natgillin/translations-raw huggingface dataset:
B ox 6 C o n d i t i o n s n e c e s s a r y f o r t h e a d o p t i o n o f t h e e u ro ( c o n t « d ) Under Article 104 ( 2 ) of the EC Treaty , Member States « shall avoid excessive government deficits » .
Okvir 6 Pogoji za uvedbo eura V skladu s členom 104 Pogodbe se države članice „izogibajo čezmernemu javnofinančnemu primanjkljaju » .
The Commission examines compliance with budgetary discipline , in particular on the basis of the following criteria : « ( a ) whether the ratio of the planned or actual government deficit to gross domestic product exceeds a reference value [ defined in the Protocol on the excessive deficit procedure as 3 % of GDP ] , unless : -* either the ratio has declined substantially and continuously and reached a level that comes close to the reference value , or , alternatively , the excess over the reference value is only exceptional and temporary and the ratio remains close to the reference value ;
Komisija preverja skladnost s proračunsko disciplino zlasti na podlagi naslednjih kriterijev : „ ( a ) ali razmerje med načrtovanim ali dejanskim javnofinančnim primanjkljajem in bruto domačim proizvodom presega referenčno vrednost [ ki je v Protokolu o postopku v zvezi s čezmernim primanjkljajem določena kot 3 % BDP ] , razen : -* če se ni to razmerje znatno in stalno zmanjševalo ter doseglo ravni blizu referenčne vrednosti , oziroma če ni preseganje referenčne vrednosti le izjemno in začasno , razmerje pa ostaja blizu referenčne vrednosti ;
-* ( b ) whether the ratio of government debt to gross domestic product exceeds a reference value [ defined in the Protocol on the excessive deficit procedure as 60 % of GDP ] , unless the ratio is sufficiently diminishing and approaching the reference value at a satisfactory pace » .
ali razmerje med javnim dolgom in bruto domačim proizvodom presega referenčno vrednost [ ki je v Protokolu o postopku v zvezi s čezmernim primanjkljajem opredeljena kot 60 % BDP ] , razen če se razmerje ne znižuje zadosti in dovolj hitro približuje referenčni vrednosti ." -*
E x c h a n g e r a t e d eve l o p m e n t s The third indent of Article 121 ( 1 ) of the EC Treaty requires « the observance of the normal fluctuation margins provided for by the exchange-rate mechanism of the European Monetary System , for at least two years , without devaluing against the currency of any other Member State » .
Teãajna gibanja Tretja alinea člena 121 ( 1 ) Pogodbe ES zahteva „upoštevanje normalnih meja nihanja , predvidenih z mehanizmom deviznega tečaja evropskega monetarnega sistema , v obdobju najmanj dveh let brez devalvacije glede na valuto katere koli druge države članice » .
Article 3 of the Protocol states that « the criterion on participation in the exchange-rate mechanism of the European Monetary System [...
Člen 3 Protokola pravi , da „kriterij sodelovanja v mehanizmu deviznega tečaja evropskega monetarnega sistema [...
] shall mean that a Member State has respected the normal fluctuation margins provided for by the exchange-rate mechanism of the European Monetary System without severe tensions for at least the last two years before the examination .
] pomeni , da je država članica upoštevala normalne meje nihanja , predvidene z mehanizmom deviznega tečaja evropskega monetarnega sistema brez hujših napetosti vsaj dve leti pred pregledom .
In particular , the Member State shall not have devalued its currency 's bilateral central rate against any other Member State 's currency on its own initiative for the same period » .
Država članica v tem času zlasti ni na lastno pobudo devalvirala dvostranskega osrednjega tečaja svoje valute glede na valuto druge države članice » .
As regards the application of these provisions , the EMI and the ECB have pointed out in the convergence reports of 1998 , 2000 and 2002 that , when the Treaty was conceived , the normal fluctuation margins were ± 2.25% around bilateral central rates , whereas a ± 6 % band was a derogation from the rule .
Glede uporabe teh določb sta EMI in ECB v svojih konvergenčnih poročilih za leta 1998 , 2000 in 2002 opozorila , da so bile v času priprave Pogodbe normalne meje nihanja ± 2,25% okrog dvostranskih osrednjih tečajev , medtem ko je pas ± 6 % pomenil odstopanje od pravila .
In August 1993 , the decision was taken to widen the fluctuation margins to ± 15 %, and the interpretation of the criterion , in particular the concept of « normal fluctuation margins » , became less straightforward .
Avgusta 1993 je bila sprejeta odločba o razširitvi meja nihanja na ± 15 %, s čimer je razlaga kriterija , zlasti pojma „normalne meje nihanja » , postala težja .
Account would therefore need to be taken of how each exchange rate had developed within the European Monetary System ( EMS ) since 1993 in forming an ex post judgement .
Zato je pri oblikovanju naknadne presoje treba upoštevati gibanja posameznih deviznih tečajev v evropskem monetarnem sistemu ( EMS ) od leta 1993 dalje .
Emphasis is therefore placed on exchange rates being close to the respective ERM / ERM II central rates .
Pri tem se zlasti upošteva , ali je devizni tečaj blizu osrednjega tečaja v ERM / ERM II .
L o n g - t e r m i n t e re s t r a t e d eve l o p m e n t s The fourth indent of Article 121 ( 1 ) of the EC Treaty requires « the durability of convergence achieved by the Member State and of its participation in the exchange-rate mechanism of the European Monetary System being reflected in the long-term interestrate levels » .
Gibanja dolgoroãnih obrestnih mer Četrta alinea člena 121 ( 1 ) Pogodbe ES zahteva „trajnost dosežene konvergence in sodelovanja države članice v mehanizmu deviznega tečaja evropskega monetarnega sistema , kar se kaže v ravni dolgoročnih obrestnih mer » .
B ox 6 C o n d i t i o n s n e c e s s a r y f o r t h e a d o p t i o n o f t h e e u ro ( c o n t « d ) Article 4 of the Protocol states that « the criterion on the convergence of interest rates [...
Okvir 6 Pogoji za uvedbo eura Člen 4 Protokola pravi , da „kriterij konvergence obrestnih mer [...
] shall mean that , observed over a period of one year before the examination , a Member State has had an average nominal long-term interest rate that does not exceed by more than 2 percentage points that of , at most , the three best performing Member States in terms of price stability .
] pomeni , da ima država članica v enem letu pred pregledom tako povprečno dolgoročno nominalno obrestno mero , ki ne presega za več kakor 2 odstotni točki dolgoročne obrestne mere v največ treh državah članicah z najboljšimi doseženimi rezultati glede stabilnosti cen .
Interest rates shall be measured on the basis of longterm government bonds or comparable securities , taking into account differences in national definitions » .
Obrestne mere se izračunajo na podlagi dolgoročnih državnih obveznic ali primerljivih vrednostnih papirjev , upoštevaje razlike v definicijah posameznih držav » .
L e g a l c o nve r g e n c e All Member States » national legislation , including the statutes of their NCBs , must be compatible with Articles 108 and 109 of the EC Treaty and with the Statute of the ESCB .
Pravna konvergenca Vsaka država članica mora zagotoviti , da je njena nacionalna zakonodaja , vključno s statutom nacionalne centralne banke , združljiva s členoma 108 in 109 Pogodbe ES in s Statutom ESCB .
The term « compatible » indicates that the Treaty does not require « harmonisation » of the statutes of the NCBs , either among themselves or with that of the ESCB .
Izraz „združljivost » opozarja , da Pogodba ne zahteva „harmonizacije » statutov nacionalnih centralnih bank , niti medsebojne niti s Statutom ESCB .
Instead it means that national legislation should be adjusted to eliminate inconsistencies with the Treaty and the Statute of the ESCB , in particular provisions that would infringe on the independence of the respective NCB and its role as an integral part of the ESCB .
To pomeni , da se morajo nacionalne zakonodaje prilagoditi zaradi odprave neskladnosti s Pogodbo in Statutom ESCB , še posebno določbe , ki bi posegale v neodvisnost zadevne nacionalne centralne banke in njeno vlogo kot sestavnega dela ESCB .
Incompatibilities have been removed by the time the Member State adopts the euro .
Nezdružljivost se mora odpraviti do trenutka , ko država članica uvede euro .
A Member State 's obligation to adjust its legislation exists despite the supremacy of the Treaty and the Statute of the ESCB over national legislation .
Obveznost države članice , da prilagodi svojo zakonodajo , obstaja navkljub prevladi Pogodbe in Statuta ESCB nad nacionalno zakonodajo .
It ensures that national legislation is a priori consistent with Community law .
Zagotavlja , da je nacionalna zakonodaja a priori skladna z zakonodajo Skupnosti .
For the purpose of identifying the areas in which adaptation is necessary the ECB examines : -* the independence of the NCB ( legal , institutional and functional independence and security of tenure of the members of the decision-making bodies ) ;
Za določitev področij , kjer je potrebna prilagoditev , ECB preveri : -* neodvisnost nacionalne centralne banke ( pravno , institucionalno in funkcionalno neodvisnost ter varnost mandata članov organov odločanja ) ;
-* the legal integration of the NCB into the ESCB ( including statutory objectives , tasks , instruments , organisation and financial provisions ) ;
-* pravno integracijo nacionalne centralne banke v ESCB ( vključno z zakonskimi cilji , nalogami , instrumenti , organizacijo in finančnimi določbami ) ;
-* other legislation which has a bearing on the full participation of the Member State in Stage Three of EMU ( including provisions on the issue of banknotes and coins , holding and management of foreign reserves and exchange rate policy ) .
-* druge predpise , ki vplivajo na polno sodelovanje države članice v tretji fazi ekonomske in monetarne unije ( vključno z določbami o izdajanju bankovcev in kovancev , imetju in upravljanju deviznih rezerv ter tečajni politiki ) .
Other factors Article 121 ( 1 ) of the EC Treaty also requires the Commission and EMI ( now the ECB ) to take account of several other factors , namely « the development of the ecu , the results of the integration of markets , the situation and development of the balances of payments on current account and an examination of the development of unit labour costs and other price indices » .
Drugi dejavniki Člen 121 ( 1 ) Pogodbe ES zahteva , da Komisija in EMI ( zdaj ECB ) upoštevata tudi več drugih dejavnikov , namreč „razvoj ekuja , rezultate združevanja trgov , stanje in razvoj tekočega računa plačilne bilance ter preverjanje gibanja stroškov dela na enoto in drugih cenovnih kazalcev » .
The development of the ECU was a factor considered in 1998 during the move to Stage Three of EMU .
Razvoj ekuja je dejavnik , ki se je upošteval leta 1998 med prehodom v tretjo fazo ekonomske in monetarne unije .
However , now that the euro has superseded the ECU this factor will no longer play a role in assessments of convergence .
Odkar pa je euro nasledil eku , je ta dejavnik pri ocenjevanju konvergence izgubil pomen .
B ox 6 C o n d i t i o n s n e c e s s a r y f o r t h e a d o p t i o n o f t h e e u ro ( c o n t « d ) P ro c e d u re s The ECB ( in 1998 , the EMI ) and the European Commission assess whether each EU Member State has fulfilled the above conditions .
Postopki ECB ( leta 1998 EMI ) in Evropska komisija presojata , ali je posamezna država članica EU izpolnila omenjene pogoje .
Both bodies act individually and independently .
Oba organa delujeta samostojno in neodvisno .
Their first convergence reports were issued in 1998 at the time of the move to Stage Three of EMU .
Svoje prvo konvergenčno poročilo sta izdala leta 1998 , v času prehoda v tretjo fazo ekonomske
The situation of Member States with a derogation is assessed at least once every two years or at the request of a Member State with a derogation .
Situacija v državah članicah z odstopanjem se presoja najmanj vsaki dve leti ali na zahtevo države članice z odstopanjem .
The procedural steps for the move to Stage Three of EMU in 1998 were carried out in line with Article 121 of the EC Treaty : -* Reports by the EMI and the European Commission ;
Postopkovni koraki za prehod v tretjo fazo ekonomske in monetarne unije leta 1998 so bili opravljeni skladno s členom 121 Pogodbe ES : -* poročila EMI in Evropske komisije ;
-* Recommendations from both the Commission and the ECOFIN Council ;
-* priporočilo Komisije in Ekonomsko-finančnega sveta ;
-* Consultation of the European Parliament ;
-* posvetovanje z Evropskim parlamentom ;
-* Decision of the EU Council , meeting in the composition of the Heads of State or Government .
-* odločba , ki jo Svet EU sprejme v sestavi voditeljev držav ali vlad .
For the review and abrogation of a derogation , Article 122 of the EC Treaty requires the following procedural steps : -* Reports by the ECB and the European Commission ;
Za pregled in odpravo odstopanja so po členu 122 Pogodbe ES predpisani naslednji postopkovni koraki : -* poročila ECB in Evropske komisije ;
-* Proposal from the Commission ;
-* predlog Komisije ;
-* Discussion in the EU Council , meeting in the composition of the Heads of State or Government ;
-* razprava v Svetu EU v sestavi voditeljev držav ali vlad ;
-* Decision by the ECOFIN Council .
-* odločba Ekonomsko-finančnega sveta .
E U M e m b e r S t a t e s w i t h a d e ro g a t i o n Under Article 122 of the EC Treaty , an EU Member State that does not fulfil the conditions necessary for the adoption of the euro is deemed to have a derogation . This means that the Member State concerned does not participate in the single currency area .
Evropska komisija in ECB ( leta 1998 EMI ) neodvisno ena od druge presojata ekonomsko in pravno konvergenco ter o svojih ugotovitvah poročata Svetu EU ( tako v sestavi Ekonomsko-finančnega sveta kot v sestavi voditeljev držav ali vlad ) , ki nato sprejme končno odločitev . DrÏave ãlanice EU z odstopanjem Po členu 122 Pogodbe ES za državo članico EU , ki ne izpolnjuje potrebnih pogojev za uvedbo eura , velja odstopanje .
It retains its monetary sovereignty with its own currency and existing powers in the field of monetary policy and is not bound by the rules concerning economic policy that only apply to Member States participating in Stage Three of EMU .
Zadrži svojo denarno suverenost , svojo valuto in pristojnosti na področju denarne politike ter ni zavezana pravilom ekonomske politike , ki veljajo le za države članice , ki sodelujejo v tretji fazi ekonomske in monetarne unije .
However , the Member States with a derogation remain committed to the objective of the introduction of a single currency ( Article 4 ( 2 ) of the EC Treaty ) and are under the obligation to achieve economic and legal convergence as a precondition for the eventual adoption of the single currency .
Države članice z odstopanjem kljub temu ostanejo zavezane cilju uvedbe enotne valute ( člen 4 ( 2 ) Pogodbe ES ) ter morajo doseči ekonomsko in pravno konvergenco kot predpogoj poznejše uvedbe eura .
Likewise , Article 108 on central bank independence also applies to these Member States .
Prav tako za te države članice velja člen 108 o neodvisnosti centralnih bank .
A derogation is temporary .
Odstopanje je le začasno .
The EU Council reviews the situation once every two years on the basis of reports from the ECB and the European Commission .
Svet EU vsaki dve leti preveri situacijo na podlagi poročil ECB in Evropske komisije .
If the Council ( meeting in both the ECOFIN composition and the composition of Heads of State or Government ) concludes that a Member State fulfils the criteria of economic and legal convergence , its derogation is abrogated and it must adopt the euro as its currency .
Če Svet ( tako v sestavi Ekonomskofinančnega sveta kot v sestavi voditeljev držav ali vlad ) odloči , da država članica izpolnjuje kriterije ekonomske in pravne konvergence , se njeno odstopanje odpravi , nakar mora uvesti euro .
At present , Sweden and the ten countries that joined the European Union on 1 May 2004 are Member States with a derogation .
Trenutno so države članice z odstopanjem Švedska in deset držav , ki so se Evropski uniji pridružile 1 . maja 2004 .
Sweden has not yet fulfilled the requirement of legal convergence .
Švedska še ni izpolnila kriterija pravne konvergence .
Except for Slovenia , which will join the euro area on 1 January 2007 , the new Member States must still prove in the years ahead that they fulfil the conditions necessary for the adoption of the euro as their currency .
Nove države članice , z izjemo Slovenije , ki se bo euroobmočju pridružila 1 . januarja 2007 , pa morajo v naslednjih letih še dokazati , da izpolnjujejo pogoje , potrebne za uvedbo eura .
EU Member States with a special status Under Protocols annexed to the EC Treaty47 , Denmark and the United Kingdom have been exempted from participation in Stage Three of EMU .
DrÏave ãlanice EU s posebnim statusom V protokolih , priloženih Pogodbi ES47 , je določeno , da sta Danska in Združeno kraljestvo oproščena sodelovanja v tretji fazi ekonomske in monetarne unije .
This means that Denmark and the United Kingdom had the right to choose whether or not to participate in Stage Three of EMU before it started on 1 January 1999 .
To pomeni , da sta se Danska in Združeno kraljestvo pred začetkom tretje faze ekonomske in monetarne unije lahko odločila , ali bosta v njej sodelovala ali ne .
Both countries exercised this right ( Denmark in December 1992 and the United Kingdom in October 1997 ) and notified the EU Council of their intention not to move to Stage Three .
Obe državi sta izkoristili to pravico ( Danska decembra 1992 , Združeno kraljestvo pa oktobra 1997 ) in Svet EU obvestili , da ne nameravata sodelovati v tretji fazi .
As regards the scope of the exemptions , the Protocol on Denmark states that the exemption shall have the same effect as a derogation .
Glede področja uporabe izjem Protokol o Danski predvideva , da ima izjema enak učinek kot odstopanje .
The Protocol on the United Kingdom goes much further . It exempts it from further Treaty provisions .
Protokol o Združenem kraljestvu pa gre veliko dlje , saj to državo oprošča tudi drugih določb Pogodbe .
In particular , it waives the application of Article 4 ( 2 ) of the EC Treaty under which both the Community and the Member States remain committed to the objective of the introduction of a single currency and Article 108 on central bank independence .
Zlasti uveljavlja odstopanje od uporabe člena 4 ( 2 ) Pogodbe ES , po katerem Skupnost in države članice ostajajo zavezane cilju uvedbe enotne valute , in člena 108 o neodvisnosti centralnih bank .
The exemptions granted to Denmark and the United Kingdom are permanent .
Izjeme , odobrene Danski in Združenemu kraljestvu , so trajne .
However , both Member States have retained the right to « opt in » at a later stage , provided that they then fulfil the conditions necessary for the adoption of the euro .
Vendar pa sta si obe državi pridržali pravico , da se pozneje pridružita monetarni uniji , pod pogojem , da bosta takrat izpolnjevali pogoje , potrebne za uvedbo eura .
Protocol on certain provisions relating to Denmark ; and Protocol on certain provisions relating to the United Kingdom of Great Britain and Northern Ireland .
Protokol o nekaterih določbah , ki se nanašajo na Dansko , ter Protokol o nekaterih določbah , ki se nanašajo na Združeno kraljestvo Velika Britanija in Severna Irska .
Governing Council meeting at the ECB in November 2006 .
Seja Sveta ECB v prostorih Evropske centralne banke novembra 2006 .
2 CENTRAL BANKING IN EMU : LEGAL , I N S T I T U T I O N A L A N D O R G A N I S AT I O N A L ASPECTS Having adopted the euro as their single currency , the EU Member States that are part of the euro area have relinquished their monetary sovereignty .
2 CENTRALNO BANâNI · TVO V EKONOMSKI IN MONETARNI UNIJI : PRAVNI , INSTITUCIONALNI IN ORGANIZACIJSKI VIDIKI Z uvedbo eura kot enotne valute so se države članice EU , ki so del euroobmočja , odrekle svoji denarni suverenosti .
The ECB , as the core of the newly established central banking system called the European System of Central Banks ( ESCB ) , has taken on responsibility for the monetary policy in the euro area .
Odgovornost za denarno politiko v euroobmočju je prevzela ECB kot jedro novoustanovljenega Evropskega sistema centralnih bank ( ESCB ) .
1 T H E E C B , T H E E S C B A N D T H E E U RO S Y S T E M Under the EC Treaty , the ESCB is entrusted with carrying out central banking functions for the euro .
2.1 ECB , ESCB IN EUROSISTEM Po Pogodbi ES je ESCB zadolžen za opravljanje centralnobančnih nalog v zvezi z eurom .
However , as the ESCB has no legal personality of its own , and because of differentiated levels of integration in EMU , the real actors are the ECB and the NCBs of the euro area countries .
Ker pa ESCB ni pravna oseba in ker so ravni vključenosti v ekonomsko in monetarno unijo zelo različne , so glavni akterji denarne politike ECB in nacionalne centralne banke držav euroobmočja .
They exercise the core functions of the ESCB under the name « Eurosystem » .
Te pod imenom „Eurosistem » izvajajo temeljne naloge ESCB .
C h a r t 1 T h e E S C B a n d t h e E u ro s y s t e m
Slika 1 ESCB in Eurosistem EVROPSKI SISTEM CENTRALNIH BANK ( ESCB )
1 . 1 E S C B a n d E u ro s y s t e m a s t h e o r g a n i c l i n k b e t w e e n t h e E C B and the NCBs The ESCB is made up of the ECB and the NCBs of the 25 EU Member States .
2.1.1 ESCB in Eurosistem kot naravna vez med ECB in nacionalnimi centralnimi bankami ESCB sestavljajo ECB in nacionalne centralne banke vseh 25 držav članic EU . Ureja ga „sistemski zakon » tj .
Its « organic law » is the Protocol on the Statute of the European System of Central Banks and of the European Central Bank ( Statute of the ESCB ) , which is annexed to the EC Treaty .
Protokol o Statutu Evropskega sistema centralnih bank in Evropske centralne banke ( Statut ESCB ) , ki je priložen Pogodbi ES .
Unlike the ECB and the NCBs , the ESCB has no legal personality , no capacity to act and no decision-making bodies of its own .
Za razliko od ECB in nacionalnih centralnih bank ESCB ni pravna oseba , ni opravilno sposoben in nima lastnih organov odločanja .
Instead , the components of the ESCB -- the ECB and the NCBs -- are the legal persons and actors .
Nasprotno pa so njegovi „sestavni deli » -- ECB in nacionalne centralne banke -- pravne osebe z opravilno sposobnostjo .
They do have the capacity to act but when they perform tasks assigned to the ESCB they act in line with its objectives , the rules of the Treaty and the Statute and the decisions taken by the decision-making bodies of the ECB .
Imajo opravilno sposobnost , kljub temu pa pri izvajanju nalog , dodeljenih ESCB , delujejo v skladu z njegovimi cilji , določbami Pogodbe in Statuta , kot tudi z odločitvami organov odločanja ECB .
Thus , the term ESCB denotes an institutional framework that establishes an « organic link » between the ECB and the NCBs .
Izraz ESCB zato označuje institucionalni okvir , ki predstavlja povezavo med ECB in nacionalnimi centralnimi bankami .
It ensures that i ) decision-making is centralised , and ii ) the tasks that the EC Treaty has assigned to the ESCB are performed jointly and consistently in line with the allocation of powers and the objectives of the system .
Zagotavlja , da ( i ) je odločanje centralizirano in da ( ii ) se naloge , ki so bile ESCB dodeljene s Pogodbo ES , opravljajo skupaj ter dosledno v skladu s porazdelitvijo pristojnosti in cilji sistema .
The ESCB includes the NCBs of all EU Member States , even those which have not adopted the euro ( see Section 1.2.2 ) because of their special status ( Denmark and the United Kingdom ) or because of a derogation ( Sweden and the ten new EU Member States ) .
ESCB vključuje nacionalne centralne banke vseh držav članic EU , tudi tistih , ki eura niso uvedle ( glej razdelek 1.2.2 ) zaradi svojega posebnega statusa ( Danska in Združeno kraljestvo ) ali odstopanja ( Švedska in deset novih držav članic EU ) .