natgillin/translations-raw huggingface dataset:
The Council shall , acting by a qualified majority on a recommendation from the Commission , formulate a draft for the broad guidelines of the economic policies of the Member States and of the Community , and shall report i u findings to the European Council .
The Council shall , acting by a qualified majority on a recommendation from the Commission , formulate a draft for the broad guidelines of the economic policies of the Member States and of the Community , and shall report i u findings to the European Council .
The European Council shall , acting on the basis of the report from the Council , discuss a conclusion on the broad guidelines of the economic policies of the Member States and of the Community .
The European Council shall , acting on the basis of the report from the Council , discuss a conclusion on the broad guidelines of the economic policies of the Member States and of the Community .
O n the basis of this conclusion , the Council shall , acting by a qualified majority , adopt a recommendation setting out these broad guidelines .
O n the basis of this conclusion , the Council shall , acting by a qualified majority , adopt a recommendation setting out these broad guidelines .
T h e Council shall inform the European Parliament of its recommendation .
T h e Council shall inform the European Parliament of its recommendation .
The provisions of the conventions in force between the Member States governing areas covered by this Article shall remain in force until their content has been replaced by directives o r measures adopted pursuant to this Article .'
The provisions of the conventions in force between the Member States governing areas covered by this Article shall remain in force until their content has been replaced by directives o r measures adopted pursuant to this Article .'
N o C 191/12
N o C 191/12
In order to ensure closer mardination of economic policies and sustained convergence of the economic performances of the Member States , the Council shall , on the basis of repom submitted by the Commission , monitor economic developments in each of the Member States and in the Community as well as the consistency of ewnomic policies with the broad guidelines referred to in paragraph 2 , and regularly carry out an overall assessment .
In order to ensure closer mardination of economic policies and sustained convergence of the economic performances of the Member States , the Council shall , on the basis of repom submitted by the Commission , monitor economic developments in each of the Member States and in the Community as well as the consistency of ewnomic policies with the broad guidelines referred to in paragraph 2 , and regularly carry out an overall assessment .
Council shall inform the European Parliament of the decision taken .
Council shall inform the European Parliament of the decision taken .
Alticfe 104
Alticfe 104
For the purpose of this multilateral surveillance , Member States shall forward information to the Commission about important measures taken by them in the field of their economic policy and such other information as they deem necessary .
For the purpose of this multilateral surveillance , Member States shall forward information to the Commission about important measures taken by them in the field of their economic policy and such other information as they deem necessary .
Where it is established , under the procedure referred to in paragraph 3 , that the ewnomic policies of a Member State are not consistent with the broad guidelines referred to in paragraph 2 or that they risk jeopardizing the proper functioning of economic and monetary union , the Council may , acting by a qua , lified majority on a recommendation from the Commission , make the necessary recommendations to the Member State concerned .
Where it is established , under the procedure referred to in paragraph 3 , that the ewnomic policies of a Member State are not consistent with the broad guidelines referred to in paragraph 2 or that they risk jeopardizing the proper functioning of economic and monetary union , the Council may , acting by a qua , lified majority on a recommendation from the Commission , make the necessary recommendations to the Member State concerned .
The Council may , acting by a qualified majority on a proposal from the Commission , decide to make its recommendations public .
The Council may , acting by a qualified majority on a proposal from the Commission , decide to make its recommendations public .
Overdraft facilities or any other type of credit facility with the ECB o r with the central banks of the Member States ( hereinafter referred to as « national central banks ") in favour of Community institutions o r bodies , central governments , regional , local or other public authorities , other bodies governed by public law , or public undemkings of Member States shall be prohibited , as shall the purchase directly from them by the ECB or national central banks of debt insuuments .
Overdraft facilities or any other type of credit facility with the ECB o r with the central banks of the Member States ( hereinafter referred to as « national central banks ") in favour of Community institutions o r bodies , central governments , regional , local or other public authorities , other bodies governed by public law , or public undemkings of Member States shall be prohibited , as shall the purchase directly from them by the ECB or national central banks of debt insuuments .
Paragraph 1 shall not apply to publicly-owned credit institutions which , in the context of the supply of reserves by central banks , shall be given the same treatment by national central banks and the ECB as private credit institutions .
Paragraph 1 shall not apply to publicly-owned credit institutions which , in the context of the supply of reserves by central banks , shall be given the same treatment by national central banks and the ECB as private credit institutions .
Alticfe 104a
Alticfe 104a
The President of the Council and the Commission shall report to the European Parliament on the results of multilateral surveillance .
The President of the Council and the Commission shall report to the European Parliament on the results of multilateral surveillance .
The President of the Council may be invited to appear before the competent Committee of the European Parliament if the Council has made its recommendations public .
The President of the Council may be invited to appear before the competent Committee of the European Parliament if the Council has made its recommendations public .
The Council , acting in accordance with the procedure referred to in Article 189c , may adopt detailed rules for the multilateral surveillance procedure referred to in paragraphs 3 and 4 of this Article .
The Council , acting in accordance with the procedure referred to in Article 189c , may adopt detailed rules for the multilateral surveillance procedure referred to in paragraphs 3 and 4 of this Article .
Article 103a
Article 103a
Any measure , not based on prudential considerations , establishing privileged access by Community institutions or bodies , cenval governments , regional , local or other public authorities , other bodies governed by public law , or public undertakings of Member States W financial institutions shall be prohibited .
Any measure , not based on prudential considerations , establishing privileged access by Community institutions or bodies , cenval governments , regional , local or other public authorities , other bodies governed by public law , or public undertakings of Member States W financial institutions shall be prohibited .
The Council , acting in accordance with the procedure referred W in Anicle 189c , shall , before 1 January 1994 , specify definitions for the application of the prohibition referred to in paragraph 1 .
The Council , acting in accordance with the procedure referred W in Anicle 189c , shall , before 1 January 1994 , specify definitions for the application of the prohibition referred to in paragraph 1 .
Alticfe 1046
Alticfe 1046
Without prejudice to any other procedures provided for in this Treaty , the Council may , acting unanimously on a proposal from the Commission , decide upon the measures appropriate to the economic situation , in particular if severe difficulties arise in the supply of certain products .
Without prejudice to any other procedures provided for in this Treaty , the Council may , acting unanimously on a proposal from the Commission , decide upon the measures appropriate to the economic situation , in particular if severe difficulties arise in the supply of certain products .
Where a Member State is in difficulties or is seriously threatened with severe difficulties caused by exceptional occurrences beyond its control , the Council may , acting unanimously on a proposal from the Commission , grant , under certain conditions , Community financial assistance to the Member State concerned .
Where a Member State is in difficulties or is seriously threatened with severe difficulties caused by exceptional occurrences beyond its control , the Council may , acting unanimously on a proposal from the Commission , grant , under certain conditions , Community financial assistance to the Member State concerned .
Where the severe difficulties are caused by natural disasters , the Council shall act by qualified majority .
Where the severe difficulties are caused by natural disasters , the Council shall act by qualified majority .
The President of the
The President of the
I. The Community shall not be liable for or assume the commitments of central governments , regional , local or other public authorities , other bodies governed by public law , or public undertakings of any Member State , without prejudice to mutual financial guarantees for the joint execution of a specific project .
I. The Community shall not be liable for or assume the commitments of central governments , regional , local or other public authorities , other bodies governed by public law , or public undertakings of any Member State , without prejudice to mutual financial guarantees for the joint execution of a specific project .
A Member State shall not be liable for or vsume the commitments of central governments , regional , local or other public authorities , other bodies governed by public law or public undertakings of another Member State , without prejudice to mutual financial guarantees for the joint execution of a specific project .
A Member State shall not be liable for or vsume the commitments of central governments , regional , local or other public authorities , other bodies governed by public law or public undertakings of another Member State , without prejudice to mutual financial guarantees for the joint execution of a specific project .
If necessary , the Council , acting in accordance with the procedure referred to in Article 189c , may specify definitions for the application of the prohibitions referred to in Article 104 and in this Article .
If necessary , the Council , acting in accordance with the procedure referred to in Article 189c , may specify definitions for the application of the prohibitions referred to in Article 104 and in this Article .
N o C 191/13
N o C 191/13
Article 1 0 «
Article 1 0 «
Member States shall avoid excessive government deficits .
Member States shall avoid excessive government deficits .
The Commission shall moniwr the development of the budgemy situation and of the stock of government debt in the Member States with a view to identifying gross erron .
The Commission shall moniwr the development of the budgemy situation and of the stock of government debt in the Member States with a view to identifying gross erron .
In panicular it shall examine compliance with budgetaly discipline on the basis of the following w o criteria : ( a ) whether the ratio of the planned or actual government deficit to gross domestic product exceeds a reference value , unless
In panicular it shall examine compliance with budgetaly discipline on the basis of the following w o criteria : ( a ) whether the ratio of the planned or actual government deficit to gross domestic product exceeds a reference value , unless
Where the existence of an excessive deficit is decided according to paragraph 6 , the Council shall make recommendations to the Member State concerned with a view to bringing that situation to an end within a given period .
Where the existence of an excessive deficit is decided according to paragraph 6 , the Council shall make recommendations to the Member State concerned with a view to bringing that situation to an end within a given period .
Subject to the provisions of paragraph 8 , these recommendations shall not be made public .
Subject to the provisions of paragraph 8 , these recommendations shall not be made public .
Where it establishes that there has been no effective action in response to its recommendations within the period laid down , the Council may make its recommendations public .
Where it establishes that there has been no effective action in response to its recommendations within the period laid down , the Council may make its recommendations public .
If a Member State persists in failing to put into
If a Member State persists in failing to put into
- either the ratio has declined substantially and continuously and reached a level that comes close to the reference value ;
- either the ratio has declined substantially and continuously and reached a level that comes close to the reference value ;
practice the recommendations of the Council , the Council may decide to give notice to the Member State to take , within a specified time limit , measures for the deficit reduction which is judged necessaly by the Council in order to remedy the situation .
practice the recommendations of the Council , the Council may decide to give notice to the Member State to take , within a specified time limit , measures for the deficit reduction which is judged necessaly by the Council in order to remedy the situation .
In such a case , the Council may request the Member State concerned to submit reports in accordance with a specific timetable in order to examine the adjustment effom of that Member Stare .
In such a case , the Council may request the Member State concerned to submit reports in accordance with a specific timetable in order to examine the adjustment effom of that Member Stare .
The rights to bring actions provided for in Articles 169 and 170 may not be exercised within the framework of paragraphs 1 to 9 of this Article .
The rights to bring actions provided for in Articles 169 and 170 may not be exercised within the framework of paragraphs 1 to 9 of this Article .
As long as a Member State fails W comply with a decision taken in accordance with paragraph 9 , the Council may decide to apply or , as the case may be , intensify one o r more of the following measures :
As long as a Member State fails W comply with a decision taken in accordance with paragraph 9 , the Council may decide to apply or , as the case may be , intensify one o r more of the following measures :
- or ,
- or ,
alternatively , the excess over the reference value is only exceptional and temporaly and the ratio remains close to the reference value ;
alternatively , the excess over the reference value is only exceptional and temporaly and the ratio remains close to the reference value ;
( b ) whether the ratio of government debt to gross domestic product exceeds a reference value , unless the ratio is sufficiently diminishing and approaching the reference value at a satisfactoly pace .
( b ) whether the ratio of government debt to gross domestic product exceeds a reference value , unless the ratio is sufficiently diminishing and approaching the reference value at a satisfactoly pace .
The reference values are specified in the Protocol on the excessive deficit procedure annexed to this Treaty .
The reference values are specified in the Protocol on the excessive deficit procedure annexed to this Treaty .
If a Member State does not fulfil the requirements under one or both of these criteria , the Commission shall prepare a report .
If a Member State does not fulfil the requirements under one or both of these criteria , the Commission shall prepare a report .
The report of the Commission shall also take into account whether the government deficit exceeds government investment expenditure and take into account all other relevant factors , including the medium term economic and budgetaly position of the Member State .
The report of the Commission shall also take into account whether the government deficit exceeds government investment expenditure and take into account all other relevant factors , including the medium term economic and budgetaly position of the Member State .
The Commission may also prepare a report if , notwithstanding the fulfilment of the requirements under the criteria , it is of the opinion that there is a risk of an excessive deficit in a Member State .
The Commission may also prepare a report if , notwithstanding the fulfilment of the requirements under the criteria , it is of the opinion that there is a risk of an excessive deficit in a Member State .
The Committee provided for in Anicle 109c shall formulate an opinion on the report of the Commission .
The Committee provided for in Anicle 109c shall formulate an opinion on the report of the Commission .
- to require the Member State concerned to publish additional information , to be specified by the Council , before issuing bonds and securities ;
- to require the Member State concerned to publish additional information , to be specified by the Council , before issuing bonds and securities ;
- to invite the European Investment Bank to reconsider its lending policy towards Member State concerned ;
- to invite the European Investment Bank to reconsider its lending policy towards Member State concerned ;
- to require the Member State concerned to make a non-interest-bearing deposit of an appropriate size with the Community until the excessive deficit has , in the view of the Council , been corrected ;
- to require the Member State concerned to make a non-interest-bearing deposit of an appropriate size with the Community until the excessive deficit has , in the view of the Council , been corrected ;
- to impose fines of an appropriate size The President of the Council shall inform the European Parliament of the decisions taken .
- to impose fines of an appropriate size The President of the Council shall inform the European Parliament of the decisions taken .
The Council shall abrogate some or all of its decisions referred to in paragraphs 6 to 9 and 11 to the extent that the excessive deficit in the Member State concerned has , in the view of the Council , been corrected .
The Council shall abrogate some or all of its decisions referred to in paragraphs 6 to 9 and 11 to the extent that the excessive deficit in the Member State concerned has , in the view of the Council , been corrected .
If the Council has previously made public recommendations , it shall , as soon as the decision under paragraph 8 has been abrogated , make a public statement that an excessive deficit in the Member State concerned no longer exists .
If the Council has previously made public recommendations , it shall , as soon as the decision under paragraph 8 has been abrogated , make a public statement that an excessive deficit in the Member State concerned no longer exists .
If the Commission considers that an excessive deficit in a Member State exists or may occur , the Commission shall address an opinion to the Council .
If the Commission considers that an excessive deficit in a Member State exists or may occur , the Commission shall address an opinion to the Council .
The Council shall , acting by a qualified majority on a recommendation from the Commission , and having considered any observations which the Member State concerned may wish to make , decide after an overall assessment whether an excessive deficit exists .
The Council shall , acting by a qualified majority on a recommendation from the Commission , and having considered any observations which the Member State concerned may wish to make , decide after an overall assessment whether an excessive deficit exists .
N o C 191/14
N o C 191/14
When taking the decisions referred t in parao graphs 7 to 9 , 11 and 12 , the Council shall act on a recommendation from the Commission by a majority of WO thirds of the votes of iu members weighted in accordance with Article 148 ( 2 ) , excluding the votes of the representative of the Member State concerned .
When taking the decisions referred t in parao graphs 7 to 9 , 11 and 12 , the Council shall act on a recommendation from the Commission by a majority of WO thirds of the votes of iu members weighted in accordance with Article 148 ( 2 ) , excluding the votes of the representative of the Member State concerned .
Funher provisions relating to the implementation of the procedure described in this Article are set out in the Protocol on the excessive deficit procedure annexed to this Treaty .
Funher provisions relating to the implementation of the procedure described in this Article are set out in the Protocol on the excessive deficit procedure annexed to this Treaty .
The ECB shall be consulted :
The ECB shall be consulted :
- on any proposed Community act in its fields of competence ;
- on any proposed Community act in its fields of competence ;
- by national authorities regarding any draft legislative provision in iu fields of competence , but within the limits and under the conditions set out by the Council in accordance with the procedure laid down in Article 106 ( 6 ) .
- by national authorities regarding any draft legislative provision in iu fields of competence , but within the limits and under the conditions set out by the Council in accordance with the procedure laid down in Article 106 ( 6 ) .
The ECB may submit opinions to the appropriate Community institutions or bodies o r to national authorities on matters in its fields of competence .
The ECB may submit opinions to the appropriate Community institutions or bodies o r to national authorities on matters in its fields of competence .
The ESCB shall contribute to the smooth conduct of policies pursued by the competent authorities relating to the prudential supervision of credit institutions and the stability of the financial system .
The ESCB shall contribute to the smooth conduct of policies pursued by the competent authorities relating to the prudential supervision of credit institutions and the stability of the financial system .
The Council may , acting unanimously on a proposal from the Commission and after consulting the ECB and after receiving the assent of the European Parliament , confer upon the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions and other financial institutions with the exception of insurance undertakings .
The Council may , acting unanimously on a proposal from the Commission and after consulting the ECB and after receiving the assent of the European Parliament , confer upon the ECB specific tasks concerning policies relating to the prudential supervision of credit institutions and other financial institutions with the exception of insurance undertakings .
The Council shall , acting unanimously on a proposal from the ~ ommisGon and after consulting the European Parliament and the ECB , adopt the appropriate provisions which shall then replace the said Protocol .
The Council shall , acting unanimously on a proposal from the ~ ommisGon and after consulting the European Parliament and the ECB , adopt the appropriate provisions which shall then replace the said Protocol .