natgillin/translations-raw huggingface dataset:
The interest rates on the marginal lending facility and the deposit facility were also left unchanged at 3.0% and 1.0% respectively .
Prav tako ni spreminjal obrestnih mer za odprto ponudbo mejnega posojanja in odprto ponudbo mejnega deponiranja likvidnosti čez noč , ki ostajata 3,0% oziroma 1,0% .
While short-term inflationary pressures persist , they have recently diminished somewhat , mainly due to the decline in oil prices from the peaks seen in October .
Čeprav kratkoročni inflacijski pritiski še vedno vztrajajo , so se v zadnjem času nekoliko umirili predvsem zaradi cen nafte , ki so se znižale z rekordno visokih ravni v oktobru .
At the same time , there is currently no significant evidence that underlying domestic inflationary pressures are building up in the euro area .
Hkrati za zdaj ni očitnejših znakov , da bi se v euro območju krepili inflacijski pritiski iz domačega okolja .
Accordingly , the Governing Council left the key ECB interest rates unchanged at their historically low levels .
Zato je Svet ECB ohranil ključne obrestne mere ECB nespremenjene na zgodovinsko nizkih ravneh .
However , upside risks to price stability over the medium term remain , and continued vigilance is of the essence with regard to those risks .
Kljub temu so tveganja , da pritiski na povišanje cen ogrozijo cenovno stabilnost v srednjeročnem obdobju , še vedno prisotna , zato je izredno pomembno , da ta tveganja še naprej pozorno spremljamo .
Starting with the economic analysis underlying the Governing Council 's assessment , Eurostat 's second estimate of quarter-on-quarter real GDP growth in the third quarter confirmed the previous estimate of 0.3% .
Začnimo z ekonomsko analizo , na kateri temelji presoja Sveta ECB . Eurostatova druga ocena realne rasti BDP v tretjem četrtletju glede na prejšnje četrtletje potrjuje prvo oceno , po kateri je bila rast 0,3% .
While information on the fourth quarter is still incomplete , the latest macroeconomic data and survey evidence , although mixed , appear to suggest ongoing moderate growth .
Medtem ko so informacije o rasti v zadnjem četrtletju še nepopolne , zadnji makroekonomski in anketni podatki , ki sicer ne dajejo povsem enotne slike , kažejo , da se bo zmerna rast nadaljevala .
Looking ahead , the conditions remain in place for economic growth to proceed .
Razmere za nadaljevanje gospodarske rasti v prihodnjem obdobju so torej še naprej ugodne .
On the external side , global growth is expected to remain robust .
V mednarodnem okolju lahko pričakujemo , da se bo okrepljena rast svetovnega gospodarstva nadaljevala .
The strength of global demand should help to sustain euro area exports .
Visoko svetovno povpraševanje naj bi ohranjalo izvoz euro območja .
On the domestic side , investment should be supported by the very favourable financing conditions in the euro area , improved corporate earnings and greater business efficiency as firms continue to restructure .
Med domačimi dejavniki naj bi rast investicij spodbujali zelo ugodni pogoji financiranja v euro območju , povečani dobički podjetij in večja podjetniška učinkovitost , ki je posledica nadaljnjega prestrukturiranja podjetij .
Moreover , private consumption is likely to evolve in line with the development of real disposable income .
Zasebna potrošnja se bo najverjetneje razvijala v skladu z gibanjem realnega razpoložljivega dohodka .
Consumption would also be supported if uncertainties surrounding the extent and pace of fiscal consolidation and structural reform in the euro area were reduced .
Potrošnja bi se lahko povečala tudi pod pogojem , da se negotovost , povezana z obsegom in dinamiko fiskalne konsolidacije in strukturnih reform v euro območju , zmanjša .
Downside risks to the economic outlook stemming from oil price developments have diminished somewhat over recent weeks .
Tveganja , ki bi zaradi gibanj cen nafte lahko negativno vplivala na prihodnja gospodarska gibanja , so se v zadnjih nekaj tednih nekoliko zmanjšala .
As regards exchange rates , the Governing Council confirmed its position , expressed when the euro rose sharply , that such moves are unwelcome and undesirable for economic growth .
Glede deviznih tečajev je Svet ECB ponovil svoje stališče , ki ga je izrazil ob skokovitem povišanju eura , da so takšna gibanja za gospodarsko rast nedobrodošla in nezaželena .
Turning to prices , annual HICP inflation was 2.3% in December according to Eurostat 's flash estimate , up from 2.2% in November .
Na področju cen je po Eurostatovi predhodni oceni decembrska medletna inflacija , merjena z indeksom HICP , dosegla 2,3% in se je tako povišala z novembrske ravni 2,2% .
Annual HICP inflation rates of above 2 % are likely to persist over the coming months , notwithstanding the recent oil price decline .
Medletna inflacija po HICP bo v prihodnjih mesecih verjetno še naprej vztrajala nad 2 % ne glede na nedavno znižanje cen nafte .
Looking further ahead , however , the available information indicates that , barring further adverse shocks , HICP inflation will fall below 2 % in the course of 2005 .
Po trenutno razpoložljivih informacijah za daljše časovno obdobje se bo inflacija po HICP v letu 2005 znižala na raven pod 2 %, če se nadaljnji negativni šoki uspešno preprečijo .
Moreover , the latest indicators do not suggest that underlying domestic inflationary pressures are building up in the euro area .
Poleg tega zadnji kazalci ne kažejo , da bi se v euro območju krepili inflacijski pritiski iz domačega okolja .
Wage increases remain contained , against the background of ongoing moderate economic growth and weak labour markets .
Ob nadaljevanju zmerne gospodarske rasti in oslabljenem trgu dela je tudi rast plač še naprej umirjena .
In the context of what is a broadly favourable outlook for price developments over the medium term , upside risks to price stability need to be taken into account .
Kljub razmeram , ki večinoma kažejo na ugodne obete za gibanje cen v srednjeročnem obdobju , je vendarle treba upoštevati tveganja , ki bi preko povišanja cen lahko ogrozila cenovno stabilnost .
Given past oil price rises , there is a continued need to avoid second-round effects in wage and price-setting throughout the economy .
Glede na pretekla gibanja cen nafte je treba še naprej preprečevati drugotne učinke , ki preko oblikovanja plač in cen vplivajo na celotno gospodarstvo .
Responsibility on the part of social partners remains very important .
Tu ostaja odgovornost socialnih partnerjev velika .
Moreover , developments in indirect taxes and administered prices require close monitoring .
Poleg tega je treba pozorno spremljati tudi gibanja posrednih davkov in nadzorovanih cen .
Turning to the monetary analysis , the latest data confirm the Governing Council 's previous assessment .
Kot kaže denarna analiza , najnovejši podatki potrjujejo prejšnjo oceno Sveta ECB .
Monetary and credit growth strengthened in the second half of 2004 , largely as a consequence of the prevailing low level of interest rates .
Rast denarja in kreditov se je v drugi polovici leta 2004 okrepila predvsem zaradi prevladujoče nizke ravni obrestnih mer .
Given the strength of monetary dynamics over the past few years , there remains significantly more liquidity in the euro area than is required to finance non-inflationary growth .
Glede na izrazito denarno dinamiko v zadnjih nekaj letih je v euro območju še vedno precej več likvidnosti , kot bi je bilo potrebno za financiranje neinflacijske rasti .
Overall , the monetary analysis points to upside risks to price stability over the medium to longer term .
Denarna analiza v celoti gledano kaže , da je cenovna stabilnost v srednjeročnem in dolgoročnem obdobju izpostavljena negativnim tveganjem povišanja cen .
At the same time , the combination of high excess liquidity and strong credit growth could in some countries become a source of unsustainable price increases in property markets .
Hkrati bi lahko velik obseg presežne likvidnosti skupaj z močno rastjo kreditov v nekaterih državah povzročil nevzdržen dvig cen na trgu nepremičnin .
To sum up , the economic analysis suggests that underlying domestic inflationary pressures are contained but upside risks to price stability over the medium term need to be monitored closely .
Če povzamemo , ekonomska analiza kaže , da so inflacijski pritiski v domačem okolju obrzdani , vseeno pa je treba pozorno spremljati tveganja , ki bi s pritiski na povišanje cen lahko ogrozila cenovno stabilnost v srednjeročnem obdobju .
In this context , it is crucial that there is no spillover from current short-term developments in consumer price inflation to long-term inflation expectations .
V takšnih razmerah je bistveno , da preprečimo kakršen koli prenos kratkoročnih gibanj cen življenjskih potrebščin na dolgoročnejša inflacijska pričakovanja .
Cross-checking with the monetary analysis supports the case for continued vigilance with regard to the materialisation of risks to price stability over the medium term .
Navzkrižna primerjava z denarno analizo potrjuje , da je treba dogajanja , povezana z morebitno uresničitvijo tveganj za ohranitev stabilnosti cen v srednjeročnem obdobju , še naprej pozorno spremljati .
With regard to both fiscal policies and structural reforms , the governments and institutions of the European Union will have to confront many important challenges in the course of 2005 .
Na področju javnofinančne politike in strukturnih reform se bodo morale vlade in institucije Evropske unije v letu 2005 spopasti s številnimi pomembnimi izzivi .
Foremost among these challenges is the need to strengthen public finances by correcting excessive deficits swiftly and returning to a path of vigorous fiscal consolidation .
Najpomembnejši med njimi je potreba po okrepitvi javnih financ s hitrim zmanjševanjem čezmernega primanjkljaja in ponovna utrditev prizadevanj za pospešeno fiskalno konsolidacijo .
Moreover , throughout the European Union there is a need to address the considerable challenges that population ageing poses to existing pension and social security systems .
Poleg tega se morajo vse članice Evropske unije lotiti velikega izziva , ki ga pred obstoječi pokojninski sistem in sistem socialne varnosti postavlja staranje prebivalstva .
There is also a need to now bring the ongoing discussions surrounding the European fiscal framework to a convincing conclusion which builds trust and confidence .
Hkrati je treba sedanjo razpravo o evropskem fiskalnem okviru zaključiti s takšnim sklepom , ki bo s svojo prepričljivostjo prispeval k zaupanju in samozavesti .
The existing fiscal framework enshrined in the Treaty and the Stability and Growth Pact is a cornerstone of Economic and Monetary Union and thus of central importance for anchoring expectations of fiscal discipline .
Sedanji fiskalni okvir , ki ga določata Pogodba ter Pakt o stabilnosti in rasti , je ključni temelj ekonomske in monetarne unije ter hkrati osrednjega pomena za utrditev pričakovanj glede javnofinančne discipline .
The Governing Council is convinced that improvements in the implementation of the Pact are possible .
Svet ECB je prepričan , da je izvajanje Pakta o stabilnosti in rasti možno izboljšati .
At the same time , it reiterates its position that it would be counterproductive to change the Regulations , dilute the 3 % deficit limit or weaken the excessive deficit procedure .
Hkrati ponovno poudarja svoje stališče , da bi spreminjanje predpisov , zrahljanje 3-odstotne omejitve primanjkljaja ali oslabitev postopka v zvezi s čezmernim primanjkljajem povzročilo nasprotne učinke od želenih .
Turning to structural policies , the forthcoming mid-term review of the Lisbon strategy provides an opportunity to give renewed impetus to structural reform in Europe , as called for by the recently published report of the high-level group chaired by Wim Kok .
Na področju strukturne politike predstavlja bližajoči se vmesni pregled Lizbonske strategije priložnost za ponovno okrepitev zagona pri izvajanju strukturnih reform v Evropi , k čemur poziva tudi nedavno objavljeno poročilo skupine na visoki ravni , ki ji predseduje Wim Kok .
The Governing Council strongly supports a reform agenda which focuses on raising employment growth , fostering investment and stimulating innovation and productivity .
Svet ECB odločno podpira program reform , katerih cilj je zvišanje rasti zaposlovanja , spodbujanje investicij ter pospeševanje inovativnosti in produktivnosti .
Progress in this direction will not only enhance the underlying growth potential of the euro area economy over the medium term , but will also help to bolster consumer and business confidence over a shorter horizon . This issue of the Monthly Bulletin contains two articles .
Napredek v tej smeri ne bo samo povečal sposobnosti gospodarstva v euro območju za večjo rast v srednjeročnem obdobju , ampak bo tudi okrepil zaupanje potrošnikov in podjetij v kratkoročnem obdobju .
The first article describes the revised framework for banks » capital requirements set out in the new Basel Capital Accord . It also addresses its potential implications and its application in the EU context .
V tej številki mesečnega biltena sta objavljena dva članka . Prvi predstavlja spremenjeni okvir predpisane stopnje kapitalske ustreznosti , ki ga določa novi baselski kapitalski sporazum , ter obravnava možne posledice tega sporazuma in njegovo uporabo v Evropski uniji .
The second article explores the changing patterns in financial flows to emerging market economies . back to top
Drugi članek preučuje spremembe v vzorcu finančnih tokov v države , ki jih označujemo kot nastajajoča tržna gospodarstva .
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; Financial market stability &gt; Related ECB opinions &gt; CON / 2010/45
Navigation Path : Home &gt; The European Central Bank &gt; Pravni okvir &gt; Stabilnost finančnih trgov &gt; Povezana mnenja ECB &gt; CON / 2010/45
Navigation Path : Home &gt; The European Central Bank &gt; Educational &gt; FACTS presentation &gt; Organisation &gt; Slide 7
Navigation Path : Home &gt; The European Central Bank &gt; Izobraževalna gradiva &gt; Osnovni podatki &gt; Organizacija &gt; Slide 7
Key for subscription of the ECB 's capital6 Independence7 Accountability8 Basic tasks of the Eurosystem9 Other tasks of the Eurosystem10 Division of labour in the Eurosystem11 Tasks of the ECB ( 1/2 ) 12 Tasks of the ECB ( 2/2 ) 13 Tasks of the NCBs14 Decision-making bodies of the ECB15
Ključ za vpis kapitala ECB6 Neodvisnost7 Odgovornost8 Osnovne naloge Eurosistema9 Druge naloge Eurosistema10 Delitev dela v Eurosistemu11 Naloge ECB ( 1/2 ) 12 Naloge ECB ( 2/2 ) 13 Naloge nacionalnih centralnih bank14 Organi odločanja ECB15
Organisation
Organizacija Neodvisnost
Independence The rationale for central bank independence is that the power to spend money should be separated from the power to create money .
Neodvisnost centralne banke je potrebna zato , ker mora biti pristojnost za tro &scaron; enje denarja ločena od pristojnosti za ustvarjanje denarja .
A government facing re-election may be tempted to reduce interest rates , a move which boosts the economy over the short term but fuels inflation over the longer term -- and ultimately cuts government debt .
Vlado bi lahko pred volitvami zamikalo , da zniža obrestne mere , kar bi kratkoročno spodbudilo gospodarstvo , vendar bi dolgoročno spodbudilo tudi inflacijo &ndash; in nazadnje zmanj &scaron; alo javni dolg .
Thus , central bank independence is a feature of many industrialised countries today and is regarded as an essential part of a well-functioning economy .
Tako je neodvisnost centralne banke danes značilnost &scaron; tevilnih industrijsko razvitih držav in velja za bistveni del dobro delujočega gospodarstva .
The independence of the ECB and the national central banks ( NCBs ) of the Eurosystem has been given « constitutional » status , as it has been set down in both the Treaty on the Functioning of the European Union and the Statute of the European System of Central Banks ( ESCB Statute ) , rather than in secondary legislation .
Temelj denarne ureditve euroobmočja je neodvisnost ECB in nacionalnih centralnih bank Eurosistema . To načelo je dobilo » ustaven « status , saj je določeno v Pogodbi o delovanju Evropske unije in v Statutu Evropskega sistema centralnih bank ( Statut ESCB ) in ne v sekundarni zakonodaji .
Independence is an indispensable element which facilitates the pursuit of price stability .
Neodvisnost je nujno potrebna prvina , ki prispeva k prizadevanju za stabilnost cen .
The concept of independence includes :
Pojem neodvisnosti zajema :
Functional independence
Funkcionalno neodvisnost
Functional independence requires a primary objective determined by clarity and legal certainty that provides the central bank with the necessary means and instruments to achieve this objective , independently of any other authority .
Za funkcionalno neodvisnost je potreben temeljni cilj , ki je določen jasno in s pravno varnostjo , kar centralni banki zagotavlja potrebna sredstva in instrumente za dosego tega cilja neodvisno od druge oblasti .
The primary objective of the ESCB , as set down in the Treaty on the Functioning of the European Union and the ESCB Statute , is the maintenance of price stability .
Temeljni cilj ESCB , kot je določen v Pogodbi o delovanju Evropske unije in Statutu ESCB , je ohranjati stabilnost cen .
Institutional independence
Institucionalno neodvisnost
The principle of institutional independence is expressly referred to in Articles 130 and 282 of the Treaty on the Functioning of the European Union and Article 7 of the ESCB Statute .
Načelo institucionalne neodvisnosti izrecno omenjata člena 130 in 282 Pogodbe o delovanju Evropske unije in člen 7 Statuta ESCB .
These provisions prohibit the ECB , the NCBs and members of their decision-making bodies from seeking or taking instructions from Union institutions or bodies , from any government of a Member State or from any other body .
Te določbe prepovedujejo ECB , nacionalnim centralnim bankam in članom njihovih organov odločanja , da bi iskali ali prejemali navodila od institucij ali organov Unije oziroma od katere koli vlade države članice ali drugega organa .
In addition , they also prohibit such institutions , governments and bodies from seeking to influence the members of the decision-making bodies of the ECB or the NCBs . Personal independence
Poleg tega takim institucijam , vladam in organom prepovedujeta , da bi sku &scaron; ali vplivati na člane organov odločanja ECB ali nacionalnih centralnih bank .
The Statute 's provisions on security of tenure for members of the ECB 's decision-making bodies further safeguard central bank independence .
Nadalje neodvisnost centralne banke zagotavljajo določbe Statuta glede varnosti mandata za člane organov odločanja ECB .
Such provisions stipulate a minimum term of office of five years for NCB governors ( renewable ) , and a non-renewable term of office of eight years for the members of the ECB 's Executive Board .
Te določbe določajo najmanj petletni mandat za guvernerje nacionalnih centralnih bank ( ki ga lahko podalj &scaron; ajo ) in osemletni mandat ( ki se ga ne da podalj &scaron; ati ) za člane Izvr &scaron; ilnega odbora ECB .
Furthermore , members of the decision-making bodies may not be dismissed for reasons other than those stipulated in the ESCB Statute .
Poleg tega člani organov odločanja ne smejo biti razre &scaron; eni iz drugih razlogov kot tistih , ki so določeni v Statutu ESCB .
Financial independence
Finančno neodvisnost
The ECB and the NCBs must have autonomous access to sufficient financial resources to fulfil their mandates .
ECB in nacionalne centralne banke morajo imeti neodvisen dostop do zadostnih finančnih sredstev za izpolnitev svojega mandata .
The ECB has its own capital , subscribed and paid up by the NCBs .
ECB ima lasten kapital , ki ga vpi &scaron; ejo in vplačajo nacionalne centralne banke .
It also has its own budget independent from that of the other European institutions .
Ima tudi lasten proračun , ki je neodvisen od proračunov drugih evropskih institucij .
As regards the NCBs , Member States may not put their NCBs in the position of not having sufficient financing resources to carry out their ESCB-related and own national tasks .
Kar zadeva nacionalne centralne banke , države članice svoje centralne banke ne smejo postaviti v položaj , v katerem ne bi imela zadostnih finančnih sredstev , da bi lahko izvajala naloge , povezane z ESCB , kakor tudi svoje nacionalne naloge .
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; All years &gt; CON / 1998/52
Navigation Path : Home &gt; The European Central Bank &gt; Pravni okvir &gt; Vse po datumu &gt; Vsa leta &gt; CON / 1998/52
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2010 &gt; 2 December 2010
Navigation Path : Home &gt; Press &gt; Press releases &gt; By date &gt; 2010 &gt; 2 . december 2010
2 December 2010 - Monetary policy decisions
2 . december 2010 - Sklepi o denarni politiki
http://www.ecb.europa.eu/press/pr/date/2010/html/pr101202.en.html
http://www.ecb.europa.eu/press/pr/date/2010/html/pr101202.sl.html
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All ECB opinions &gt; CON / 2002/29
Navigation Path : Home &gt; The European Central Bank &gt; Pravni okvir &gt; Vsa mnenja ECB &gt; CON / 2002/29
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; 2006 &gt; CON / 2006/45
Navigation Path : Home &gt; The European Central Bank &gt; Pravni okvir &gt; Vse po datumu &gt; 2006 &gt; CON / 2006/45
Jan - 2027 Mon
Naslednji mesec Jan - 2027
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; 2008 &gt; CON / 2008/45
Navigation Path : Home &gt; The European Central Bank &gt; Pravni okvir &gt; Vse po datumu &gt; 2008 &gt; CON / 2008/45
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; Statistics &gt; Related ECB opinions &gt; CON / 2004/19
Navigation Path : Home &gt; The European Central Bank &gt; Pravni okvir &gt; Statistika &gt; Povezana mnenja ECB &gt; CON / 2004/19
Brussels , 23.4.2008 COM ( 2008 ) 213 final 2008/0082 ( COD )
Bruselj , 23.4.2008 COM ( 2008 ) 213 konč . 2008/0082 ( COD )
Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directive 98/26 / EC on settlement finality in payment and securities settlement systems and Directive 2002/47 / EC on financial collateral arrangements as regards linked systems and credit claims [ SEC ( 2008 ) 491 ] [ SEC ( 2008 ) 492 ]
Predlog DIREKTIVA EVROPSKEGA PARLAMENTA IN SVETA o spremembi Direktive 98/26 / ES o dokončnosti poravnave pri plačilih in sistemih poravnave vrednostnih papirjev in Direktive 2002/47 / ES o dogovorih o finančnem zavarovanju glede povezanih sistemov in kreditnih zahtevkov [ SEC ( 2008 ) 491 ] [ SEC ( 2008 ) 492 ]
CONTEXT OF THE PROPOSAL Grounds for and objectives of the proposal The main purpose of the proposal is to bring the Directive on settlement finality in payment and securities settlement systems ( SFD ) and the Directive on financial collateral arrangements ( FCD ) into line with the latest market and regulatory developments .
OZADJE PREDLOGA Razlogi za predlog in njegovi cilji Glavni cilj predloga je prilagoditi Direktivo o dokončnosti poravnave pri plačilih in sistemih poravnave vrednostnih papirjev ( SFD ) in Direktivo o dogovorih o finančnem zavarovanju ( FCD ) najnovejšemu tržnemu in zakonodajnemu razvoju .
Firstly , this is done by extending the protection of the SFD to nighttime settlement and to settlement between linked systems , since pursuant to Directive 2004/39 / EC on markets in financial instruments1 ( hereinafter referred to as MiFID ) and the European Code of conduct for clearing and settlement ( hereinafter referred to as « the Code ") systems are expected to become increasingly linked and interoperable .
Najprej je treba zaščito SFD razširiti na nočno poravnavo in na poravnavo med povezanimi sistemi , saj naj bi se v skladu z Direktivo 2004/39 / ES o trgih finančnih instrumentov1 ( v nadaljevanju MiFID ) in Evropskim kodeksom ravnanja za kliring in poravnavo ( v nadaljevanju „kodeks ") medsebojna povezanost in interoperabilnost pri sistemih izboljšali .