natgillin/translations-raw huggingface dataset:
The size of the groups and the NCB governors » voting frequencies will be adjusted over time to accommodate any sequencing of euro area enlargement up to 27 member countries .
Velikost skupin in pogostost glasovanja guvernerjev nacionalnih centralnih bank se bosta prilagajali , tako da se bo euroobmočje lahko širilo v poljubnem vrstnem redu , vse dokler ne bo obsegalo 27 držav članic .
At an appropriate stage , the Governing Council will decide on the exact implementing provisions by a two-thirds majority of all its members .
V primernem trenutku bo Svet ECB z dvotretjinsko večino vseh svojih članov podrobno določil izvedbene določbe .
Ta b l e 2 T h e t h re e - g ro u p ro t a t i o n s y s t e m ( s e c o n d s t a g e ) -- vo t i n g f re q u e n c i e s o f g ove r n o r s i n e a c h g ro u p Number of governors in the Governing Council 16-21 No. of 1st voting rights / group No. of governors Voting frequency No. of 2nd voting rights / group No. of governors Voting frequency No. of 3rd voting rights / group No. of governors Voting frequency ∑ voting rights 15 First stage : rotation system with two groups ( see Table 1 ) 22 4/5 80 % 23 4/5 80 % 24 4/5 80 % 25 4/5 80 % 26 4/5 80 % 27 4/5 80 % 8/11 73 %
guvernerjev Pogostost glasovanja Vsota glasovalnih pravic 22 4/5 23 4/5 24 4/5 25 4/5 26 4/5 27 4/5 80 % Prva faza : sistem 8/11 rotacije dveh skupin ( glej 73 % tabelo 1 ) 3/6
8/12 67 %
80 % 8/12
8/13 62 %
80 % 8/13
8/14 57 %
80 % 8/14
3/6 50 % 15
57 % 3/8 50 % 15 15
3/6 50 % 15
50 % 15
3/7 43 % 15
43 % 15
3/8 38 % 15
38 % 15
3/8 38 % 15
38 % 15 55
56 Vo t i n g o n f i n a n c i a l m a t t e r s For decisions on some financial matters set out in the Statute of the ESCB , the votes in the Governing Council are weighted according to the NCBs » shares in the subscribed capital of the ECB .
Glasovanje o finanãnih zadevah Pri odločanju o nekaterih finančnih zadevah , določenih v Statutu ESCB , se glasovi v Svetu ECB ponderirajo v skladu z deležem nacionalne centralne banke v vpisanem kapitalu ECB .
In line with Article 46.3 of the Statute , the term « subscribed capital of the ECB » is to be read as the capital of the ECB subscribed by the euro area NCBs , i.e. excluding the shares subscribed by the non-euro area NCBs .
V skladu s členom 43.6 Statuta izraz „vpisani kapital ECB » pomeni kapital ECB , ki so ga vpisale nacionalne centralne banke euroobmočja , tj .
The votes of the Executive Board members are zero-weighted .
brez delnic , ki so jih kupile nacionalne centralne banke zunaj euroobmočja .
As already mentioned above , in the case of weighted voting , governors who are unable to participate may appoint an alternate to cast their vote .
Kot že omenjeno , lahko guverner , ki ne more biti navzoč , imenuje namestnika , da odda njegov ponderirani glas .
Under Article 10.3 of the Statute , financial matters requiring weighted voting are : the paying-up and increases in the ECB 's capital ( Article 28 ) , revisions of the ECB 's key for capital subscription ( Article 29 ) , transfers of foreign reserve assets to the ECB ( Article 30 ) , the allocation of NCBs » monetary income ( Articles 32 and 51 ) and the allocation of the ECB 's net profits and losses ( Article 33 ) .
Po členu 10.3 Statuta so finančne odločitve , za katere se glasovi ponderirajo , naslednje : vpis in povečanje kapitala ECB ( člen 28 ) , sprememba ključa za vpis kapitala ECB ( člen 29 ) , prenos deviznih rezerv na ECB ( člen 30 ) , razporeditev denarnih prihodkov nacionalnih centralnih bank ( člena 32 in 51 ) ter razporeditev čistega dobička in izgube ECB ( člen 33 ) .
As a rule , the Governing Council decides by simple majority of the weighted votes , i.e. a decision is adopted if the votes cast in its favour represent more than 50 % of the subscribed capital of the ECB .
odločitev je sprejeta , če glasovi , oddani v njeno podporo , predstavljajo več kot 50 % vpisanega kapitala ECB .
For some decisions ( such as increases in the capital of the ECB in line with Article 28.3 of the Statute and derogations from the rules for the allocation of monetary income in line with Article 32.3 of the Statute ) , a qualified majority of two-thirds and at least half of the shareholders is required .
Za nekatere odločitve ( kot je povečanje kapitala ECB v skladu s členom 28.3 Statuta in odstopanja od pravil za razporeditev denarnih prihodkov v skladu s členom 32.3 Statuta ) je potrebna kvalificirana večina dveh tretjin vpisanega kapitala in vsaj polovice delničarjev .
Date and place of meetings and confidentiality of the p ro c e e d i n g s The Governing Council meets , as a rule , twice a month . It conducts an in-depth assessment of monetary and economic developments and takes related decisions specifically at its first meeting in the month .
Datum , kraj in tajnost sej Svet ECB se praviloma sestaja dvakrat na mesec . Takrat podrobno oceni tako denarna kot gospodarska gibanja ter sprejme ustrezne sklepe , zlasti na svoji prvi seji v mesecu .
The first meeting of the month is D i a g r a m 1 T h e t h re e - g ro u p ro t a t i o n s y s t e m f o r t h e E C B G ove r n i n g C o u n c i l ( s c e n a r i o f o r a e u ro a re a o f 2 7 M e m b e r S t a t e s ) 57
Prvi seji v mesecu običajno sledi tiskovna konferenca , na Diagram 1 Sistem rotacije treh skupin v Svetu ECB ( scenarij za euroobmoãje s 27 drÏavami ãlanicami ) Člani izvršilnega odbora
B ox 8 Members of the Gover ning Council ( 1 June 1998 to 1 July 2004 ) President of the ECB Willem F. Duisenberg Jean-Claude Trichet Vice-President of the ECB Christian Noyer Lucas D. Papademos Other Executive Board members Sirkka Hämäläinen Eugenio Domingo Solans Tommaso Padoa-Schioppa Otmar Issing Gertrude Tumpel-Gugerell José Manuel González-Páramo Lorenzo Bini Smaghi Jürgen Stark 1 June 1998 to 31 October 2003 since 1 November 2003
julija 2004 ) Predsednik ECB Willem F. Duisenberg Jean-Claude Trichet Podpredsednik ECB Christian Noyer Lucas D. Papademos Drugi člani Sveta ECB Sirkka Hämäläinen Eugenio Domingo Solans Tommaso Padoa-Schioppa Otmar Issing Gertrude Tumpel-Gugerell José Manuel González-Páramo Lorenzo Bini Smaghi Jürgen Stark od 1 . junija 1998 do 31 .
1 June 1998 to 31 May 2002 since 1 June 2002
junija 1998 do 31 . maja 2002 od 1 .
1 June 1998 to 31 May 2003 1 June 1998 to 31 May 2004 1 June 1998 to 31 May 2005 1 June 1998 to 31 May 2006 since 1 June 2003 since 1 June 2004 since 1 June 2005 since 1 June 2006
junija 2006 Guvernerji nacionalnih centralnih bank euroobmočja Nationale Bank van België / Banque Nationale de Belgique Alfons Verplaetse od 1 .
Euro area NCB governors Nationale Bank van België / Banque Nationale de Belgique Alfons Verplaetse 1 June 1998 to 28 February 1999 Guy Quaden since 1 March 1999 Deutsche Bundesbank Hans Tietmeyer Ernst Welteke Axel Weber ( Ad interim , Jürgen Stark , Vice-President ) Bank of Greece Lucas D. Papademos Nicholas C. Garganas Banco de España Luis Ángel Rojo Jaime Caruana Banque de France Jean-Claude Trichet Christian Noyer
februarja 1999 Guy Quaden od 1 . marca 1999 Deutsche Bundesbank Hans Tietmeyer Ernst Welteke Axel Weber ( začasno Jürgen Stark , podpredsednik ) Bank of Greece Lucas D. Papademos Nicholas C. Garganas Banco de España Luis Ángel Rojo Jaime Caruana Banque de France Jean-Claude Trichet Christian Noyer
1 June 1998 to 31 August 1999 1 September 1999 to 16 April 2004 since 30 April 2004
septembra 1999 do 16 . aprila 2004 od 30 .
1 January 2001 to 31 May 2002 since 1 June 2002
januarja 2001 do 31 . maja 2002 od 1 .
1 June 1998 to 11 July 2000 since 12 July 2000
junija 1998 do 11 . julija 2000 od 12 .
1 June 1998 to 31 October 2003 since 1 November 2003
junija 1998 do 31 . oktobra 2003 od 1 .
Central Bank & Financial Services Authority of Ireland Maurice O' Connell 1 June 1998 to 10 March 2002 John Hurley since 11 March 2002
Central Bank & Financial Services Authority of Ireland Maurice O' Connell od 1 . junija 1998 do 10 .
B ox 8 Members of the Governing Council ( 1 June 1998 to 1 July 2004 ) ( cont' d ) Banca d' Italia Antonio Fazio 1 June 1998 to 19 December 2005 Mario Draghi since 16 January 2006 ( Ad interim , Vincenzo Desario , Acting Governor ) Banque centrale du Luxembourg Yves Mersch De Nederlandsche Bank Nout Wellink Oesterreichische Nationalbank Klaus Liebscher Banco de Portugal António José Fernandes de Sousa Vítor Constâncio
decembra 2005 Mario Draghi od 16 . januarja 2006 ( začasno Vincenzo Desario , vršilec dolžnosti guvernerja ) Banque centrale du Luxembourg Yves Mersch De Nederlandsche Bank Nout Wellink Oesterreichische Nationalbank Klaus Liebscher Banco de Portugal António José Fernandes de Sousa Vítor Constâncio
since 1 June 1998
od 1 . junija 1998
1 June 1998 to 22 February 2000 since 23 February 2000
junija 1998 do 22 . februarja 2000 od 23 .
Suomen Pankki -- Finlands Bank Matti Vanhala 1 June 1998 to 15 March 2004 Erkki Liikanen from 12 July 2004 ( Ad interim , Matti Louekoski , Deputy Governor )
marca 2004 Erkki Liikanen od 12 . julija 2004 ( začasno Matti Louekoski , namestnik guvernerja )
usually followed by a press conference in which the President and the Vice-President report on the outcome of the deliberations .
kateri predsednik in podpredsednik poročata o izidu posvetovanj .
The second meeting usually focuses on issues related to other tasks and responsibilities of the ECB and the Eurosystem . Meetings of the Governing Council are in general held at the premises of the ECB in Frankfurt .
Druga seja se običajno osredotoča na zadeve , povezane z drugimi nalogami in odgovornostmi ECB in Eurosistema . Seje Sveta ECB na splošno potekajo v prostorih ECB v Frankfurtu .
However , since 2000 , two meetings per year are held outside Frankfurt in member countries of the euro area and hosted by the respective central bank .
Dve seji na leto potekata zunaj Frankfurta v državah članicah euroobmočja , kjer je gostiteljica zadevna centralna banka .
Occasionally , meetings are held by teleconference .
Seje občasno potekajo tudi v obliki telekonference .
Furthermore , decisions may be taken by written procedure .
Odločitve pa se lahko sprejemajo tudi po pisnem postopku .
In line with Article 10.4 of the Statute , the proceedings of the meetings are confidential .
V skladu s členom 10.4 Statuta so seje tajne .
While this provision does not allow the ECB to release the minutes of the meetings it does not prevent it from informing the public of all relevant aspects of the deliberations in the Governing Council ( see Section 4.2.3 ) .
Medtem ko ta določba ECB ne dovoljuje objave zapisnikov sej , pa ji ne preprečuje , da bi javnost seznanila z vsemi pomembnimi vidiki posvetovanj Sveta ECB .
E xe c u t i ve B o a rd The Executive Board is the operational decision-making body of the ECB .
Izvr‰ilni odbor Izvršilni odbor je operativni organ odločanja ECB .
It is responsible for all the decisions that have to be taken on a day-to-day basis .
Odgovoren je za vse odločitve , ki se morajo sprejemati vsakodnevno .
Given the nature of monetary policy , the ECB is required to react and adapt to rapidly changing conditions in the money and capital markets , to address specific cases and to deal with matters of urgency .
Narava denarne politike zahteva , da se ECB hitro odziva na spreminjajoče se razmere na denarnih in kapitalskih trgih , obravnava posebne primere ter rešuje nujne probleme .
This function can only be performed by a body whose members are involved permanently and exclusively in the implementation of the ECB 's policies .
To lahko počne le organ , katerega člani se stalno in izključno ukvarjajo z izvajanjem politik ECB .
59 Composition The Executive Board has six members -- the President , the Vice-President and four other members -- who are all persons of recognised standing and professional experience in monetary and banking matters .
Sestava Izvršilni odbor ima šest članov -- predsednika , podpredsednika in še štiri člane -- ki so vsi ugledni in izkušeni strokovnjaki s področja denarnih in bančnih zadev .
Appointments are made by common accord of the governments of the euro area countries at the level of Heads of State or Government , on a recommendation from the EU Council , after consulting the European Parliament and the Governing Council of the ECB .
Soglasno jih imenujejo vlade držav članic na ravni voditeljev držav ali vlad na 58 priporočilo Sveta EU , ki se v ta namen posvetuje z Evropskim parlamentom in Svetom ECB .
Prior to the establishment of the ECB , the EMI Council was consulted in May 1998 on the six nominees for the ECB 's first Executive Board .
Pred ustanovitvijo ECB so maja 1998 o šestih predlaganih članih prvega Izvršilnega odbora ECB potekala posvetovanja s Svetom EMI .
The members of the Executive Board are appointed on a full-time basis .
Člani Izvršilnega odbora so imenovani za poln delovni čas .
Their terms and condition of employment ( e.g. salaries , pensions and other social security benefits ) are the subject of contracts with the ECB and are fixed by the Governing Council ( without the votes from the members of the Executive Board ) .
Pogoji njihove zaposlitve ( na primer plače , pokojnine in druge socialnovarstvene dajatve ) so predmet pogodb z ECB in jih določi Svet ECB ( brez glasov članov Izvršilnega odbora ) .
In these matters , the Governing Council acts on proposals from a Committee comprising three members appointed by the Governing Council and three members appointed by the Council .
Svet ECB obravnava te zadeve na predlog odbora , sestavljenega iz treh članov , ki jih imenuje Svet ECB , in treh članov , ki jih imenuje Svet EU .
The three appointees of the Governing Council are current or former NCB governors , while those of the EU Council are chosen from among the members of the ECOFIN Council .
Trije člani , ki jih imenuje Svet ECB , so aktualni ali bivši guvernerji nacionalnih centralnih bank , medtem ko so trije člani , ki jih imenuje Svet EU , člani Ekonomsko-finančnega sveta .
Responsibilities The main responsibilities of the Executive Board are : -* to prepare Governing Council meetings ;
Pristojnosti Glavne pristojnosti Izvršilnega odbora so : -* pripravljati seje Sveta ECB ;
-* to implement the monetary policy of the euro area in line with the guidelines and decisions laid down by the Governing Council and , in so doing , to give the necessary instructions to the euro area NCBs ;
-* izvajati denarno politiko euroobmočja v skladu s smernicami in sklepi Sveta ECB ter s tem v zvezi dajati potrebna navodila nacionalnim centralnim bankam euroobmočja ;
-* to manage the current business of the ECB ;
-* voditi tekoče posle ECB ;
-* to exercise certain powers delegated to it by the Governing Council , including some of a regulatory nature .
-* izvajati določena pooblastila , ki jih nanj prenese Svet ECB , vključno z nekaterimi normativnimi pooblastili .
Preparing the meetings of the Governing Council involves drawing up the agendas of the meetings , preparing the necessary documents for the Governing Council 's deliberation and making proposals for the decisions to be taken .
Priprava sestankov Sveta ECB vključuje izdelavo dnevnih redov sestankov , pripravo potrebnih dokumentov za razpravo Sveta ECB in oblikovanje predlogov sklepov , ki bodo sprejeti .
Thus , in practice , albeit not formally , the Executive Board has the right of initiative for decisions by the Governing Council .
Tako ima Izvršilni odbor praktično , čeprav ne formalno pravico , da daje pobude za sklepe Sveta ECB .
Implementing the monetary policy is an exclusive competence assigned to the Executive Board by the EC Treaty ;
Izvajanje denarne politike je po Pogodbi ES v izključni pristojnosti Izvršilnega odbora ;
the Governing Council may not therefore perform this function .
Svet ECB torej ne sme opravljati te naloge .
Responsibility for implementing monetary policy is substantiated in the Executive Board 's power to adopt ECB instructions addressed to euro area NCBs ;
Pristojnost Izvršilnega odbora za izvajanje denarne politike je podkrepljena z njegovim pooblastilom , da izdaja navodila ECB nacionalnim centralnim bankam euroobmočja ;
assigning this function to the Board ensures the ECB 's capacity to react and adapt to rapidly changing conditions in the money and capital markets , and to deal with specific and urgent cases .
dodelitev te naloge Izvršilnemu odboru zagotavlja , da se ECB lahko odziva na hitro se spreminjajoče razmere na denarnih in kapitalskih trgih in se jim prilagaja ter da lahko obravnava posebne in nujne primere .
By delegation from the Governing Council , the Executive Board adopts and publishes the monthly reports ( Article 15.1 of the Statute of the ESCB ) , the weekly consolidated financial statements ( Article 15.2 ) and the consolidated balance sheets ( Article 26.3 ) from among the statutorily prescribed reports of the ECB .
Izvršilni odbor na podlagi pooblastila Sveta ECB od vseh zakonsko predpisanih poročil ECB6 sprejema in objavlja mesečna poročila ( člen 15.1 Statuta ESCB ) , konsolidirani računovodski izkaz ( člen 15.2 ) in konsolidirano bilanco stanja ( člen 26.3 ) .
6 It also assumes delegated powers in relation to the management of the ECB 's foreign reserve holdings .
Prav tako izvaja pooblastila v zvezi z upravljanjem deviznih rezerv ECB .
Finally , the Executive Board is also responsible for imposing sanctions on third parties for failure to comply with the regulations of the ECB ( see Section 2.5.3 ) .
Končno je Izvršilni odbor pristojen tudi za nalaganje sankcij tretjim osebam zaradi neskladnosti s predpisi ECB ( glej razdelek 2.5.3 ) .
In terms of managing the current business of the ECB , the Executive Board is also responsible for organising the internal structure of the ECB and establishing the rules for selecting , appointing and promoting the staff of the ECB ( see Section 6.2 ) .
59 Glede vodenja tekočih poslov ECB se Izvršilni odbor ukvarja tudi z organizacijo interne strukture ECB ter z določanjem pravil za izbor , zaposlitev in napredovanje osebja ECB ( glej razdelek 6.2 ) .
P ro c e d u re s Like the Governing Council , the Executive Board acts as a collegiate body .
Postopki Enako kot Svet ECB tudi Izvršilni odbor deluje kot kolegij .
Article 11.5 of the Statute of the ESCB states that « each member of the Executive Board present in person shall have the right to vote and shall have , for that purpose , one vote » .
Člen 11.5 Statuta ESCB določa , da „imajo vsi osebno navzoči člani Izvršilnega odbora pravico glasovati in imajo v ta namen en glas » .
The principle of collegiate responsibility means that decisions are subject to collective deliberation and that all members bear collective responsibility for them .
To načelo kolegijske odgovornosti pomeni , da so odločitve predmet skupnih razprav in da vsi člani nosijo kolektivno odgovornost zanje .
The Executive Board currently meets at least once a week .
Izvršilni odbor se trenutno sestaja vsaj enkrat na teden .
It normally acts by a simple majority of the votes cast by the members who are present in person . In the event of a tie , the President has the casting vote .
Običajno odloča z navadno večino glasov , ki jih oddajo osebno prisotni člani . Pri neodločenem izidu glasovanja ima predsednik odločilni glas .
S p e c i f i c re s p o n s i b i l i t i e s o f t h e E C B P re s i d e n t As member of the Executive Board , the President of the ECB is a first among equals and bound by the decisions of the Executive Board .
Posebne pristojnosti predsednika ECB Kot član Izvršilnega odbora je predsednik ECB prvi med enakimi in zavezan sklepom Izvršilnega odbora .
Nevertheless , the Statute of the ESCB gives the President a prominent role by reserving certain important functions exclusively for him ( or , in his absence , the Vice-President ) : the chair of all three decision-making bodies of the ECB , the casting vote in the Governing Council and on the Executive Board , the external representation of the ECB ( for instance at the international level ) , the presentation of the ECB 's Annual Report to the European Parliament and the EU Council and the possibility to attend sessions of the ECOFIN Council and the Eurogroup .
Kljub temu mu daje Statut ESCB izstopajočo vlogo , ker določene pomembne naloge pridržuje izključno zanj ( ali v njegovi odsotnosti za podpredsednika ) : predsedovanje vsem trem organom odločanja ECB , odločilni glas v Svetu ECB in Izvršilnem odboru , zastopanje ECB navzven ( na primer na mednarodni ravni ) , predstavitev letnega poročila Evropskemu parlamentu in Svetu EU ter možnost prisostvovanja sejam Ekonomsko-finančnega sveta in Euroskupine .
Under the ECB 's Rules of Procedure , decisions on the individual responsibilities of the members of the Executive Board with respect to the current business of the ECB cannot be taken against the vote of the President .
Po Poslovniku ECB se odločitve o pristojnostih posameznih članov Izvršilnega odbora glede tekočih poslov ECB ne morejo sprejeti , če je Predsednik proti .
General Council The General Council ensures an institutional link between the Eurosystem and the NCBs of the non-euro area Member States .
Raz‰irjeni svet Razširjeni svet zagotavlja institucionalno povezavo med Eurosistemom in nacionalnimi centralnimi bankami držav članic zunaj euroobmočja .
Its existence , composition and responsibilities are a consequence of the different levels of integration in EMU ( see Section 1.2.2 ) .
Njegov obstoj , sestava in pristojnosti so posledica različnih ravni vključenosti v ekonomsko in monetarno unijo ( glej razdelek 1.2.2 ) .
As such , the General Council will be dissolved when all EU Member States have adopted the euro as their currency . 6
Kot tak bo Razširjeni svet razpuščen , ko bodo vse države članice EU uvedle euro kot svojo valuto .
61 The status of the General Council as a decision-making body of the ESCB underlines the importance which the authors of the Treaty attached to preserving links and cooperation with the NCBs of EU Member States that have not yet adopted the euro .
Status Razširjenega sveta kot organa odločanja ESCB poudarja pomen , ki so ga avtorji Pogodbe pripisali ohranjanju povezav in sodelovanja z nacionalnimi centralnimi bankami držav članic EU , ki še niso uvedle eura .
Composition The General Council comprises the President and Vice-President of the ECB and the governors of all EU NCBs ; so it currently has 27 members .
Sestava Razširjeni svet sestavljajo predsednik in podpredsednik ECB ter guvernerji vseh nacionalnih centralnih bank EU ( trenutno ima torej 27 članov ) .
The other four members of the Executive Board may attend meetings but do not have the right to vote .
Preostali štirje člani Izvršilnega odbora smejo prisostvovati sejam , vendar nimajo glasovalne pravice .
The central bank governors of acceding countries ( currently Bulgaria and Romania ) attend as observers .
Guvernerji centralnih bank držav pristopnic ( trenutno Bolgarije in Romunije ) sodelujejo kot opazovalci .
As with the Governing Council , the President of the EU Council and a member of the European Commission may also participate in General Council meetings , but they do not possess voting rights either .
Enako kot to velja za seje Sveta ECB smeta tudi sejam Razširjenega sveta prisostvovati predsednik Sveta EU in član Evropske komisije , vendar nobeden nima glasovalne pravice .
Responsibilities The General Council performs the tasks taken over from the EMI which , given that not all Member States have adopted the euro , still have to be performed by the ECB in Stage Three of EMU .
Pristojnosti Razširjeni svet opravlja naloge , ki jih je prevzel od EMI in jih mora ECB v tretji fazi ekonomske in monetarne unije še opravljati glede na to , da vse države članice 60 še niso uvedle eura .
Therefore , it is primarily responsible for giving advice on the necessary preparations for joining the Eurosystem .
Zato je predvsem pristojen za svetovanje glede potrebnih priprav za pridružitev Eurosistemu .
In this context , the General Council also adopts the convergence reports which are required by the Treaty ( see Section 1.2.2 ) .
V tem kontekstu Razširjeni svet sprejema tudi konvergenčna poročila , ki so zahtevana po Pogodbi ( glej razdelek 1.2.2 ) .
The General Council also monitors the functioning of ERM II ( see Section 3.2.1 ) .
Razširjeni svet spremlja in nadzira tudi delovanje ERM II ( glej razdelek 3.2.1 ) .