ ÁÅÐ ôï 1997 , ðáñÝìåéíå ìüëéò êÜôù áðü ôçí ôéìÞ áíáöïñÜò 60 %.
In addition , the fiscal debt ratio , though increasing to 58.0% of GDP in 1997 , remained just below the 60 % reference value ;
ÕðÜñ ÷ åé ðñïïðôéêÞ ïñéáêÞò áýîçóçò óå 58,1% ôïõ ÁÅÐ ôï 1998 .
the outlook is for a marginal increase to 58.1% in 1998 .
Ùò ðñïò ôç äéáôçñçóéìüôçôá ôùí äçìïóéïíïìéêþí åîåëßîåùí , ç äéáôÞñçóç ôïõ ëüãïõ ôïõ åëëåßììáôïò óôá óçìåñéíÜ åðßðåäá äåí áñêåß þóôå ï ëüãïò ôïõ ÷ ñÝïõò íá ðáñáìåßíåé êÜôù áðü 60 % ôïõ ÁÅÐ .
Regarding the sustainability of fiscal developments , keeping the deficit ratio at current levels would not be sufficient to keep the debt ratio below 60 % of GDP , thus pointing to a need for further substantial progress in consolidation .
Áõôü óõíåðÜãåôáé êáé ôç ìåßùóç ôïõ ëüãïõ ôïõ ÷ ñÝïõò óå åðßðåäï áêüìç ÷ áìçëüôåñï áðü 60 % ôïõ ÁÅÐ .
This would also imply a reduction in the debt ratio to further below 60 % of GDP .
Ùò ðñïò ôïõò Üëëïõò ðáñÜãïíôåò , ôï 1996 êáé ôï 1997 ï ëüãïò ôïõ åëëåßììáôïò õðåñÝâç ôï ëüãï äçìüóéùí åðåíäýóåùí / ÁÅÐ .
With regard to other factors , in 1996 and 1997 the deficit ratio exceeded the ratio of public investment expenditure to GDP .
ÅÜí , ãéá ôï óêïðü áõôü , øçöéóôåß ôï íïìïó ÷ Ýäéï üðùò åß ÷ å óôéò 24 Ìáñôßïõ 1998 , êáé ôåèåß åãêáßñùò óå éó ÷ ý , ôï êáôáóôáôéêü ôçò ÔñÜðåæáò èá åßíáé óõìâáôü ìå ôïõò üñïõò ôçò ÓõíèÞêçò êáé ôïõ Êáôáóôáôéêïý ãéá ôï Ôñßôï ÓôÜäéï .
Assuming that a draft law to this effect is adopted as it stood on 24 March 1998 and that it will enter into force on time , the Bank s statute will be compatible with Treaty and Statute requirements for Stage Three .
¼ óïí áöïñÜ ôéò ðñïïðôéêÝò , õðÜñ ÷ ïõí êÜðïéåò åíäåßîåéò üôé èá áóêçèïýí Üìåóåò áíïäéêÝò ðéÝóåéò óôïí ðëçèùñéóìü , ï ïðïßïò ôá åðüìåíá äýï Ýôç åíäÝ ÷ åôáé íá áõîçèåß ðñïò ôï 3 %. Ôï åðßðåäï ôùí ìáêñïðñüèåóìùí åðéôïêßùí Þôáí 6,2% äçë .
6 In 1997 Ireland achieved a general government surplus of 0.9% of GDP , thereby comfortably meeting the 3 % reference value , and the outlook is for a surplus of 1.1% of GDP in 1998 .
Ôüóï üìùò ç ìåôáâëçôüôçôá üóï êáé ïé äéáöïñÝò ôùí åðéôïêßùí ðåñéïñßóôçêáí ðñüóöáôá êáèþò ç éñëáíäéêÞ ëßñá ðëçóßáóå ôéò äéìåñåßò êåíôñéêÝò éóïôéìßåò ôçò Ýíáíôé Üëëùí íïìéóìÜôùí ôïõ ÌÓÉ . 6 Ôï 1997 ç Éñëáíäßá ðñáãìáôïðïßçóå ðëåüíáóìá ôïõ åõñýôåñïõ êõâåñíçôéêïý ôïìÝá 0,9% ôïõ ÁÅÐ , åðéôõã ÷ Üíïíôáò Ýôóé ìå Üíåóç ôçí ôéìÞ áíáöïñÜò 3 %, êáé õðÜñ ÷ åé ðñïïðôéêÞ ãéá ðëåüíáóìá 1,1% ôïõ ÁÅÐ ôï 1998 .
Looking further ahead , if current fiscal surpluses are maintained Ireland should comply with the medium-term objective of the Stability and Growth Pact , effective from 1999 onwards , of having a budgetary position that is close to balance or in surplus , and the debt ratio would fall further below 60 %. With regard to other factors , in 1996 the deficit position did not exceed the ratio of public investment to GDP .
Ï ëüãïò ÷ ñÝïõò / ÁÅÐ õðåñâáßíåé ôçí ôéìÞ áíáöïñÜò 60 %. Áöïý êïñõöþèçêå
Moreover , Ireland has maintained current account surpluses .
3.7 Éñëáíäßá Óôç äéÜñêåéá ôçò ðåñéüäïõ áíáöïñÜò ç Éñëáíäßá ðÝôõ ÷ å ñõèìü ðëçèùñéóìïý ( ÅíÄÔÊ ) 1,2% , äçë . áñêåôÜ ÷ áìçëüôåñï áðü ôçí ôéìÞ áíáöïñÜò ðïõ ïñßæåé ç ÓõíèÞêç êáé Ýíáí áðü ôïõò ôñåéò 22
In the context of a relatively favourable demographic situation , the pension system relies on funded private pensions and unfunded social security pensions play a relatively minor role .
6 Áðü ôéò 16 Ìáñôßïõ 1998 äçë .
The statute of the Central Bank of Ireland was amended by the Central Bank Act 1998 .
ìåôÜ ôçí ðåñßïäï áíáöïñÜò ôçò ¸ êèåóçò , ïé äéìåñåßò êåíôñéêÝò éóïôéìßåò ôçò éñëáíäéêÞò ëßñáò Ýíáíôé Üëëùí íïìéóìÜôùí ôïõ ÌÓÉ áíáôéìÞèçêáí êáôÜ 3 %. ôï 1993 , ï ëüãïò ìåéþèçêå êáôÜ 30,0 åêáôïóôéáßåò ìïíÜäåò ãéá íá öèÜóåé óôï 66,3% ôï 1997 , áíôáíáêëþíôáò , ìåôáîý Üëëùí , ôçí ðïëý Ýíôïíç Üíïäï ôïõ ðñáãìáôéêïý ÁÅÐ .
With the adoption and entry into force of this Act , and assuming that specific provisions thereof ( for which progressive adaptation through ministerial orders is envisaged ) will enter into force on time , there will be no remaining incompatibilities with Treaty and Statute requirements for Stage Three in the Bank s statute . There are , however , two 6
Ùò ðñïò ôç äéáôçñçóéìüôçôá ôùí äçìïóéïíïìéêþí åîåëßîåùí , õðÜñ ÷ åé ðñïïðôéêÞ ìåßùóçò ôïõ ëüãïõ ôïõ ÷ ñÝïõò óå 59,5% ôïõ ÁÅÐ ôï 1998 , äçë .
3.7 Ireland Over the reference period Ireland has achieved a rate of HICP inflation of 1.2% , which is well below the reference value stipulated by the Treaty and one of the three lowest inflation rates in the Union .
ìüëéò êÜôù áðü ôçí ôéìÞ áíáöïñÜò . ¼ óïí áöïñÜ ôéò ðéï ìáêñïðñüèåóìåò ðñïïðôéêÝò , åÜí ôá óçìåñéíÜ äçìïóéïíïìéêÜ ðëåïíÜóìáôá äéáôçñçèïýí , ç Éñëáíäßá èá ðñÝðåé íá åßíáé óå èÝóç íá óõììïñöùèåß ìå ôï ìåóïðñüèåóìï óôü ÷ ï ôïõ Óõìöþíïõ Óôáèåñüôçôáò êáé ÁíÜðôõîçò ðïõ èá ôåèåß óå éó ÷ ý áðü ôï 1999 , äçë .
Unit labour costs declined , and low rates of inflation were also apparent in terms of other relevant price indices . Looking ahead , there are some signs of immediate upward pressure on inflation , which may rise towards 3 % over the next two years .
íá äéáèÝôåé ðñïûðïëïãéóìü ó ÷ åäüí éóïóêåëéóìÝíï Þ ðëåïíáóìáôéêü , åíþ ï ëüãïò ôïõ ÷ ñÝïõò èá ìåéùèåß áêüìç ðåñéóóüôåñï êÜôù áðü 60 %.
The level of long-term interest rates was 6.2% , i.e. below the respective reference value .
Ùò ðñïò ôïõò Üëëïõò ðáñÜãïíôåò , ôï 1996 ï ëüãïò ôïõ åëëåßììáôïò äåí õðåñÝâç ôï ëüãï äçìüóéùí åðåíäýóåùí / ÁÅÐ .
The Irish pound has been participating in the ERM for much longer than two years .
Ôï êáôáóôáôéêü ôçò ÊåíôñéêÞò ÔñÜðåæáò ôçò Éñëáíäßáò ôñïðïðïéÞèçêå ìå ôï Íüìï ôïõ 1998 ãéá ôçí ÊåíôñéêÞ ÔñÜðåæá . Ìå ôçí øÞöéóç êáé èÝóç óå éó ÷ ý áõôïý ôïõ Íüìïõ êáé ìå ôçí ðñïûðüèåóç üôé ïé óõãêåêñéìÝíåò äéáôÜîåéò ôïõ ( ôùí ïðïßùí ðñïâëÝðåôáé ç óôáäéáêÞ ðñïóáñìïãÞ , ìå õðïõñãéêÝò áðïöÜóåéò ) èá ôåèïýí åãêáßñùò óå éó ÷ ý , óôï êáôáóôáôéêü ôçò ÔñÜðåæáò äåí èá áðïìåßíïõí áóõìâáôüôçôåò ìå ôïõò üñïõò ôçò ÓõíèÞêçò êáé ôïõ Êáôáóôáôéêïý ãéá ôï Ôñßôï ÓôÜäéï .
With effect from 16 March 1998 , i.e. after the reference period referred to in this Report , the bilateral central rates of the Irish pound against the other ERM currencies were revalued by 3 %.
3.8 Iôáëßá Óôç äéÜñêåéá ôçò ðåñéüäïõ áíáöïñÜò ç Éôáëßá ðÝôõ ÷ å ñõèìü ðëçèùñéóìïý ( ÅíÄÔÊ ) 1,8% , áñêåôÜ êÜôù áðü ôçí ôéìÞ áíáöïñÜò ðïõ ïñßæåé ç ÓõíèÞêç .
3.8 Italy Over the reference period Italy has achieved a rate of HICP inflation of 1.8% , which is well below the reference value stipulated by the Treaty .
Ï ñõèìüò áýîçóçò ôïõ êüóôïõò åñãáóßáò áíÜ ìïíÜäá ðñïúüíôïò åðéôá ÷ ýíèçêå ôï 1996 , ðñéí åðéâñáäõíèåß óå 3,1% ôï 1997 , åíþ ïé ÷ áìçëïß ñõèìïß ðëçèùñéóìïý ðñïêýðôïõí êáé áðü áñêåôïýò Üëëïõò óõíáöåßò äåßêôåò ôéìþí .
The growth of unit labour costs picked up in 1996 , before slowing to 3.1% in 1997 , and a general trend towards low rates of inflation was also apparent in terms of other relevant price indices .
Óýìöùíá ìå ôéò ðéï ðñüóöáôåò ðñïâëÝøåéò ï ðëçèùñéóìüò èá äéáìïñöùèåß óå åðßðåäï åëÜ ÷ éóôá êÜôù áðü 2 % ôï 1998 êáé ãýñù óôï 2 % ôï 1999 .
the most recent forecast projects inflation to stand slightly below 2 % in 1998 and around 2 % in 1999 .