natgillin/translations-raw huggingface dataset:
With regard to the option that is linked to an outflow of the shareholder base, the Commission will refer to the lowest number of individual shareholders during the period when an advantage was created (starting from 10 October 2008) which is another conservative assumption, and attribute to those shareholders the average share of capital of that year.
Glej opombo 1.
With regard to the option linked to the outflow of capital the Commission will also refer to the year with the lowest amount of capital.
Skupina ARCO je podrobneje opisana v uvodnih izjavah od 38 do 44.
The Commission also takes into account that the advantage of the measure was partially diminished by the fact that ARCO, as constituted by the three legal entities ARCOPAR, ARCOFIN and ARCOPLUS, had to pay a one-off entry fee and a guarantee fee for one year, even though those payments only took place in the autumn of 2011, just before ARCO filed for liquidation.
Glej (http://www.dekamer.be/kvvcr/pdf_sections/comm/dexia/N031_20120125reynders.pdf) – Zapisnik zasedanja komisije za Dexio, zaslišanje 25. januarja 2012 z ministrom Reyndersom, str. 7 in 32; navedeni zapisnik se glasi:
The advantage obtained by the measure is hence the lower amount resulting from the following two calculations:
„… leta 2008 je skupina članov vlade skupaj pozvala državo, naj posreduje v družbah Arco in Ethias.
10 % of the capital of the year with the lowest capital in the period from 10 October 2008 until 8 December 2011 minus the total amount of fees already paid;
Glede na prisotnost krize se je vlada 10. oktobra 2008 in 21. januarja 2009 zavezala zaščititi vplačani kapital posameznih delničarjev v finančnih zadrugah... s politično odločitvijo, na neki točki sem zato ugotovil, da niti tedanji predsednik vlade niti jaz sam ne morem doseči dogovora z našimi sogovorniki [pro memoria: drugi dve zadevni državi članici v zadevi Dexia sta bili Francija in Luksemburg] in vodstvom družbe Dexia, če se hkrati ne bi sprejele nobene odločitve o družbah Arco in Ethias...
and (b) 10 % of the lowest number of shareholders in the period of 10 October 2008 until 8 December 2011 multiplied by the average share of capital per shareholder of the same year minus the total amount of fees already paid.
Zato smo to zavezo sprejeli do posameznih delničarjev v finančnih zadrugah...
In absolute terms, the likelihood of investors withdrawing capital grows over time, making it more difficult to calculate the interest that has to be paid for the advantage received.
Zakaj v treh fazah in po veliko časa?
In order to allow the entirety of the advantage obtained by ARCO to be eliminated while at the same time allowing the Member State to have a workable method by which the recovery interest can be calculated [96], the Commission considers that the entirety of the advantage was fully available at least as of 8 December 2011, and requests that the sums to be recovered bear interest from 8 December 2011 until their actual recovery.
Ker smo morali to politično soglasje najprej prenesti v pravni instrument.“ ( „…en 2008, des membres du gouvernement sont intervenus en Conseil restreint afin de demander à lEtat dintervenir pour Ethias et pour ARCO.
In order to be able to verify the aid calculations, the Commission requests Belgium to provide the Commission with a list of the numbers of shareholders of ARCOPAR, ARCOFIN and ARCOPLUS respectively for the period from 10 October 2008 until 8 December 2011, as registered at the end of each year.
Compte tenu de la situation de crise dans laquelle on était, le gouvernement sest engagé le 10 octobre 2008 et le 21 janvier 2009 à protéger la part de capital des coopérateurs personnes physiques dans des sociétés coopératives […] dans une décision politique, jai donc bien compris à un moment donné que je ne pourrais pas – et le premier ministre aussi à lépoque – boucler laccord avec nos collègues [pro memoria: Francija in Luksemburg sta bili drugi dve zadevni državi članici v zadevi Dexia] et avec la direction de Dexia – si en même temps, il ny avait pas des décisions prises sur Ethias et sur ARCO. […] Donc, pour les coopérateurs des coopératives, nous avions pris cet engagement […].
In their additional comments submitted more than a year and a half after the deadline for submitting comments on the decision to open the procedure, the Belgian authorities did not provide any new information on the substance of the case.
Alors pourquoi en trois étapes et pourquoi avec pas mal de temps?
They claim that the Commission may not prohibit the payment of guarantees granted to individual shareholders, may not require the State to suspend any payment under the cooperative guarantee scheme and may not recover payments made under that scheme to individual shareholders
Parce quil a dabord fallu faire en sorte que cet accord politique puisse se traduire dans un texte“.
(1 38) In support of their arguments the Belgian authorities noted that the individual shareholders were not undertakings within the meaning of Article 107(1) of the Treaty and considered that the payment of the guarantee to individual shareholders would have no impact on ARCO or the likelihood of the Belgian State recovering the aid.
V članku, ki je bil 15. maja 2014 objavljen v reviji Trends in je na voljo tudi na njeni spletni strani, je citirana naslednja izjava ministra: „med prvo krizo Dexie smo konec septembra 2008 pozvali družbe Holding Communal, ARCO in Ethias k sodelovanju pri povečanju kapitala, za katerega niso imele denarja.
In reply the Commission pointed out that the sums to be recovered under this Decision were indeed aid to ARCO.
Delničarji družb ARCO in Ethias so potrebovali jamstvo, sicer bi dvignili svoje prihranke.
The Commission further stated that the fact of finding that aid granted by a State was incompatible with the single market under Article 108(2) of the Treaty was sufficient to justify ordering the State to abolish that aid [97].
To bi povzročilo stečaj družbe ARCO.
The Belgian authorities therefore could not claim that the prohibition on paying a guarantee deemed to be incompatible aid was contrary to Union law.
Jamstvo je treba obravnavati glede na takratne okoliščine: ARCO, Ethias in Holding Communal so morali sodelovati pri povečanju kapitala Dexie, ker ni bilo druge rešitve.
They were therefore obliged to comply with the order contained in the decision to open the procedure to suspend implementation of the measure in question, and therefore not make any payment.
To je bilo leta 2008 […] Zvezna vlada je s petimi političnimi strankami zagotovila državno jamstvo.
It is therefore also justified that Belgium should continue to abstain from making any payment under the aid measure.
Tako varčevalci družbe ARCO niso dvignili svojega denarja, saj so menili: Še naprej moramo zagotavljati podporo, če pa bo šlo kaj narobe, imamo varnostno mrežo“. ( „Eind september 2008, bij de eerste Dexia-crisis, werd aan de Gemeentelijke Holding, Arco en Ethias gevraagd om deel te nemen aan een kapitaalverhoging waarvoor ze het geld niet hadden.
The Commission finds that the cooperative guarantee scheme constitutes State aid in favour of ARCOPAR, ARCOFIN and ARCOPLUS that Belgium has unlawfully implemented in breach of Article 108(3) of the Treaty on the Functioning of the European Union.
De achterban van onder andere Arco en Ethias had waarborgen nodig, anders zouden ze hun spaargeld weghalen.
The Belgian State should withdraw the legislation underlying the cooperative guarantee scheme (in particular the Law of 14 April 2009 and the Royal Decree of 10 October 2011) and should recover the advantage from ARCOPAR, ARCOFIN and ARCOPLUS,
Dat had het faillissement van Arco betekend.
HAS ADOPTED THIS DECISION:
Die waarborg heeft dus veel te maken met de context van dat moment.
Article 1
Arco, Ethias en de Gemeentelijke Holding waren verplicht om mee te gaan in de kapitaalverhoging van Dexia, omdat er geen andere oplossing was.
The guarantee scheme unlawfully adopted by Belgium for the financial cooperatives of ARCO, and in particular ARCOFIN, ARCOPLUS and ARCOPAR, in breach of Article 108(3) of the Treaty on the Functioning of the European Union is incompatible with the internal market.
Dat was 2008. […] Op dat moment kende de federale wetgever — met vijf partijen — een overheidswaarborg toe.
Article 2
Het resultaat was dat de Arcospaarders hun geld lieten staan.
Belgium shall recover the incompatible aid referred to in Article 1 from the beneficiaries at the lower amount resulting from the following two calculations:
Ze dachten: we moeten blijven steunen, en als het misloopt is er een vangnet“.)
10 % of the lowest number of shareholders in the period from 10 October 2008 until 8 December 2011 multiplied by the average share of capital per shareholder of the same year minus the total amount of fees already paid.
Produkt življenjskega zavarovanja „kategorije 21“ je opredeljen v točki 21 priloge I h kraljevemu odloku o nadzoru zavarovalnic in se nanaša na zavarovalniške produkte, ki niso povezani z investicijskim skladom (v nasprotju s produkti življenjskega zavarovanja „kategorije 23“).
The sums to be recovered shall bear interest from 8 December 2011 until their actual recovery.
Proizvodi „kategorije 21“ načeloma nudijo zagotovljen donos naložbe, ki ga je mogoče povečati s sodelovanjem v naložbenih rezultatih zavarovalnice.
The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004 of 21 April 2004 implementing Council Regulation (EC) No 659/1999 laying down detailed rules for the application of Article 93 of the EC Treaty [98].
Sporočilo za javnost vsebuje naslednji odstavek:
Belgium shall continue to refrain from making any payments under the scheme referred to in Article 1 with effect from the date of notification of this decision.
Prejšnja vlada je odstopila 18. decembra 2008 in nova vlada je 30. decembra 2008 začela svoj mandat.
Article 3
V navedenem sporočilu za javnost je belgijska vlada ponovila svojo zavezo, da bo uvedla zadružno jamstveno shemo:
Belgium shall terminate the aid measure referred to in Article 1 as the measure is incompatible with the internal market.
„Vlada potrjuje zaveze, ki jih je sprejela prejšnja vlada, da bo delničarjem priznanih zadrug ponudila jamstveno shemo.“ ( „le gouvernment confirme lengagement pris par le gouvernement précédent doffrir un régime de garantie aux associés des sociétés coopératives agréées“).
Recovery of the aid referred to in Article 1 shall be immediate and effective.
Sporočilo za javnost je vsebovalo tudi tehnične podrobnosti o zadružni jamstveni shemi.
Belgium shall ensure that this decision is implemented within four months following the date of notification of this Decision.
Družba ArgenCo je v svojem prospektu o delnicah zadruge z dne 5. oktobra 2010 (stran 4) pojasnila: „delnic zadruge ni mogoče šteti za dolžniške instrumente, ki jih je izdala kreditna institucija, ali za vloge.
Article 4
Zato te delnice niso zajete v nobenem sistemu zajamčenih vlog“.
Within two months following notification of this Decision, Belgium shall submit the following information to the Commission:
Zadruga Lanbokas/Agricaisse je na šesti strani svojega prospekta z dne 15. maja 2009 navedla podobno sporočilo, in sicer je navedla, da bi morali kupci delnic zadrug upoštevati odsotnost zaščite sistema zajamčenih vlog.
a detailed description of the measures already taken and planned to ensure compliance with this Decision;
Moniteur Belge, 17.10.2008, Ed.
documents demonstrating that the beneficiary has been ordered to repay the aid.
2, N. 2008 – 3690 [2008/03425].
Belgium shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 1 has been completed.
Moniteur Belge, 17.11.2008, Ed.
It shall immediately submit, on simple request by the Commission, information on the measures already taken and planned to comply with this Decision.
2, N. 2008 – 4088 [2008/03450].
It shall also provide detailed information concerning the amounts of aid and recovery interest already recovered from the beneficiary.
Moniteur Belge, 21.4.2009, Ed.
This Decision is addressed to the Kingdom of Belgium.
Moniteur Belge, 12.10.2011, Ed.
Done at Brussels, 3 July 2014.
2, N. 2011 2682 [2011/205241].
For the Commission
Po uvedbi zadružne jamstvene sheme je bil zakon o organizaciji NBB ustrezno spremenjen in dodan mu je bil člen 36/24 (http://www.nbb.be/doc/ts/Enterprise/juridisch/F/loi_organique.pdf).
Vice-President
„Za sedanje razmere se zdi, da so v skladu s temi pogoji, saj zaradi državne dolžniške krize, motenj na finančnih trgih in slabega delovanja medbančnih trgov naše gospodarstvo ogroža resna sistemska kriza.
OJ C 213, 19.7.2012, p. 64.
Državno jamstvo za kritje posameznih deležev nekaterih priznanih zadrug bi tako omogočilo, da se posledice takšne krize omejijo.“ ( „Les circonstances actuelles nous semblent répondre à ces conditions, en ce que la crise des dettes souveraines, les perturbations actuelles sur les marches financiers et le dysfonctionnement des marchés interbancaires font peser sur notre économie un risque grave de cette crise systémique.
The Belgian Council of State also pointed to the potential State aid character of the measure.
A cet effet, une garantie dEtat couvrante les parts des coopérateurs de certaines sociétés coopératives agréées permettrait de limiter les effets de cette crise“.)
See Avis du Conseil d'Etat No 46.131/2 of 4 March 2009.
„Uradni razlog za ta ukrep temelji na analogiji med posameznimi deleži v nekaterih priznanih zadrugah in bančnimi vlogami.
OJ L 83, 27.3.1999, p. 1.
Ker je to mnenje omejeno na osnutek kraljevega odloka, ni razloga, da bi na tem mestu morali proučiti navedeno analogijo.“ ( „Le législateur justifie cette disposition sur la base dune assimilation des parts de coopérateurs de certaines sociétés coopératives à des dépôtsbancaires.
ARCO will be described in more detail in recitals 38 to 44.
„Na prvi pogled menimo, da ne bo enostavno prepričati Komisijo, da je ukrep, ki ga želi uveljaviti osnutek kraljevega odloka, odprt za vse primerljive akterje na trgu in zato ne sodi na področje uporabe pravil o državni pomoči.“ ( „Prima facie, il ne nous semble pas évident de convaincre à coup sûr la Commission de ce que la mesure que lavant-projet dArrêté royal vise à exécuter sadresse bien à tous les acteurs comparables du marché et ne relève donc pas du champ dapplication des règles sur les Aides dEtat“.)
See (http://www.dekamer.be/kvvcr/pdf_sections/comm/dexia/N031_20120125reynders.pdf) — Transcripts Dexia Commission — hearing of 25 January 2012 with Minister Reynders, page 7 and 32;
„Neobveznost sheme lahko privede do,negativne selekcije, saj naj bi bile lahko samo zadruge, ki dejansko prispevajo v posebni zaščitni sklad, tiste z veliko izpostavljenostjo tveganju izgube.“ ( „Ce caractère facultatif donne lieu à un risque de sélection adverse par lequel seules les sociétés coopératives fortement exposées à des risques de perte contribueraient effectivement au Fonds Spécial de Protection“.
Those transcripts read as follows:‘… in 2008 a core group of members of the government worked together to urge the State to intervene on Ethias and Arco.
Moniteur Belge, 18.11.2011 Ed.
In view of the prevailing crisis, the government committed itself, on 10 October 2008 and 21 January 2009, to protecting the paid-up capital of individual shareholders in financial cooperatives… by a political decision, at some point I therefore realised that neither the Prime Minister at the time nor I could reach an agreement with our counterparts [pro memoria: France and Luxembourg were the other Member States concerned in the Dexia-file] and with Dexia's management if no decisions were taken on Ethias and Arco at the same time… We therefore made this commitment to individual shareholders in financial cooperatives… Why in three stages and after quite a lot of time?
2, N. 2011 2974 [2011/03368].
Because we first had to translate this political agreement into a legal instrument’. ( ‘…en 2008, des membres du gouvernement sont intervenus en Conseil restreint afin de demander à l'Etat d'intervenir pour Ethias et pour ARCO.
ARCOPAR je plačal 1794102 EUR, ARCOFIN 193391 EUR in ARCOPLUS 63265 EUR.
Compte tenu de la situation de crise dans laquelle on était, le gouvernement s'est engagé le 10 octobre 2008 et le 21 janvier 2009 à protéger la part de capital des coopérateurs personnes physiques dans des sociétés coopératives… dans une décision politique, j'ai donc bien compris à un moment donné que je ne pourrais pas — et le premier ministre aussi à l'époque — boucler l'accord avec nos collègues [pro memoria: France and Luxembourg were the other Member States concerned in the Dexia-file] et avec la direction de Dexia — si en même temps, il n'y avait pas des décisions prises sur Ethias et sur ARCO. …, Donc, pour les coopérateurs des coopératives, nous avions pris cet engagement ….
UL L 135, 31.5.1994, str. 5.
Alors pourquoi en trois étapes et pourquoi avec pas mal de temps?
V členu 1(4) direktive o sistemih zajamčenih vlog je „kreditna institucija“ opredeljena kot „podjetje, ki se ukvarja s sprejemanjem vlog in drugih vračljivih sredstev od javnosti ter z odobravanjem kreditov za lastni račun“.
Parce qu'il a d'abord fallu faire en sorte que cet accord politique puisse se traduire dans un texte’.
V členu 1(1) direktive o sistemih zajamčenih vlog je „vloga“ opredeljena kot „kakršen koli pozitivni saldo, ki je posledica sredstev, ostalih na računu, ali začasnih stanj, ki so posledica običajnih bančnih transakcij in jih mora kreditna institucija vrniti po veljavnih pravnih in pogodbenih pogojih, ter kakršen koli dolg, evidentiran s potrdilom, ki ga je izdala kreditna institucija“.
In an article published in the magazine Trends of 15 May 2014, and also available on its website, the minister is quoted as saying ‘at the end of September 2008, during the first Dexia crisis, we asked Holding Communal, ARCO and Ethias to participate in a capital increase for which they did not have the money.
Depozitna tranša v višini od 50000 EUR do 100000 EUR ter kritje do 100000 EUR za produkte življenjskega zavarovanja kategorije 21 in posamezne deleže v finančnih zadrugah.
The people behind ARCO and Ethias needed a guarantee, otherwise they would have withdrawn their savings.
http://www.consilium.europa.eu/ueDocs/cms_Data/docs/pressData/en/ecofin/103250.pdf.
That would have bankrupted ARCO.
Člen 2 direktive o sistemih zajamčenih vlog se glasi:
The guarantee has to be seen in the context of the time: ARCO, Ethias and Holding Communal were obliged to participate in raising Dexia's capital because there was no other solution.
„Naslednje vloge so izključene iz kakršnega koli vračila prek jamstvenih sistemov: …vsi instrumenti, ki spadajo pod opredelitev ‚lastna sredstva‘ iz člena 2 Direktive Sveta 89/299/EGS z dne 17. aprila 1989 o lastnih sredstvih kreditnih institucij“.
It was 2008…The federal government — with five political parties — gave a government guarantee.
UL L 68, 13.3.2009, str. 3.
So the ARCO savers did not withdraw their money, thinking “We have to keep on providing support, and if things go wrong there's a safety net”. ’ ( ‘Eind september 2008, bij de eerste Dexia-crisis, werd aan de Gemeentelijke Holding, Arco en Ethias gevraagd om deel te nemen aan een kapitaalverhoging waarvoor ze het geld niet hadden.
UL L 84, 26.3.1997, str. 22.
De achterban van onder andere Arco en Ethias had waarborgen nodig, anders zouden ze hun spaargeld weghalen.
Moniteur Belge, 6.8.1999, Ed.
Dat had het faillissement van Arco betekend.
2, N. 99–2630 [99/09646].
Die waarborg heeft dus veel te maken met de context van dat moment.
http://www.ejustice.just.fgov.be/cgi_loi/loi_a.pl?language=nl&caller=list&cn=1962010830&la=n&fromt ab = wet&sql = dt=koninklijk%20besluit&tri = dd+as+rank&rech=1&numero=1.
Arco, Ethias en de Gemeentelijke Holding waren verplicht om mee te gaan in de kapitaalverhoging van Dexia, omdat er geen andere oplossing was.
Državni svet za zadruge, ustanovljen z zakonom z dne 20. julija 1955, igra pomembno vlogo v postopku priznanja zadrug.
Dat was 2008. […] Op dat moment kende de federale wetgever — met vijf partijen — een overheidswaarborg toe.
V istem členu zakonika o davkih so našteti drugi finančni produkti, prihodki od katerih so prav tako delno ali v celoti oproščeni pri viru odtegnjenega davka.
Het resultaat was dat de Arcospaarders hun geld lieten staan.
Vir: Entreprendre avec du capital coopératif:
Ze dachten: we moeten blijven steunen, en als het misloopt is er een vangnet.’).
Le Groupe ARCO 1935–2005;
A ‘branch 21’ life insurance product is defined in point 21 of Annex I to the Royal Decree on the supervision of insurance companies and relates to those insurance products which are not linked to an investment fund (as opposed to ‘branch 23’ life insurance products).
Maarten Van Dijck, Kadoc, Lannoo, strani 176–177.
‘Branch 21’ products offer in principle a guaranteed investment return which can be increased by a participation in the investment result of the insurance company.
Opozoriti je treba, da se je družba ARCOFIN takoj po transakciji Dexie leta 2001 začasno odrekla svojemu statusu priznane zadruge.
The press release contains the following paragraph:
V publikaciji „Entreprendre avec du capital coopératif“ je navedeno obdobje opisano kot sledi (lastni prevod):
‘The government has decided to extend the protection provided by this fund to other institutions in the financial sector (in particular insurance companies and recognised cooperatives) which request such protection for deposit-like products, such as, for example, “branch 21” life insurance products.
„Skupina ARCO je nekaj mesecev po transakciji Dexie spremenila statut svojih zadrug, da bi delničarjem, ki so bili delničarji že pred transakcijo Dexie, omogočila udeležbo pri boljših možnostih za dobiček skupine Dexia in subjektov v skupini ARCO.
Certain bodies have already expressed their interest ’. ( ‘Le gouvernement a décidé d'étendre la protection donnée par ce fonds à 'autres institutions du secteur financier (notamment des compagnies d'assurances ou des coopératives agrées) qui en feraient la demande pour des produits assimilables à des dépôts bancaires comme par exemple certains produits faisant partie de la branche 21.
Novi statut je določal, da bo najnižja stopnja izplačil delničarjem od takrat naprej znašala 80 %, najvišja stopnja pa 90 % rednega letnega dobička.
Certains organismes ont déjà fait part de leur intérêt’).
Zato bi se lahko marca dividenda za delnice družbe ARCOFIN zvišala s 6 % neto na 8 % bruto.
On 18 December 2008, the previous government resigned and on 30 December 2008 a new government took office.
Ker je to zvišanje pomenilo kršitev predvidene najvišje dividende (6 %) za priznane zadruge, je družba ARCOFIN izgubila svoj status priznane zadruge, ki ga zahteva Državni svet za zadruge.
In that press release the Belgian government repeated its commitment to put in place a cooperative guarantee scheme:
To je pomenilo tudi, da oprostitev pri viru odtegnjenega davka ni več veljala.
‘The government confirms the commitment made by the previous government to offer a guarantee scheme to shareholders in recognised cooperatives’ ( ‘le gouvernment confirme l'engagement pris par le gouvernement précédent d'offrir un régime de garantie aux associés des sociétés coopératives agréées’).
Večina delničarjev zadruge je po odbitku davka, odtegnjenega pri viru, prejela neto dividendo v višini 6,8 %.
The press release also contained technical details on the cooperative guarantee scheme.
Marca 2005 se je bruto dividenda zvišala na 8,5 %“.
ArgenCo explained in its cooperative share prospectus of 5 October 2010 (page 4):
http://www.groeparco.be/website/groeparco/assets/files/arcopar/ARCOPAR_20100629_FR.pdf.
‘cooperative shares do not qualify as debt issued by a credit institution and do not qualify as a deposit either.
Statut določa, da „[..] se lahko takšen dvig zavrne, če bi se zaradi dviga umaknila več kot desetina delničarjev ali več kot desetina vplačanega kapitala v enem proračunskem letu...“ ( „[…] cette démission peut être refusée si à la suite de la démission, plus d1/10 des actionnaires ou plus d1/10 du capital placé devrait disparaître au cours du même exercice […]“.)