natgillin/translations-raw huggingface dataset:
Under the sixth indent of Article 10.2 , the Governing Council , acting by a two-thirds majority of all its members , may decide to postpone the start of the rotation system until the date on which the number of governors exceeds 18 .
V skladu s šesto alineo člena 10.2 lahko Svet ECB , ki odloča z dvotretjinsko večino vseh svojih članov , sklene , da se začetek sistema rotacije preloži do datuma , ko število guvernerjev preseže 18 .
In December 2008 the Governing Council decided to postpone the start of the rotation system until such a date ( 1 ) . The implementation of the rotation system respects the principles of equal treatment of governors , transparency and simplicity ,
V decembru 2008 je Svet ECB sklenil , da se začetek sistema rotacije preloži do tega datuma ( 1 ) .
Article 1 Amendments to the Rules of Procedure of the European Central Bank Decision ECB / 2004/2 is amended as follows : 1 .
Člen 1 Spremembe Poslovnika Evropske centralne banke Sklep ECB / 2004/2 se spremeni , kakor sledi : ( 2 )
The following Article 3a is inserted : « Article 3a Rotation system 1 . Governors shall be allocated to groups as set out in the first and second indents of Article 10.2 of the Statute .
Po šesti alinei člena 10.2 Statuta ESCB mora Svet ECB , ki odloča z dvotretjinsko večino vseh svojih članov , sprejeti vse ukrepe , potrebne za izvajanje sistema rotacije . Ti ukrepi zajemajo : ( i ) stopnjo rotacije : število guvernerjev , ki naenkrat izgubijo oziroma pridobijo glasovalno pravico ;
( 2 ) OJ L 80 , 18.3.2004 , p. 33 .
( ii ) obdobje rotacije : dolžina obdobja , v katerem 1 .
( 2 ) Under the sixth indent of Article 10.2 of the Statute of the ESCB , the Governing Council , acting by a two-thirds majority of all its members , has to take all measures necessary for the implementation of the rotation
Guvernerji se razdelijo v skupine , kakor je določeno v prvi in drugi alinei člena 10.2 Statuta . ( 1 )
( 1 ) Decision ECB / 2008/29 of 18 December 2008 to postpone the start of the rotation system in the Governing Council of the European Central Bank ( OJ L 3 , 7.1.2009 , p. 4 ) .
Sklep ECB / 2008/29 z dne 18 . decembra 2008 o preložitvi začetka sistema rotacije v Svetu Evropske centralne banke ( UL L 3 , 7.1.2009 , str .
Governors shall be ordered in each group , following EU convention , in accordance with a list of their national central banks which follows the alphabetical order of the names of the Member States in the national languages .
Guvernerji se v vsaki skupini razvrstijo , po dogovoru v EU , v skladu s seznamom nacionalnih centralnih bank , ki sledi abecednemu vrstnemu redu imen držav članic v nacionalnih jezikih .
The rotation of voting rights within each group shall follow this order .
Rotacija glasovalnih pravic v vsaki skupini sledi temu vrstnemu redu .
The rotation shall start at a random point in the list .
Rotacija se začne na naključno izbranem mestu na seznamu .
The voting rights within each group shall rotate every month , starting on the first day of the first month of the implementation of the rotation system .
Glasovalne pravice v vsaki skupini rotirajo vsak mesec , z začetkom na prvi dan v prvem mesecu izvajanja sistema rotacije .
For the first group , the number of voting rights that rotate in each one month period shall be one ;
V prvi skupini je število glasovalnih pravic , ki rotirajo vsak mesec , enako ena ;
for the second and third groups , the number of voting rights that rotate in each one month period shall be equal to the difference between the number of governors allocated to the group and the number of voting rights assigned to it , minus two .
v drugi in tretji skupini je število glasovalnih pravic , ki rotirajo vsak mesec , enako razliki med številom guvernerjev , razvrščenih v to skupino , in številom glasovalnih pravic , dodeljenih tej skupini , zmanjšano za dva .
Whenever the composition of the groups is adjusted in accordance with the fifth indent of Article 10.2 of the Statute , the rotation of voting rights within each group shall continue to follow the list referred to in paragraph 2 .
Kadar koli se sestava skupin prilagodi v skladu s peto alineo člena 10.2 Statuta , se rotacija glasovalnih pravic v vsaki skupini nadaljuje po seznamu iz odstavka 2 .
From the date on which the number of governors reaches 22 , the rotation within the third group shall start at a random point in the list .
Od dneva , ko število guvernerjev doseže 22 , se rotacija v tretji skupini začne na naključno izbranem mestu na seznamu .
The Governing Council may decide to change the order of rotation for the second and third groups to avoid the situation that certain governors are always without a voting right at the same periods of the year .
Svet ECB lahko sklene spremeniti vrstni red rotacije v drugi in tretji skupini , da bi se izognili situaciji , ko bi bili nekateri guvernerji brez glasovalne pravice vedno v enakem obdobju leta .
The ECB shall publish in advance a list of the members of the Governing Council with a voting right on the ECB 's website .
ECB vnaprej objavi na spletni strani ECB seznam članov Sveta ECB z glasovalno pravico .
The share of each national central bank 's Member State in the total aggregated balance sheet of the monetary financial institutions shall be calculated on the basis of the annual average of monthly average data over the most recent calendar year for which data are available .
Delež države članice posamezne nacionalne centralne banke v skupni agregatni bilanci stanja monetarnih finančnih institucij se izračuna na podlagi letnega povprečja mesečnih povprečnih podatkov za zadnje koledarsko leto , za katero so podatki na voljo .
Whenever the aggregate gross domestic product at market prices is adjusted in accordance with Article 29.3 of the Statute or whenever a country becomes a Member State and its national central bank becomes part of the European System of Central Banks , the total aggregated balance sheet of the monetary financial institutions of the Member States which have adopted the euro shall be recalculated on the basis of the data relating to the most recent calendar year for which data are available .'
Kadar koli se povprečni bruto domači proizvod po tržnih cenah prilagodi v skladu s členom 29.3 Statuta ali kadar koli nova država postane država članica , njena nacionalna centralna banka pa postane del Evropskega sistema centralnih bank , se skupna agregatna bilanca stanja monetarnih finančnih institucij držav članic , ki so sprejele euro , preračuna na podlagi podatkov za zadnje koledarsko leto , za katero so podatki na voljo ."
The first sentence of Article 4.1 is replaced by the following : « In order for the Governing Council to vote , there shall be a quorum of two-thirds of the members with a voting right .'
Prvi stavek odstavka 4.1 se nadomesti z naslednjim : „Svet ECB je sklepčen , če sta navzoči dve tretjini članov z glasovalno pravico ."
The following sentence is added to Article 4.7 : « Decisions to be taken by written procedure shall be approved by the members of the Governing Council with a voting right at the time of approval .'
V odstavku 4.7 se doda naslednji stavek : „Odločitve , ki se sprejmejo po pisnem postopku , potrdijo člani Sveta ECB , ki imajo glasovalno pravico v času potrjevanja ."
The fourth sentence of Article 5.1 is replaced by the following : « An item shall be removed from the agenda at the request of at least three of the members of the Governing Council with a voting right if the related documents were not submitted to the members of the Governing Council in due time .'
Četrti stavek odstavka 5.1 se nadomesti z naslednjim : „Točka se na zahtevo vsaj treh članov Sveta ECB z glasovalno pravico črta z dnevnega reda , če pripadajoči dokumenti članom Sveta ECB niso bili predloženi pravočasno ."
Article 5.2 is replaced by the following : « The minutes of the proceedings of the Governing Council shall be approved at the subsequent meeting ( or if necessary earlier by written procedure ) by the members of the Governing Council who had a voting right at the meeting to which the minutes refer and shall be signed by the President .'
Člen 5.2 se nadomesti z naslednjim : „Zapisnik razprave Sveta ECB odobrijo na naslednji seji ( ali , če je to potrebno , že prej po pisnem postopku ) tisti člani Sveta ECB , ki so imeli glasovalno pravico na seji , na katero se zapisnik nanaša , podpiše pa ga predsednik ."
Article 2 Final provision This Decision shall enter into force on the day when the number of governors in the Governing Council of the ECB exceeds 18 .
Člen 2 Končna določba Ta sklep začne veljati na dan , ko število guvernerjev v Svetu ECB preseže 18 .
Done at Frankfurt am Main , 19 March 2009 .
V Frankfurtu na Majni , 19 .
The President of the ECB Jean-Claude TRICHET
marca 2009 Predsednik ECB Jean-Claude TRICHET
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EDITORIAL 12 March 2009 - Monthly Bulletin
12 . marec 2009 - Mesečni bilten
At its meeting on 5 March 2009 , on the basis of its regular economic and monetary analyses , the Governing Council decided to reduce the key ECB interest rates by a further 50 basis points .
Svet ECB je na seji 5 . marca 2009 na podlagi redne ekonomske in denarne analize sklenil , da ključne obrestne mere ECB zniža za dodatnih 50 bazičnih točk .
The interest rate on the main refinancing operations of the Eurosystem was lowered to 1.50% and the interest rates on the marginal lending facility and on the deposit facility were decreased to 2.50% and 0.50% respectively , with effect from 11 March 2009 .
Obrestna mera za operacije glavnega refinanciranja Eurosistema je bila znižana na 1,50% , obrestna mera za odprto ponudbo mejnega posojila na 2,50% , obrestna mera za odprto ponudbo mejnega depozita pa na 0,50% . Vse tri začnejo veljati 11 .
This decision brings the total reduction in the key ECB interest rates since 8 October 2008 to 275 basis points .
S tem sklepom skupno znižanje ključnih obrestnih mer ECB od 8 . oktobra 2008 dalje znaša 275 bazičnih točk .
Overall , inflation rates have decreased significantly and are now expected to remain well below 2 % over 2009 and 2010 .
V celoti gledano se je stopnja inflacije precej zmanjšala in bo po pričakovanjih v letih 2009 in 2010 ostala precej pod 2 %.
This outlook for inflation is due to the fall in commodity prices and diminishing domestic price and cost pressures , reflecting the severe downturn in economic activity .
Takšni inflacijski obeti so posledica padca cen primarnih surovin in zmanjševanja cenovnih in stroškovnih pritiskov iz domačega okolja , kar je odraz izrazitega upada gospodarske aktivnosti .
Indeed , recent economic data releases and survey information add further evidence to the Governing Council 's assessment that both global and euro area demand are likely to be very weak in 2009 .
Novejši objavljeni ekonomski podatki in informacije iz anket namreč še dodatno potrjujejo oceno Sveta ECB , da bo tako svetovno povpraševanje kot tudi povpraševanje v euroobmočju v letu 2009 najverjetneje zelo šibko .
Over the course of 2010 , the economy is expected to gradually recover .
Tekom leta 2010 naj bi gospodarstvo postopno okrevalo .
At the same time , available indicators of inflation expectations over the medium to longer term remain firmly anchored in line with the Governing Council 's aim of keeping inflation at rates of below , but close to , 2 % over the medium term .
Hkrati ostajajo razpoložljivi kazalniki inflacijskih pričakovanj v srednjeročnem do dolgoročnem obdobju trdno zasidrani na ravni , ki je skladna s ciljem Sveta ECB , da srednjeročno ohranja stopnjo inflacije pod 2 %, vendar blizu te meje .
A cross-check with the outcome of the monetary analysis confirms that inflationary pressure has been diminishing .
Navzkrižna primerjava z rezultati denarne analize potrjuje , da se inflacijski pritiski zmanjšujejo .
After its decision on 5 March , the Governing Council expects price stability to be maintained over the medium term , supporting the purchasing power of euro area households .
Po sklepu z dne 5 . marca Svet ECB pričakuje , da bo stabilnost cen v srednjeročnem obdobju ohranjena , kar bo podpiralo kupno moč gospodinjstev v euroobmočju .
The Governing Council will continue to ensure a firm anchoring of medium-term inflation expectations , which supports sustainable growth and employment and contributes to financial stability .
Svet ECB bo še naprej zagotavljal trdno zasidranje srednjeročnih inflacijskih pričakovanj , kar bo spodbujalo vzdržno rast in zaposlenost ter prispevalo k finančni stabilnosti .
Accordingly , the Governing Council will monitor very closely all developments over the period ahead .
Svet ECB bo zato tudi v prihodnjem obdobju zelo natančno spremljal vsa gibanja .
As regards the economic analysis , the world economy has weakened substantially in recent months reflecting the impact of the financial market turmoil , affecting increasingly also emerging market economies .
Ekonomska analiza kaže , da je svetovno gospodarstvo v zadnjih mesecih znatno oslabilo , kar je posledica učinka pretresov na finančnih trgih , ki vse bolj vplivajo tudi na nova tržna gospodarstva v vzponu .
In a climate of heightened uncertainty , a severe fall in world trade volumes has been accompanied by a pronounced decline in domestic demand in the euro area .
V razmerah povečane negotovosti je izrazit upad obsega svetovne trgovinske menjave spremljalo občutno zmanjšanje domačega povpraševanja v euroobmočju .
As a consequence , euro area real GDP contracted markedly in the fourth quarter of 2008 , by 1.5% on a quarterly basis , according to Eurostat 's first estimate .
Zaradi tega se je realni BDP v euroobmočju v zadnjem četrtletju leta 2008 opazno skrčil , in sicer po prvi oceni Eurostata za 1,5% glede na prejšnje četrtletje .
Available data and survey indicators suggest that economic activity in the euro area remained weak in early 2009 .
Razpoložljivi podatki in anketni kazalniki kažejo , da je na začetku leta 2009 gospodarska aktivnost v euroobmočju ostala šibka .
Looking ahead , the Governing Council expects that both global and domestic demand will decline in 2009 but thereafter recover gradually .
V prihodnjem obdobju Svet ECB pričakuje , da se bo tako svetovno kot domače povpraševanje v letu 2009 znižalo , zatem pa naj bi se postopno okrepilo .
This assessment is also reflected in the March 2009 ECB staff macroeconomic projections for the euro area , which place annual real GDP growth in a range of - 3.2% to - 2.2% in 2009 , and between - 0.7% and + 0.7% in 2010 .
Takšno oceno kažejo tudi makroekonomske projekcije strokovnjakov ECB , pripravljene marca 2009 , ki predvidevajo letno realno rast BDP v razponu med - 3,2% in - 2,2% v letu 2009 ter med - 0,7% in + 0,7% v letu 2010 .
These ranges represent a downward revision of the December 2008 Eurosystem staff macroeconomic projections .
Ti razponi so bili v primerjavi z makroekonomskimi projekcijami strokovnjakov Eurosistema , pripravljenimi decembra 2008 , popravljeni navzdol .
In both 2009 and 2010 , the annual GDP growth rate will be significantly reduced by negative carry-over effects from the previous year .
Tako v letu 2009 kot v letu 2010 bodo letno stopnjo rasti BDP precej zmanjševali negativni učinki prenosa iz prejšnjega leta .
The projected gradual recovery in 2010 reflects the effects of the substantial macroeconomic stimulus under way as well as of the extensive policy measures that have been introduced to restore the functioning of the financial system , both inside and outside the euro area .
K napovedanemu postopnemu okrevanju v letu 2010 bodo prispevali učinki , ki jih imajo sedanje precejšnje makroekonomske spodbude , ter obsežni ukrepi politik , ki so bili znotraj in zunaj euroobmočja uvedeni za ponovno vzpostavitev delovanja finančnega sistema .
In addition , the fall in commodity prices is expected to support real disposable income and consumption in the period ahead .
Poleg tega naj bi padec cen primarnih surovin v prihodnjem obdobju spodbudil rast realnega razpoložljivega dohodka .
The outlook for the economy continues to be surrounded by uncertainty .
Gospodarske obete še naprej spremlja negotovost .
In the view of the Governing Council , the risks to the economic outlook now appear to be more balanced .
Po mnenju Sveta ECB so tveganja v gospodarski obetih sedaj bolj uravnotežena .
On the one hand , there may be stronger than anticipated positive effects , also on confidence , stemming from the extensive macroeconomic stimulus under way and reflecting other policy measures taken .
Po eni strani bi bili lahko pozitivni učinki , med drugim tudi na zaupanje , močnejši od pričakovanih , kar izhaja iz sedanjih obsežnih makroekonomskih spodbud in temelji tudi na drugih sprejetih ukrepih politike .
On the other hand , concerns relate mainly to the potential for a stronger impact on the real economy of the turmoil in financial markets , as well as to the emergence and intensification of protectionist pressures and to possible adverse developments in the world economy stemming from a disorderly correction of global imbalances .
Po drugi strani je zaskrbljenost povezana predvsem z možnostjo , da bodo pretresi na finančnih trgih močneje vplivali na realno gospodarstvo , pa tudi z nastankom in stopnjevanjem protekcionističnih pritiskov ter z morebitnimi neugodnimi gibanji v svetovnem gospodarstvu , ki bi nastala zaradi neobvladljivega razpletanja svetovnih neravnovesij .
With regard to price developments , annual HICP inflation has been steadily declining since the middle of 2008 , when it reached a peak of 4.0% .
Na področju cenovnih gibanj se je medletna inflacija , merjena z indeksom HICP , od sredine leta 2008 dalje vztrajno zniževala , potem ko je dosegla rekordno visoko vrednost ( 4,0% ) .
In February 2009 it was 1.2% , according to Eurostat 's flash estimate , broadly unchanged from 1.1% in January .
Po Eurostatatovi prvi oceni je februarja 2009 znašala 1,2% , kar je približno enako kot januarja ( 1,1% ) .
The decline in inflation since last summer primarily reflects the sharp falls in global commodity prices over this period .
Zmanjšanje inflacije od poletja dalje je predvsem posledica strmega padca svetovnih cen primarnih surovin v istem obdobju .
However , signs of a more broad-based reduction in inflationary risks are also increasingly emerging .
Obenem se vse bolj pojavljajo tudi znaki splošnejšega zmanjševanja inflacijskih tveganj .
Reflecting these trends , the March 2009 ECB staff inflation projections constitute a significant downward revision compared with the previous projections and foresee annual HICP inflation at between 0.1% and 0.7% in 2009 .
V skladu s temi trendi so bile projekcije inflacije , ki so jih marca 2009 pripravili strokovnjaki ECB , v primerjavi s prejšnjimi precej popravljene navzdol in napovedujejo , da se bo medletna inflacije po HICP v letu 2009 gibala med 0,1% in 0,7% .
Owing mainly to base effects stemming from the past behaviour of energy prices , headline annual inflation rates are projected to decline further in the coming months , possibly temporarily reaching negative levels around mid-year .
V prihodnjih mesecih bo skupna medletna inflacija predvsem zaradi baznih učinkov , ki izvirajo iz preteklega gibanja cen energentov , predvidoma še naprej padala in sredi leta morda začasno dosegla negativno raven .
Thereafter , annual inflation is expected to increase again , also owing to base effects stemming from past energy price developments .
Zatem naj bi se medletna inflacija zopet povečala , tudi zaradi baznih učinkov , ki izhajajo iz pretekle cenovne dinamike energentov .
Accordingly , it is likely that HICP inflation rates will fluctuate noticeably during 2009 . Such short-term volatility is , however , not relevant from a monetary policy perspective .
Zato je verjetno , da bo inflacija po HICP tekom leta 2009 močno nihala , pri čemer je treba poudariti , da kratkoročna volatilnost s stališča denarne politike ni pomembna .
For 2010 , ECB staff project HICP inflation at between 0.6% and 1.4% .
Strokovnjaki ECB za leto 2010 napovedujejo inflacijo med 0,6% in 1,4% .
This range also represents a substantial downward revision compared with the December 2008 Eurosystem staff macroeconomic projections , mainly reflecting the change in the economic growth outlook .
Ta razpon predstavlja znaten popravek navzdol v primerjavi z makroekonomskimi projekcijami , ki so jih decembra 2008 pripravili strokovnjaki Eurosistema , kar je predvsem posledica spremenjenih obetov glede gospodarske rasti .
Available forecasts from international organisations have also been revised downwards and broadly confirm an outlook of moderate inflation rates in 2010 .
Razpoložljive napovedi mednarodnih organizacij so bile ravno tako popravljene navzdol in večinoma potrjujejo možnost umirjenih stopenj inflacije v letu 2010 .
As in the case of growth , a considerable degree of uncertainty surrounds the inflation projections .
Tako kot pri gospodarski rasti napovedi inflacije spremlja precejšnja stopnja negotovosti .
Risks to these projections are broadly balanced .
Tveganja so večinoma uravnotežena .
They relate in particular to the risks to the outlook for economic activity as well as to risks to commodity prices .
Povezana so zlasti z negotovostjo glede prihodnje gospodarske aktivnosti ter tudi z negotovostjo glede cen primarnih surovin .
Turning to the monetary analysis , the latest data and estimates provide further evidence of an ongoing deceleration in the underlying pace of monetary expansion in the euro area .
Na področju denarne analize najnovejši podatki in ocene nadalje kažejo , da se trenutno osnovna dinamika rasti denarja v euroobmočju upočasnjuje .
This implies a further reduction in inflationary risks in the medium term .
To pomeni nadaljnje zmanjšanje inflacijskih tveganj v srednjeročnem obdobju .
The further deceleration in underlying monetary dynamics has contrasted with the high month-to-month volatility of developments in M3 and its components which has been observed since the financial turmoil intensified in September 2008 .
Nadaljnja upočasnitev osnovne denarne dinamike je v nasprotju z visoko medmesečno volatilnostjo v gibanju denarnega agregata M3 in njegovih komponent , ki je bila zabeležena potem , ko so se finančni pretresi septembra 2008 okrepili .
This relates in particular to marketable instruments , but also to the significant substitution that is taking place between different categories of deposits included in M3 .
To je povezano predvsem s tržnimi instrumenti , pa tudi s precejšnjim premeščanjem med različnimi kategorijami vlog , ki so vključene v M3 .
While annual M3 growth declined further , to 5.9% , in January 2009 , the annual growth rate of the narrow aggregate M1 , which includes the most liquid assets , rose to 5.2% .
Medtem ko se je medletna rast M3 januarja 2009 dodatno umirila na 5,9% , se je medletna stopnja rasti ožjega agregata M1 , ki vključuje najbolj likvidna sredstva , povečala na 5,2% .
Volatility also characterised the flow of MFI loans to the private sector around the turn of the year , with a monthly contraction in the outstanding amount in December followed by a significantly positive flow in January .
Volatilnost je bila ob prelomu leta značilna tudi za tok posojil MFI zasebnemu sektorju , pri čemer je mesečnemu zmanjšanju stanja v decembru sledil precejšen pozitiven tok v januarju .