natgillin/translations-raw huggingface dataset:
4.4 SECURITIES CLEARING AND SETTLEMENT The Eurosystem has a strong interest in the smooth functioning of securities clearing and settlement systems because failures in the clearing , settlement and custody of collateral could jeopardise the implementation of monetary policy , the smooth functioning of payment systems and the maintenance of financial stability .
4.4 KLIRING IN PORAVNAVA VREDNOSTNIH PAPIRJEV Eurosistem je zelo zainteresiran za nemoteno delovanje sistemov kliringa in poravnave vrednostnih papirjev , saj lahko napake pri kliringu , poravnavi in skrbništvu finančnega premoženja za zavarovanje terjatev ogrozijo izvajanje denarne politike , nemoteno delovanje plačilnih sistemov in vzdrževanje finančne stabilnosti .
In its capacity as a user of securities settlement systems ( SSSs ) , the Eurosystem assesses the compliance of SSSs in the euro area , as well as links between those SSSs , with the « Standards for the use of EU securities settlement systems in ESCB credit operations » ( known as the « Eurosystem user standards ") .
Eurosistem kot uporabnik sistemov poravnave vrednostnih papirjev ocenjuje , ali ti sistemi v euroobmočju in povezave med njimi izpolnjujejo standarde za uporabo sistemov poravnave vrednostnih papirjev EU v kreditnih operacijah ESCB ( imenovani tudi „uporabniški standardi Eurosistema ") .
10 Links become eligible for Eurosystem credit operations if they fulfil the Eurosystem 's nine user standards .
10 Povezave postanejo primerne za kreditne operacije Eurosistema , če izpolnjujejo devet uporabniških standardov Eurosistema .
The Eurosystem assesses any new links or updates of eligible links against these standards .
Eurosistem oceni vsako novo povezavo ali posodobitev primerne povezave glede na te standarde .
In 2007 three existing eligible links were updated and positively assessed .
Leta 2007 so bile posodobljene in pozitivno ocenjene tri obstoječe primerne povezave .
In addition , the use of five relayed links , i.e. where more than two SSSs are involved , was assessed . No specific risks were identified in the course of this assessment .
Poleg tega je bila ocenjena uporaba nekaterih izmenjalnih povezav , tj . povezav , pri katerih sta udeležena več kot dva sistema poravnave vrednostnih papirjev .
Consequently , the Governing Council considered all five assessed relayed links to be eligible to participate in the collateralisation process of the Eurosystem 's credit operations .
Svet ECB je zato ocenil , da je vseh pet ocenjenih izmenjalnih povezav primernih za sodelovanje pri zagotavljanju finančnega premoženja za zavarovanje terjatev v kreditnih operacijah Eurosistema . Ob pripravah na vstop Cipra in Malte v euroobmočje s 1 .
ECB Annual Report 2007 161
januarjem 2008 je Svet ECB ocenil sisteme poravnave vrednostnih papirjev teh dveh držav .
Commission provided new impetus in 2007 in discussions at meetings of the ECOFIN Council , the EFC and the FSC .
Podrobna analiza je razkrila , da sta bila oba sistema v glavnem skladna z uporabniškimi standardi in s tem primerna za uporabo ECB Letno poročilot 2007
Following those discussions , the ECOFIN Council recognised « that the investor protection and prudential safety of the post-trading sector , including its risk-management aspects , are important issues to be discussed and that concrete action , including for example by agreeing on the standards or regulatory measures , should be considered as a complement for the Code of Conduct on risks and financial stability » .
Po teh razgovorih je Ekonomsko-finančni svet priznal , „da sta zaščita vlagateljev in skrbni nadzor potrgovalnega sektorja , vključno z njegovimi vidiki obvladovanja tveganja , pomembni zadevi , o katerih je treba razpravljati ; prav tako pa bi bilo treba razmisliti o konkretnih ukrepih , pri katerih bi se bilo npr .
Furthermore , the ECOFIN Council requested that the FSC « deepen its work on the scope , legal basis and contents of the standards giving due consideration to the importance of ensuring a level playing-field ; and together with the Commission propose ways forward on this subject to be submitted to the Council in early spring 2008 » .
treba dogovoriti o standardih ali regulativnih ukrepih kot dopolnilu h kodeksu ravnanja v zvezi s tveganji in finančno stabilnostjo » . Poleg tega je Ekonomsko-finančni svet zahteval , da Odbor za finančne storitve „okrepi delo v zvezi s področjem uporabe , pravno podlago in vsebino standardov ter nameni vso potrebno pozornost pomenu zagotovitve enakih konkurenčnih pogojev in skupaj s Komisijo pripravi predloge za napredek na tem področju , ki bodo zgodaj spomladi 2008 predloženi Svetu » .
11 The ECB has been contributing to this work .
11 Pri tem je sodelovala tudi ECB .
11 ECOFIN Council Conclusions on Clearing and Settlement , 2822nd Economic and Financial Affairs Council meeting , Luxembourg , 9 October 2007 . 162
11 Sklepi Ekonomsko-finančnega sveta o obračunu in poravnavi , 2822 . seja Sveta za ekonomske in finančne zadeve , Luksemburg , 9 .
1 EUROPEAN ISSUES In 2007 the ECB continued to have regular contacts with European institutions and fora , particularly with the European Parliament , the ECOFIN Council , the Eurogroup and the European Commission ( see Chapter 6 ) .
1 EVROPSKA VPRAŠANJA ECB je tudi leta 2007 vzdrževala redne stike z evropskimi institucijami in forumi , zlasti z Evropskim parlamentom , Ekonomskofinančnim svetom , Euroskupino in Evropsko komisijo ( glej poglavje 6 ) .
The President of the ECB participated in meetings of the ECOFIN Council when matters relating to the objectives and tasks of the ESCB were discussed , as well as in the meetings of the Eurogroup .
Predsednik ECB se je udeleževal sestankov Ekonomsko-finančnega sveta , kadar so razpravljali o zadevah v zvezi z nalogami in cilji ESCB , in sestankov Euroskupine .
The President of the Eurogroup and the Commissioner for Economic and Monetary Affairs attended meetings of the Governing Council when they deemed it appropriate .
Predsednik Euroskupine in evropski komisar za gospodarske in monetarne zadeve sta se udeleževala sestankov Sveta ECB , kadar je bilo to primerno .
I. I POLICY ISSUES the European Commission , that the actions taken by the Czech Republic were proving inadequate to bring its deficit below the 3 % threshold by 2008 .
da so ukrepi Češke , s katerimi naj bi svoj primanjkljaj do leta 2008 znižala pod mejno vrednost 3 %, neustrezni .
In particular , the updated convergence programme of the Czech Republic of March indicated that the 3 % of GDP deficit threshold would be exceeded not only in 2008 , but also in 2009 .
Zlasti dopolnjen konvergenčni program , ki ga je Češka sprejela marca , je kazal , da bo mejna vrednost 3 % BDP presežena ne le v letu 2008 , temveč tudi v letu 2009 .
In October 2007 the Council again recommended under Article 104 ( 7 ) of the Treaty that the Czech Republic bring the deficit below 3 % of GDP by 2008 at the latest , with a 0.75% structural improvement in the budget balance between 2007 and 2008 .
Oktobra 2007 je Svet na podlagi člena 104 ( 7 ) Pogodbe vnovič priporočil , da Češka zniža svoj primanjkljaj pod 3 % BDP najpozneje do leta 2008 , z 0,75% strukturnim izboljšanjem proračunskega salda med letoma 2007 in 2008 .
According to the European Commission 's autumn 2007 forecast , the deficit will indeed decline to below 3 % of GDP in 2008 .
Po napovedih Komisije iz jeseni leta 2007 naj bi se primanjkljaj v letu 2008 dejansko znižal pod 3 % BDP .
No further steps were taken regarding the excessive deficit procedures against Italy ( which , according to the ECOFIN Council 's recommendation , should have corrected its excessive deficit by 2007 ) , Hungary ( 2009 ) , Poland ( 2007 ) , Portugal ( 2008 ) and Slovakia ( 2007 ) as , in general , new data and projections pointed to progress in the correction of excessive deficits in line with the Council 's latest recommendations .
Nobeni nadaljnji ukrepi glede postopka v zvezi s čezmernim primanjkljajem niso bili sprejeti proti Italiji ( ki bi morala svoj čezmerni primanjkljaj v skladu s priporočilom Ekonomsko-finančnega sveta popraviti do leta 2007 ) , Madžarski ( 2009 ) , Poljski ( 2007 ) , Portugalski ( 2008 ) in Slovaški ( 2007 ) , saj so novi podatki in projekcije kazali napredek pri odpravljanju čezmernega primanjkljaja v skladu z zadnjimi priporočili Sveta .
In October 2007 the ECOFIN Council discussed the effectiveness of the preventive arm of the Stability and Growth Pact , based on proposals from the European Commission included in its communication accompanying the report entitled « Public finances in EMU -- 2007 » .
Oktobra 2007 je Ekonomsko-finančni svet na podlagi predlogov Evropske komisije iz sporočila , ki je spremljalo poročilo o javnih financah v EMU za leto 2007 ( Public finances in EMU -- 2007 ) , razpravljal o učinkovitosti preventivnega dela Pakta za stabilnost in rast .
Ministers concluded that all countries which had not yet reached their medium-term objective should speed up the pace of deficit and debt reduction and allocate higher than expected revenues to this objective .
Ministri so sklenili , da morajo vse države , ki še niso dosegle svojega srednjeročnega cilja , pospešiti zniževanje primanjkljaja in dolga ter temu nameniti več prihodkov , kot je bilo predvideno .
They also reiterated the importance of national rules-based multi-annual fiscal frameworks and appropriate involvement of national parliaments .
Vnovič so poudarili tudi pomembnost večletnih nacionalnih fiskalnih okvirov na osnovi pravil in ustreznega sodelovanja nacionalnih parlamentov .
Moreover , Member States were asked to specify in their stability and convergence programmes how their mediumterm objectives would be met , including information on the extent to which further measures are required to achieve them .
Poleg tega so od držav članic zahtevali , da v svojih konvergenčnih programih in programih stabilnosti navedejo , kako bodo dosegle svoj srednjeročni cilj , vključno s podatki o obsegu dodatnih ukrepov , ki so potrebni za njihovo uresničitev .
The Commission was requested to work further on
Komisija je bila naprošena , da nadaljuje delo na področju merjenja osnovnega javnofinančnega položaja .
THE STABILITY AND GROWTH PACT In 2007 the favourable macroeconomic environment supported the improvement of budget balances in most countries and hence the abrogation of excessive deficit procedures in a number of cases .
EKONOMSKO-POLITIČNA VPRAŠANJA PAKT ZA STABILNOST IN RAST Leta 2007 se je zaradi ugodnih makroekonomskih razmer proračunski saldo v večini držav izboljšal in temu je v številnih primerih sledila odprava postopkov v zvezi s čezmernim primanjkljajem .
The number of Member States in excessive deficit decreased from eleven at the end of 2006 to six by the end of 2007 .
Število držav članic s čezmernim primanjkljajem se je znižalo z enajst ob koncu leta 2006 na šest ob koncu leta 2007 .
In January 2007 the ECOFIN Council brought the excessive deficit procedure against France to an end .
Januarja 2007 je Ekonomsko-finančni svet ustavil postopek zaradi čezmernega primanjkljaja proti Franciji .
It took the same step for Germany , Greece and Malta in June 2007 .
Junija 2007 je to storil tudi za Nemčijo , Grčijo in Malto .
For the latter country , this removed a major obstacle to the adoption of the euro in 2008 .
Za slednjo je to pomenilo odpravo velike ovire za sprejem eura v letu 2008 .
Finally , in October 2007 the ECOFIN Council abrogated the excessive deficit procedure against the United Kingdom .
Ekonomsko-finančni svet je oktobra 2007 odpravil tudi postopek v zvezi s čezmernim primanjkljajem proti Združenemu kraljestvu .
Following the correction of the excessive deficits , it is now essential that Member States continue their structural fiscal consolidation in line with the provisions of the Stability and Growth Pact to reach their medium-term objective .
Po popravku čezmernih primanjkljajev je zdaj bistveno , da države članice nadaljujejo strukturno fiskalno konsolidacijo v skladu z določbami Pakta za stabilnost in rast ter tako uresničijo svoj srednjeročni cilj .
This will also help to prevent the 3 % of GDP deficit reference value from being breached again as a result of normal cyclical variations in economic activity .
To bo tudi pomagalo preprečiti , da bi se zaradi normalnih cikličnih nihanj v gospodarski aktivnosti ponovila kršitev referenčne vrednosti primanjkljaja , ki znaša 3 % BDP .
Two euro area countries ( Italy and Portugal ) and four non-euro area countries ( the Czech Republic , Hungary , Poland and Slovakia ) were still subject to ongoing excessive deficit procedures at the end of 2007 .
Ob koncu leta 2007 so se postopki v zvezi s čezmernim primanjkljajem še naprej izvajali za dve državi euroobmočja ( Italija in Portugalska ) in štiri države zunaj euroobmočja ( Češka , Madžarska , Poljska in Slovaška ) .
Fiscal developments in the Czech Republic were a cause for concern .
Skrb vzbujajoča so bila fiskalna gibanja na Češkem .
In July 2007 the ECOFIN Council decided , upon a recommendation by 166
Ekonomsko-finančni svet je julija 2007 na priporočilo Evropske komisije sklenil ,
ECB Annual Report 2007 the measurement of underlying fiscal positions .
162 ECB Letno poročilo 2007
With regard to the long-term sustainability of public finances , the ECOFIN Council invited the Commission to provide proposals for discussion in 2008 on how to include the ageing-induced fiscal burden in the definition of the medium-term objectives .
breme zaradi staranja prebivalstva vključi v opredelitev srednjeročnih ciljev .
THE LISBON STRATEGY The Lisbon strategy -- the EU 's wide-ranging programme of economic , social and environmental reform -- continued to be at the centre of the EU economic policy debate .
LIZBONSKA STRATEGIJA Lizbonska strategija -- obširni program gospodarskih , socialnih in okoljskih reform EU -- je bila še naprej v središču razprav o ekonomski politiki v EU .
The EU Council left unchanged the Integrated Guidelines that were adopted in 2005 for a three-year period , while calling for a greater focus on the implementation of the strategy in order to achieve the overall goal of higher growth and more jobs .
Svet EU ni spreminjal integriranih smernic , ki so bile sprejete leta 2005 za obdobje treh let , pri tem pa je pozval k večji usmerjenosti na izvajanje strategije , s čimer bi uresničili splošni cilj večje rasti in večjega števila delovnih mest .
1 At the same time , in spring 2007 the EU Council complemented these guidelines with country-specific recommendations for each Member State , and with a horizontal guideline addressed to euro area countries .
1 Hkrati je Svet EU spomladi 2007 te smernice dopolnil s priporočili za vsako državo članico posebej in s horizontalno smernico za države euroobmočja .
Member States submitted in autumn 2007 their second progress reports on their 2005-08 national reform programmes .
Države članice so jeseni 2007 predložile svoje drugo poročilo o napredku v zvezi z nacionalnim programom reform v obdobju 2005 -- 08 .
These reports set out the progress Member States have made so far in implementing their structural reform strategies .
V teh poročilih so države članice opisale napredek , ki so ga dosegle pri izvajanju svoje strategije strukturnih reform .
These strategies include ensuring the sustainability and quality of public finances , improving the regulatory environment of businesses , investing in research and development and innovation , and taking measures to boost labour participation and enhance labour market flexibility ( see also Chapter 1 ) .
Te strategije vključujejo zagotavljanje vzdržnosti in kakovosti javnih financ , izboljšanje regulativnega okvira za podjetja , naložbe v raziskave , razvoj in inovacije ter sprejemanje ukrepov za povečanje deleža aktivnega prebivalstva in prožnosti trga dela ( glej tudi poglavje 1 ) .
The progress reports on the national reform programmes were assessed by the ECOFIN Council , as well as by the European Commission , which published a « Strategic report » in December 2007 .
Poročila o napredku nacionalnih programov reform sta ocenila Ekonomsko-finančni svet in Evropska komisija , ki je decembra 2007 objavila strateško poročilo .
These assessments prepared the ground for the adoption of a new set of integrated guidelines in 2008 for the new three-year policy cycle 2008-10 .
Te ocene so bile osnova za sprejem novega sklopa integriranih smernic v letu 2008 za nov triletni cikel 2008 -- 10 .
At the same time , the Community Lisbon programme , which was updated at the end of 2007 , set out a number of key priorities for Community-level action for the period 2008-10 , in line with the four priority areas of reform identified by the Spring 2006 European Council ( knowledge and innovation , business potential , labour markets , and energy ) .
Hkrati je lizbonski program Skupnosti , ki je bil dopolnjen ob koncu leta 2007 , določil vrsto ključnih prednostnih nalog za ukrepe na ravni Skupnosti v obdobju 2008 -- 10 , in sicer v skladu s štirimi prednostnimi področji reform , ki so bila določena v okviru Evropskega sveta spomladi 2006 ( znanje in inovacije , poslovni potencial , trgi dela in energija ) .
The ECB has repeatedly stressed the importance of implementing structural reforms and welcomes the determination of the Commission and the Member States to implement the renewed Lisbon strategy at the EU and national levels .
ECB je vztrajno poudarjala pomembnost izvajanja strukturnih reform in pozdravlja odločenost Komisije in držav članic , da izvajajo prenovljeno lizbonsko strategijo na ravni EU in na nacionalni ravni .
It is particularly important that the euro area countries implement comprehensive reform measures , as they share the responsibility for ensuring the smooth functioning of EMU .
Zlasti je pomembno , da države euroobmočja izvajajo celovite reformne ukrepe , saj so skupno odgovorne za zagotavljanje nemotenega delovanja EMU .
1.2 INSTITUTIONAL ISSUES THE TREATY OF LISBON On 13 December 2007 the Heads of State or Government of the EU Member States signed the Treaty of Lisbon amending the Treaty on European Union and the Treaty establishing the European Community .
1.2 INSTITUCIONALNA VPRAŠANJA LIZBONSKA POGODBA Voditelji držav ali vlad držav članic EU so 13 . decembra 2007 podpisali Lizbonsko pogodbo , ki spreminja Pogodbo o Evropski uniji in Pogod-bo ustanovitvi Evropske skupnosti .
The new Treaty is now in the process of being ratified by all 27 Member States .
Nova pogodba je trenutno v procesu ratifikacije , ki naj bi jo potrdilo vseh 27 držav članic .
The intention is for it to enter into force on 1 January 2009 , provided that the ratification process has been finalised by that date .
Predvideno je , da bo začela veljati 1 . januarja 2009 , če bo proces ratifikacije do takrat končan .
If this is not the case , the Treaty of Lisbon will enter into force on the first day of the month following ratification by the last Member State .
Sicer bo pogodba začela veljati prvi dan meseca , potem ko jo bo ratificirala zadnja država članica .
The new Treaty amends the Treaty establishing the European Community and the Treaty on European Union .
Nova pogodba spreminja Pogodbo o ustanovitvi Evropske skupnosti in Pogodbo o Evropski uniji .
These two Treaties will continue to be the basis on which the EU functions .
Ti dve pogodbi bosta še naprej temelj , na katerem deluje EU .
Under the new Treaty , the Community is succeeded and replaced by the Union , which will have legal personality .
Po novi pogodbi Unija nasledi in nadomesti Skupnost in je pravna oseba .
The ECB welcomes this simplification of the EU 's legal and institutional framework .
ECB pozdravlja to poenostavitev pravnega in institucionalnega okvira EU .
The ECB considered it essential that price stability should remain not only the primary objective of the ECB and the ESCB , but should also be a stated objective of the EU .
Po mnenju ECB je bistvenega pomena , da stabilnost cen ne ostane samo glavni cilj ECB in ESCB , temveč mora biti tudi cilj EU .
The new 1 In accordance with the 2005 mid-term review of the Lisbon strategy , the Integrated Guidelines are determined for a period of three years and thereafter updated annually during that period ( see the ECB 's Annual Report 2005 , pp. 140-141 ) .
Nova pogodba to predvideva , kot cilj EU pa določa tudi oblikovanju ekonomske in monetarne unije z eurom kot njeno valuto .
strengthen the coordination and surveillance of their budgetary discipline and to set out specific economic policy guidelines for the euro area countries . The ECB considers that the new Treaty broadly confirms the current set-up of EMU .
ECB , ki je trenutno organ Skupnosti , postane institucija Unije . ECB je menila , da je za uspešno opravljanje njenih nalog nujno , da se posebne institucionalne značilnosti ECB in ESCB ohranijo .
It would therefore welcome the successful completion of the ratification process . CONVERGENCE REPORTS Following requests from Cyprus and Malta , the ECB and the European Commission , in line with Article 122 of the Treaty , each prepared convergence reports on the progress made by these two countries in meeting the conditions to join the euro area .
Nova pogodba to predvideva ter potrjuje naloge in sestavo ESCB ter neodvisnost ECB in nacionalnih centralnih bank , pravno osebnost , normativna pooblastila in finančno neodvisnost ECB . Po novi pogodbi se člani Izvršilnega odbora ECB imenujejo s kvalificirano večino Evropskega Sveta in ne velja več zdajšnja zahteva po skupnem soglasju vlad držav članic na ravni voditeljev držav ali vlad .
On the basis of these convergence reports , which were published on 16 May 2007 , and a proposal from the Commission , the ECOFIN Council adopted a decision on 10 July 2007 allowing Cyprus and Malta to introduce the euro as their currency from 1 January 2008 ( see Chapter 3 ) . Treaty provides for this , as well as making an Economic and Monetary Union , with the euro as its currency , an EU objective .
Nova pogodba uvaja tudi več inovacij na področju gospodarskega upravljanja . Med temi so 1 Integrirane smernice so v skladu z vmesnim pregledom lizbonske strategije iz leta 2005 določene za obdobje treh let , potem pa se dopolnijo vsako leto ( glej Letno poročilo ECB 2005 , str .
The ECB , currently a Community body , becomes a Union institution .
140-141 ) . ECB Letno poročilo 2007
The ECB deemed it indispensable to the successful performance of its tasks that the specific institutional features of the ECB and of the ESCB be preserved .
nje se je razvijalo vzporedno s splošnim institucionalnim dialogom med EU in temi državami . Pristopna pogajanja s Hrvaško so se začela oktobra 2005 .
The new Treaty does this by confirming the tasks and composition of the ESCB and the independence of the ECB and the NCBs , as well as the legal personality , regulatory powers and financial independence of the ECB .
Pogajanja o posameznih poglavjih pravnega reda Evropskih skupnosti so se začela junija 2006 in nemoteno nadaljevala v letu 2007 , pri čemer so do konca leta potekala pogajanja o precejšnjem številu od skupaj 35 poglavij .
Under the new Treaty , the appointment of members of the ECB 's Executive Board takes place by a qualified majority of the European Council , instead of the current requirement for a common accord of the governments of the Member States at the level of Heads of State or Government .
ECB je še naprej krepila dvostranske odnose s hrvaško narodno banko , aprila 2007 so predstavniki ECB obiskali Zagreb , oktobra 2007 pa je ECB v Frankfurtu gostila guvernerja hrvaške narodne banke na letnem predpristopnem dialogu na visoki ravni .
Further to the ECB 's request , the term « Eurosystem » is introduced into the Treaties . The new Treaty also introduces several innovations in the area of economic governance .
Po začetku pristopnih pogajanj s Turčijo oktobra 2005 je Komisija junija 2006 začela pogajanja o posameznih poglavjih pravnega reda Evropskih skupnosti .
These include recognition of the Eurogroup , which retains its current informal status . Its President will serve a two and a half year term .
Decembra 2006 je Evropski svet sklenil prekiniti pogovore o 8 od skupno 35 poglavij v pristopnem procesu EU zaradi pomanjkljivega napredka na področju razširitve carinske unije na države članice EU .