natgillin/translations-raw huggingface dataset:
The proceeds of the liquidation described in Article 23.4 shall be distributed to the national central banks in accordance with the key referred to in Article 16.2 .
The proceeds of the liquidation described in Article 23.4 shall be distributed to the national central banks in accordance with the key referred to in Article 16.2 .
The Council of the EM1 may take the measures necessary for the application of Articles 23.4 and 23.5 .
The Council of the EM1 may take the measures necessary for the application of Articles 23.4 and 23.5 .
Upon the establishment of the ECB , the President of the EM1 shall relinquish his office .
Upon the establishment of the ECB , the President of the EM1 shall relinquish his office .
The EM1 shall be legally committed to third parties by the President or the Vice-President or by the signatures of two members of the staff of the EM1 who have been duly authorized by the President W sign on behalf of the EMI .
The EM1 shall be legally committed to third parties by the President or the Vice-President or by the signatures of two members of the staff of the EM1 who have been duly authorized by the President W sign on behalf of the EMI .
Liquidation of thc EM1 23.1 .
Liquidation of thc EM1 23.1 .
In accordance with Article 1091 of this Treaty , the EM1 shall go inw liquidation on the establishment of the ECB .
In accordance with Article 1091 of this Treaty , the EM1 shall go inw liquidation on the establishment of the ECB .
All asrerr and liabiliries of the EM1 shall then pass auwmatidly W the ECB .
All asrerr and liabiliries of the EM1 shall then pass auwmatidly W the ECB .
The latter s h d liquidate the EM1 according m the provisions of this A k l e .
The latter s h d liquidate the EM1 according m the provisions of this A k l e .
The liquidation shall be completed by the beginning of the third suge .
The liquidation shall be completed by the beginning of the third suge .
PROTOCOL on thc a c & e THE HIGH CONlXACnNG PARTIES , M t ppmcedor .
PROTOCOL on thc a c & e THE HIGH CONlXACnNG PARTIES , M t ppmcedor .
DESIRING W lay down rhc details of rhe excessive deficit p d u r c rcfcmd Trraty csubliihing h e European Community , European Community : Article I
DESIRING W lay down rhc details of rhe excessive deficit p d u r c rcfcmd Trraty csubliihing h e European Community , European Community : Article I
in h i c k 104c of the
in h i c k 104c of the
HAVE AGREED upon h e following provisions , which shall bc annexed W the Treaty establishing the
HAVE AGREED upon h e following provisions , which shall bc annexed W the Treaty establishing the
and social security funds , to the exclusion of commercial operations , as defined in the European Synem of Integrated Economic Accounts ;
and social security funds , to the exclusion of commercial operations , as defined in the European Synem of Integrated Economic Accounts ;
in Article lOlc ( 2 ) of this
in Article lOlc ( 2 ) of this
The reference values referred Treaty arc :
The reference values referred Treaty arc :
- deficit means net borrowing as defined in the European System of Integrated Economic Accounts ;
- deficit means net borrowing as defined in the European System of Integrated Economic Accounts ;
- 3 % for the ratio of the planned or actual government deficit W gross domestic product at market prices ;
- 3 % for the ratio of the planned or actual government deficit W gross domestic product at market prices ;
- invesunent means gross fixed capital formation as defined in the European System of Integrated Economic Accounts ;
- invesunent means gross fixed capital formation as defined in the European System of Integrated Economic Accounts ;
- 60 %
- 60 %
for the ratio of government debt domestic product at market prices .
for the ratio of government debt domestic product at market prices .
gross
gross
- debt means total gross debt at nominal value outstanding at the end of the year and consolidated between and within the senors of general government as defined in the first indent .
- debt means total gross debt at nominal value outstanding at the end of the year and consolidated between and within the senors of general government as defined in the first indent .
In Anicle 104c of this Treaty and in this Protocol :
In Anicle 104c of this Treaty and in this Protocol :
- government
- government
means general government , h a t is centnl government , regional or l o u l government
means general government , h a t is centnl government , regional or l o u l government
In order W ensure rhe effectiveness of the excessive deficit procedure , the govcrnments of the Member States
In order W ensure rhe effectiveness of the excessive deficit procedure , the govcrnments of the Member States
N o C 191/85
N o C 191/85
shall be responsible under this procedure for the deficits of general government as defined in the first indent of Anicle 2 .
shall be responsible under this procedure for the deficits of general government as defined in the first indent of Anicle 2 .
T h e Member States shall ensure that national procedures in the budgctvy area enable them to meet their obligations in this area deriving from this Treaty .
T h e Member States shall ensure that national procedures in the budgctvy area enable them to meet their obligations in this area deriving from this Treaty .
The Member States shall report their planned and actual
The Member States shall report their planned and actual
deficits and the lcvels of their debt promptly and regularly to the Commission .
deficits and the lcvels of their debt promptly and regularly to the Commission .
Article 4 The statistical data to be used for the application of this Protocol shall be provided by the Commission .
Article 4 The statistical data to be used for the application of this Protocol shall be provided by the Commission .
PROTOCOL on the c o n v ~ referred to in Article 109j of the Communify
PROTOCOL on the c o n v ~ referred to in Article 109j of the Communify
Treaty establishing the European
Treaty establishing the European
THE HIGH CONTRACTING PARTIES ,
THE HIGH CONTRACTING PARTIES ,
DESIRING to lay down the dcuils of the wnvergencc cntcria which shall guide thc Community in taking decisions on the passage IO the thud nage of ewnomic and monetary union , rcfcrrcd IO in Anicle 109j ( l ) of this Treaty ,
DESIRING to lay down the dcuils of the wnvergencc cntcria which shall guide thc Community in taking decisions on the passage IO the thud nage of ewnomic and monetary union , rcfcrrcd IO in Anicle 109j ( l ) of this Treaty ,
HAVE AGREED upon the following provisions , which shall be annexed European Community :
HAVE AGREED upon the following provisions , which shall be annexed European Community :
h e Treaty establishing the
h e Treaty establishing the
Anicle 1
Anicle 1
any other Member State 's currency on its own initiative for the same period .
any other Member State 's currency on its own initiative for the same period .
T h e criterion on price stability referred to in the f i t indent of Anicle 109j ( l ) of this Treaty shall mean that a Member State has a price performance that is sustainable and an avenge rate of inflation , observed over a period of one year before the examination , that does not exceed by more than 1 Vz percentage points that of , at most , the three best performing Member States in terms of price stability .
T h e criterion on price stability referred to in the f i t indent of Anicle 109j ( l ) of this Treaty shall mean that a Member State has a price performance that is sustainable and an avenge rate of inflation , observed over a period of one year before the examination , that does not exceed by more than 1 Vz percentage points that of , at most , the three best performing Member States in terms of price stability .
Inflation shall be measured by means of the consumer price index on a comparable basis , taking into account differences in national definitions .
Inflation shall be measured by means of the consumer price index on a comparable basis , taking into account differences in national definitions .
T h e criterion on the government budgetary position refemd to in the second indent of Anicle 109j ( l ) of this Treaty shall mean that at the rime of the examination the Member State is not the subject of a Council decision under Anide 104c ( 6 ) of this Treaty that an excessive deficit exists .
T h e criterion on the government budgetary position refemd to in the second indent of Anicle 109j ( l ) of this Treaty shall mean that at the rime of the examination the Member State is not the subject of a Council decision under Anide 104c ( 6 ) of this Treaty that an excessive deficit exists .
The criterion on the convergence of interest ntes referred to in the fourth indent of Anicle 109j ( l ) of this Treaty shall mean that , observed over a period of one year before the examination , a Member State has had an avenge nominal long-term interest rate that does not exceed by more than 2 percentage points that of , at most , the three best performing Member States in terms of price stability .
The criterion on the convergence of interest ntes referred to in the fourth indent of Anicle 109j ( l ) of this Treaty shall mean that , observed over a period of one year before the examination , a Member State has had an avenge nominal long-term interest rate that does not exceed by more than 2 percentage points that of , at most , the three best performing Member States in terms of price stability .
Interest rates shall be measured on the basis of long term government bonds or comparable securities , taking into account differences in national definitions .
Interest rates shall be measured on the basis of long term government bonds or comparable securities , taking into account differences in national definitions .
Article I
Article I
The statistical data to be used for the application of this Protocol shall be provided by the Commission .
The statistical data to be used for the application of this Protocol shall be provided by the Commission .
Anicle 6
Anicle 6
The criterion on participation in the Exchange Rate Mechanism of the European Monetary Sysum referred to in the third indent of Article 109j ( l ) of this Treaty shall mean that a Member State has respecud the normal fluctuation margins provided for by the Exchange Rate Mechanism of the European Monetary System without severe tensions for at least the last two ye & before the examination .
The criterion on participation in the Exchange Rate Mechanism of the European Monetary Sysum referred to in the third indent of Article 109j ( l ) of this Treaty shall mean that a Member State has respecud the normal fluctuation margins provided for by the Exchange Rate Mechanism of the European Monetary System without severe tensions for at least the last two ye & before the examination .
In particular , the Member State shall not have devalued its currency 's bilateral central n u against
In particular , the Member State shall not have devalued its currency 's bilateral central n u against
The Council shall , acting unanimously on a proposal from the Commission and after consulting the European Parliament , the EM1 o r the ECB as the case may be , and the Committee referred to in Article 109c , adopt appropriate provisions to lay down the details of the convergence criteria referred to in Article 109j of this Treaty , which shall then replace this Protocol .
The Council shall , acting unanimously on a proposal from the Commission and after consulting the European Parliament , the EM1 o r the ECB as the case may be , and the Committee referred to in Article 109c , adopt appropriate provisions to lay down the details of the convergence criteria referred to in Article 109j of this Treaty , which shall then replace this Protocol .
N o C 191186
N o C 191186
THE HIGH CONTRACTING PARTIES , CONSIDERING hat , in accordance with Arricle 40 of rhc Statuv of rhc European Sysvm of Ccnual Banks and of rhc European Central Bank and Arriclc 21 of rhc Statuv of rhc European Monetary Instituv , rhc European Ccnual Bank and the European Monetary Inslituv shall enjoy in rhe vrritorics of the Member Stares such privilcgcs and immuniues a arc ncccssuy for the performance of their tasks , s HAVE AGREED upon the following provisions , which shall bc annexed to the T n t y cstablishing rhc European Commumty :
THE HIGH CONTRACTING PARTIES , CONSIDERING hat , in accordance with Arricle 40 of rhc Statuv of rhc European Sysvm of Ccnual Banks and of rhc European Central Bank and Arriclc 21 of rhc Statuv of rhc European Monetary Instituv , rhc European Ccnual Bank and the European Monetary Inslituv shall enjoy in rhe vrritorics of the Member Stares such privilcgcs and immuniues a arc ncccssuy for the performance of their tasks , s HAVE AGREED upon the following provisions , which shall bc annexed to the T n t y cstablishing rhc European Commumty :
Sole Anick The Protocol o n the Privileges and Immunities of the European Communities , annexed to the Treaty establishing a Single Council and a Single Commission of the European Communities , shall be s u p p l e m e n d by the following provisions :
Sole Anick The Protocol o n the Privileges and Immunities of the European Communities , annexed to the Treaty establishing a Single Council and a Single Commission of the European Communities , shall be s u p p l e m e n d by the following provisions :
Xrticle 23 This Prowcol shall also apply to the European Cenual Bank , to the members of its organs and to its staff , without prejudice W the provisions of the Protocol on the Statute of the European System of C e n m l Banks and the European Cenual Bank .
Xrticle 23 This Prowcol shall also apply to the European Cenual Bank , to the members of its organs and to its staff , without prejudice W the provisions of the Protocol on the Statute of the European System of C e n m l Banks and the European Cenual Bank .
The European Central Bank shall , in addition , be exempt frdm any form of taxation o r imposition of a like nature o n the occasion of any increase in its capital and from the various formalities which may be connened therewith in the State where the bank has its seat .
The European Central Bank shall , in addition , be exempt frdm any form of taxation o r imposition of a like nature o n the occasion of any increase in its capital and from the various formalities which may be connened therewith in the State where the bank has its seat .
The activities of the Bank and of its organs carried o n in accordance with the Statute of the European System of Central Banks and of the European Central Bank shall not be subject to any turnover tax .
The activities of the Bank and of its organs carried o n in accordance with the Statute of the European System of Central Banks and of the European Central Bank shall not be subject to any turnover tax .
The above provisions shall also apply t o the European Monetaly Institute .
The above provisions shall also apply t o the European Monetaly Institute .
IIS dissolution o r liquidauon shall not give rise to any imposition .'
IIS dissolution o r liquidauon shall not give rise to any imposition .'
on Denmark THE HIGH CONTRACTING PARTIES , DESIRING to s d c ccnain particular problems relating to Denmark , HAVE AGREED upon the following provisions , which shall be annexed to rhc Treaty establishing the European Community : T h e provisions of Article 14 of the Protocol on the Statute of the European System of Central Banks and of the European Central Bank shall not affect the right of the National Bank of Denmark to carly out its existing tasks concerning those parts of the Kingdom of Denmark which arc not p a n of the Community .
on Denmark THE HIGH CONTRACTING PARTIES , DESIRING to s d c ccnain particular problems relating to Denmark , HAVE AGREED upon the following provisions , which shall be annexed to rhc Treaty establishing the European Community : T h e provisions of Article 14 of the Protocol on the Statute of the European System of Central Banks and of the European Central Bank shall not affect the right of the National Bank of Denmark to carly out its existing tasks concerning those parts of the Kingdom of Denmark which arc not p a n of the Community .
on Pomgal THE HIGH CONTRACTING PARTIES , DESIRING to scrrlc ceruin particular problems relating to Portugal , HAVE AGREED upon rhc following provisions , which shall be annexed to rhc Treaty cstablish ~ ingrhe Europcan Community :
on Pomgal THE HIGH CONTRACTING PARTIES , DESIRING to scrrlc ceruin particular problems relating to Portugal , HAVE AGREED upon rhc following provisions , which shall be annexed to rhc Treaty cstablish ~ ingrhe Europcan Community :
No C 191/87
No C 191/87
Ponugd is hereby authorized to maintain the facility afforded to the Autonomous Regions
Ponugd is hereby authorized to maintain the facility afforded to the Autonomous Regions
of Azores and Madeira to benefit from an interest-free credit facility with the Banm de Ponugal under the terms established by existing Ponuguese law .
of Azores and Madeira to benefit from an interest-free credit facility with the Banm de Ponugal under the terms established by existing Ponuguese law .
Ponugal commiu itself to pursue its best endeavours in order W
Ponugal commiu itself to pursue its best endeavours in order W
put an end
put an end
abovementioned facility as soon as possible .
abovementioned facility as soon as possible .
on the mnsition to the third THE HIGH CONlXACTING PARTIES ,
on the mnsition to the third THE HIGH CONlXACTING PARTIES ,
stage
stage
of Economic md Monetary Union
of Economic md Monetary Union
Declare the irreversible character of the Community 's movement to the third stage of Economic and Monetary Union by signing the new Treaty provisions on Economic and Monetary Union .
Declare the irreversible character of the Community 's movement to the third stage of Economic and Monetary Union by signing the new Treaty provisions on Economic and Monetary Union .
Therefore all Member States shall , whnher they fulfil the necessary conditions for the adoption of a single currency o r not , respect the will for the Community to enter swiftly into the third stage , and therefore no Member State shdl prevent the entering into the third stage .
Therefore all Member States shall , whnher they fulfil the necessary conditions for the adoption of a single currency o r not , respect the will for the Community to enter swiftly into the third stage , and therefore no Member State shdl prevent the entering into the third stage .
If by the end of 1997 the date of the beginning of the third stage has not been set , the Member States concerned , the Community institutions and other bodies involved shall expedite all preparatory work during 1998 , in order to enable the Community to enter the third stage o irrevocably on 1 January 1999 and t enable the ECB and the ESCB to start their full functioning from this date .
If by the end of 1997 the date of the beginning of the third stage has not been set , the Member States concerned , the Community institutions and other bodies involved shall expedite all preparatory work during 1998 , in order to enable the Community to enter the third stage o irrevocably on 1 January 1999 and t enable the ECB and the ESCB to start their full functioning from this date .
This Protocol shall be annexed to
This Protocol shall be annexed to
the Treaty establishing the European Community
the Treaty establishing the European Community
PROTOCOL on a &
PROTOCOL on a &
p r o v h i n && g
p r o v h i n && g
to the United
to the United
Kiagdom of GIUI Britain and Norrhern k h d
Kiagdom of GIUI Britain and Norrhern k h d
THE HlGH CONlXACTING PARTIES .
THE HlGH CONlXACTING PARTIES .
o RECOGNIZING that the United Kingdom shall not bc obliged or committed t move m rhc bird sugc of Economic and Monetary Union without a separate decision m do so by its government and Puliamcnr ,
o RECOGNIZING that the United Kingdom shall not bc obliged or committed t move m rhc bird sugc of Economic and Monetary Union without a separate decision m do so by its government and Puliamcnr ,
NOTING rhc practice of rhc government of the United Kingdom to fund its borrowing mquircmcnr by rhc sslc of debt to the privau senor ,
NOTING rhc practice of rhc government of the United Kingdom to fund its borrowing mquircmcnr by rhc sslc of debt to the privau senor ,
HAVE AGREED rhc following pmvisionr , which shall bc anncxcd m rhc Treaty csublishing rhc European Community : 1 .
HAVE AGREED rhc following pmvisionr , which shall bc anncxcd m rhc Treaty csublishing rhc European Community : 1 .
The United Kingdom shall notify the Council whether it intends to move to the third stage before the Council makes its assessment under Article 109j ( 2 ) of this Treaty .
The United Kingdom shall notify the Council whether it intends to move to the third stage before the Council makes its assessment under Article 109j ( 2 ) of this Treaty .
Unless the United Kingdom notifies the Council & at it intends to move to the third stage , it shall be under no obligation to do so .
Unless the United Kingdom notifies the Council & at it intends to move to the third stage , it shall be under no obligation to do so .
If no date is m for the beginning of the t h i i stage under Article 109j ( 3 ) of this Treaty , the United Kingdom may notify its intention to move W the third stage before 1 January 1998 .
If no date is m for the beginning of the t h i i stage under Article 109j ( 3 ) of this Treaty , the United Kingdom may notify its intention to move W the third stage before 1 January 1998 .
No C 191/88
No C 191/88
Paragraphs 3 W 9 shall have effect if the United Kingdom notifies the Council that it does not intend to move to the third stage .
Paragraphs 3 W 9 shall have effect if the United Kingdom notifies the Council that it does not intend to move to the third stage .
The United Kingdom shall not be included among the majority of Member States which fulfil the necessary conditions referred to in the second indent of Article 109j ( 2 ) and the first indent of Article 109j ( 3 ) of this Treaty .
The United Kingdom shall not be included among the majority of Member States which fulfil the necessary conditions referred to in the second indent of Article 109j ( 2 ) and the first indent of Article 109j ( 3 ) of this Treaty .
The United Kingdom shall retain its powers in the field of monetary policy according to national law .
The United Kingdom shall retain its powers in the field of monetary policy according to national law .
Articles 3a ( 2 ) , 104c ( l ) , ( 9 ) and ( [ l ) , 105 ( 1 ) W ( S ) , 105a , 107 , 108 , 108a , 109 , 109a ( l ) and ( 2 )( b ) and 1091 ( 4 ) and ( 5 ) of this Treaty shall not apply W the United Kingdom .
Articles 3a ( 2 ) , 104c ( l ) , ( 9 ) and ( [ l ) , 105 ( 1 ) W ( S ) , 105a , 107 , 108 , 108a , 109 , 109a ( l ) and ( 2 )( b ) and 1091 ( 4 ) and ( 5 ) of this Treaty shall not apply W the United Kingdom .
In these provisions references W the Community o r the Member States shall not include the United Kingdom and references W national central banks shall not include the Bank of England .
In these provisions references W the Community o r the Member States shall not include the United Kingdom and references W national central banks shall not include the Bank of England .
Articles 109e ( 4 ) and 109h and i of this Treaty shall continue to apply to the United Kingdom .
Articles 109e ( 4 ) and 109h and i of this Treaty shall continue to apply to the United Kingdom .
Articles 109c ( 4 ) and 109m shall apply to the United Kingdom as if it had a derogation .
Articles 109c ( 4 ) and 109m shall apply to the United Kingdom as if it had a derogation .
The voting rights of the United Kingdom shall be suspended in respect of actc of the Council referred to in the Articles listed in paragraph S. For this purpose the weighted votes of the United Kingdom shall be excluded from any calculation of a qualified majority under Article 109k ( S ) of this Treaty .
The voting rights of the United Kingdom shall be suspended in respect of actc of the Council referred to in the Articles listed in paragraph S. For this purpose the weighted votes of the United Kingdom shall be excluded from any calculation of a qualified majority under Article 109k ( S ) of this Treaty .