natgillin/translations-raw huggingface dataset:
Po mojem mnenju ECB k temu največ prispeva z ustvarjanjem okolja za spodbujanje rasti, v katerem zagotavlja stabilnost cen in trdnejši okvir za finančno stabilnost v Evropi.
I believe the ECB contributes best to creating a growth-facilitating environment by ensuring price stability, and by contributing to strengthening the framework for financial stability in Europe.
Kaj menite, kako hitro naj se nove države članice glede na vsa konvergenčna merila in sodelovanje v mehanizmu deviznega tečaja evropskega monetarnega sistema (ERM II) pridružijo monetarni uniji in sprejmejo evro?
What is your opinion regarding the pace at which the New Member States should join the monetary union and adopt the Euro, considering all of the convergence criteria and the participation in the exchange rate mechanism (ERM II)?
Kakšen je vaš pogled na dolgoročnejšo prihodnost evropske monetarne unije in kakšni izzivi so pred nami, zlasti glede na sedanje težave?
What are your views on the future of the European monetary union in the longer term and what are the main challenges ahead, especially in view of the current difficulties?
S podpisom Pogodbe so se države članice, ki so se EU pridružile po letu 2004, zavezale, da bodo sprejele evro.
By signing the Treaty, the Member States that have joined the EU since 2004 have committed to adopting the euro.
V skladu s konvergenčnimi merili, ki jih določata Pogodba in Protokol, lahko države članice sprejmejo evro, ko dosežejo visoko stopnjo trajnostne konvergence.
The convergence framework, as embedded in the Treaty and Protocol, stipulates that Member States can adopt the euro once they have achieved a high degree of sustainable convergence.
Konvergenčna merila so merilo uspešnosti, ki ga ECB in Komisija uporabljata pri ocenjevanju te stopnje konvergence.
The convergence criteria are the benchmark against which the ECB and the Commission assess this.
Kdaj bodo države članice sprejele evro, je odvisno od njihovega napredka pri doseganju visoke stopnje trajnostne konvergence – različne države članice jo dosežejo z različno hitrostjo.
The timing of euro adoption depends on how quickly Member States achieve a high degree of sustainable convergence and this timing differs across countries.
V času sodelovanja v mehanizmu deviznega tečaja evropskega monetarnega sistema (ERM II), ki mu sledi sprejetje evra, morajo države članice dokazati, da lahko ohranijo stabilnost cen, fiskalno disciplino in konkurenčnost hkrati, ne da bi bistveno spreminjale devizni tečaj.
During ERM II participation, which precedes euro adoption, Member States should demonstrate that they can maintain price stability, fiscal discipline and competitiveness at the same time without major changes in the exchange rate.
Ta kriza je med drugim pokazala, da je treba znatno okrepiti okvir ekonomskega upravljanja ekonomske in monetare unije.
One of the lessons drawn from the crisis is that the economic governance framework of EMU needs to be significantly enhanced.
Oblikovalci politik v državah evrooobmočja se morajo zavedati, da sodelovanje v evroobmočju vpliva na gospodarske politike na nacionalni ravni.
Policymakers in euro area countries need to realise that participation in the euro area has implications for economic policies pursued at the country level.
Ključna prednostna naloga je vzpostavitev okvira ekonomskega upravljanja, ki omogoča preprečevanje in odpravo fiskalnih in makroekonomskih neravnovesij.
A key priority is an economic governance framework that helps to ensure prevention and correction of fiscal and macroeconomic imbalances.
Tak okvir omogoča trajnostno rast in finančno stabilnost celotnega evroobmočja.
Such a framework provides the pre-conditions for sustainable growth and financial stability in the euro area as a whole.
Zato se strinjam z mnenjem nekaterih, da dosedanji predlogi za krepitev okvira ekonomskega upravljanja niso dovolj velikopotezni.
I therefore share the view that the proposals for a stronger economic governance framework thus far do not go far enough.
Potrebujemo več samodejnih nadzornih postopkov, vključno z novim okvirom makroekonomskega nadzora, o katerem trenutno teče razprava.
We need more automatic surveillance procedures, including the new macroeconomic surveillance framework that is currently being discussed.
Upanje mi daje dejstvo, da je tudi Evropski parlament bolj ambiciozno pristopil k tej temi, zlasti v smislu omogočanja bolj samodejnega delovanja ter splošnejše in hitrejše uporabe sankcij.
I am encouraged by the fact that also the European Parliament has shown more ambition in its approach, particularly as regards greater automaticity and the broader and timelier use of sanctions.
Po mojem mnenju bi bilo pametno zagotoviti tudi, da se makroekonomski nadzor jasno osredotoča na države članice evrooobmočja z velikimi primanjkljaji na tekočem računu, velikim padcem konkurenčnosti ter visoko javno in zasebno zadolženostjo.
In my view, it would also make sense for macroeconomic surveillance to have a clear focus on the euro area countries with large current account deficits, significant losses of competitiveness and high levels of public and private debt.
Ali menite, da bi lahko imel davek na devizne transakcije z evrom ugodne učinke – na primer stabilizacijo menjalnih tečajev držav, ki se v prihodnosti želijo pridružiti evroobmočju?
Do you think that a tax on currency transactions involving the euro could have beneficial effects – for example by stabilising the exchange rates of countries wishing to join the euro area in the future?
Glede obdavčitve finančnih transakcij sem skeptičen.
I am sceptical about taxation of financial transactions.
Prvič zato, ker dvomim, da lahko imajo ugodne učinke.
First, I doubt that there are beneficial effects.
Tak davek bi povišal stroške transakcij, kar bi zmanjšalo likvidnost trga.
By increasing transaction costs, such a tax would reduce market liquidity.
V nasprotju z upi nekaterih zagovornikov bi tako davek na transakcije najbrž povečal in ne zmanjšal nihanje cen.
Contrary to the hopes of some proponents, a transaction tax could therefore probably increase, rather than decrease, volatility.
Poleg tega bi tak davek vplival tudi na nešpekulativne poslovne transakcije, zlasti v sodobnih proizvodnih procesih, v katerih sodeluje veliko mednarodnih dobaviteljev in podizvajalcev.
Moreover, such a tax would also affect non-speculative business transactions, especially in modern production processes involving a great number of international suppliers and subcontractors.
Ena sama trgovinska transakcija na deviznih trgih sproži celo vrsto povezanih transakcij, saj trgovci med seboj prerazporejajo z naročili povezane terjatve.
A single trade-related transaction in foreign exchange markets tends to set off a spate of related transactions, as dealers redistribute order balances between themselves.
Če bo obdavčena vsaka posamezna transakcija, se lahko stroški poslovanja znatno povečajo – tako za uvoznike kot za izvoznike.
If each individual transaction is taxed, the cost of doing business could increase significantly for both importers and exporters.
Drugič zato, ker bi uvedba takega davka prinesla ogromne praktične težave.
Second, the implementation of such a tax would entail enormous practical difficulties.
Če ne bo uveden tudi drugod po svetu, bo davek na kratkoročne finančne transakcije skoraj zagotovo odvrnil in odgnal akterje na deviznih trgih drugam.
Unless adopted worldwide, a tax on short-term financial transactions would almost certainly drive foreign exchange markets offshore.
Če bi poskušali izključiti nešpekulativne tokove, bi se soočili z veliko drugimi težavami pri razločevanju med različnimi vrstami transakcij.
If one tried to exempt non-speculative flows, it would also lead to a host of further complications in distinguishing between transactions.
Povedano bolj splošno, bi lahko z uvedbo tega davka spodbudili dejavnost davčnega strukturiranja, s katerim bi skušali udeleženci na trgu zmanjšati svoje davčne obveznosti, zaradi česar bi bil trg manj pregleden.
More generally, it could lead to tax-structuring activity designed to reduce market participants’ tax liability, which would tend to reduce market transparency.
Sprašujem se tudi glede skladnosti te pobude s Pogodbama EU, pri čemer opozarjam, da je ECB v uradnem mnenju o tem že zastavila pravno vprašanje.
I am also concerned about the compatibility with EU treaties, and I note that the ECB has raised legal questions about this in an official opinion.
Zato tudi menim, da tak davek ne bi koristil državam kandidatkam za vstop v evroobmočje.
For these reasons I also do not believe that such a tax would be beneficial for euro candidate countries.
Stabilne devizne tečaje je mogoče zagotoviti tudi s preudarnimi makroekonomskimi politikami in v okviru obstoječih evropskih mehanizmov deviznega tečaja.
Stable exchange rates should instead be achieved through sound macroeconomic policies and through the existing European Exchange Rate Mechanisms.
Kakšen je vaš pogled na vlogo Sveta in Evropske centralne banke pri zunanjem zastopanju evroobmočja?
What is your view on the respective roles of the Council and the ECB in terms of external representation of the Euro zone?
Denarna politika je v evroobmočju pristojnost Unije.
In the euro area, monetary policy is a Union competence.
Za zunanje zastopanje je torej pristojna ECB kot institucija Unije.
Its external representation is therefore ensured by a Union institution, the ECB.
ECB zastopa tudi druge cilje Eurosistema v mednarodnih institucijah in forumih.
The ECB also represents the other tasks of the Eurosystem in international institutions and fora.
Podobno velja tudi za evrsko politiko deviznih tečajev, za katero sta odgovorna ECB in Svet, ki jo skupaj tudi zastopata na mednarodni ravni.
A similar reasoning applies to the euro exchange rate policy, for which both the ECB and the Council bear responsibility and which is represented jointly by both institutions at the international level.
Ekonomske politike so v veliki meri v pristojnosti držav članic, ki jih izvajajo v evropskem okviru.
Economic policies are largely a national responsibility, conducted within a European framework.
Zato je zunanje zastopanje ekonomskih politik v prvi vrsti odgovornost držav članic, ki nosijo tudi finančno odgovornost v zvezi z njihovim članstvom v mednarodnih institucijah in forumih.
As a consequence, the external representation of economic policies devolves primarily on Member States, who also bear financial responsibility associated with their membership in international institutions and fora.
Glede na to se morajo države članice tesno usklajevati s pristojnimi institucijami Unije, kadar zadeva delno ali v celoti spada med pristojnosti Unije.
That said, Member States need to coordinate closely with the competent Union institutions whenever a subject falls partly, or wholly, under Union competence.
Vendar bi lahko države članice ob okrepljenem sodelovanju znotraj ekonomske in monetarne unije v prihodnje bolj usklajeno zastopale svoje politike na mednarodni ravni, zlasti v okviru evroobmočja, saj bo okvir za okrepljeno usklajevanje ekonomskih politik za države s skupno valuto strožji.
However, as Member States step up EMU’s ‘economic leg’ in the future, they could achieve a more coordinated representation of their policies at international level, in particularly for the euro area, given that the enhanced coordination framework for economic policies will be more stringent for the countries sharing the single currency.
Pot za napredek v evroobmočju je uporaba člena 138 Pogodbe o delovanju Evropske unije, ki državam članicam evroobmočja omogoča, da sprejemajo „skupna stališča o zadevah posebnega pomena za ekonomsko in monetarno unijo“ ter „ukrepe za zagotovitev enotnega zastopanja v mednarodnih finančnih institucijah in na konferencah“.
One way forward for the euro area is to make use of Article 138 of the TFU, which allows euro area countries to adopt “common positions on matters of particular interest for EMU” and to “ensure unified representation within the international financial institutions and conferences”.
Zato osebno menim, da je treba to možnost bolje raziskati, kar je seveda v končni fazi politična odločitev držav članic.
For the above reasons, I would personally see merits in exploring this option further, which of course is ultimately a political issue for Member States.
Kako ocenjujete nedavni razvoj menjalnega tečaja med ameriškim dolarjem in evrom?
How do you assess the recent evolution of the USD/EUR exchange rate?
Kako ocenjujete nedavni razvoj menjalnega tečaja med renmimbijem in evrom v zadnjem času?
How do you assess the recent evolution of the Renminbi/EUR exchange rate?
Ali menite, da je treba mednarodno vlogo evra spodbujati?
Do you think that the international role of the Euro should be encouraged?
Podobno kot predsednik ECB tudi sam raje ne komentiram menjalnih tečajev.
In line with the ECB president's stance, I also prefer not to comment on exchange rates.
Odkar od junija 2010 renminbi ni več dejansko vezan na ameriški dolar, se je njegova vrednost povišala za 5 % v primerjavi z ameriškim dolarjem, vendar je padel za več kot 8 % v primerjavi z evrom, njegov nominalni efektivni tečaj pa je padel za skoraj 4 % (podatki so z dne 24. maja 2011).
Since the exit of its de facto peg to the US dollar in June 2010, the renminbi has appreciated by almost 5% against the US dollar, but it has depreciated by more than 8% against the euro and by almost 4% in nominal effective terms (as of 24 May 2011).
Kitajske oblasti spodbujamo, da bi uporabile prožnost, ki jo omogoča nova politika, da bi omogočile postopno efektivno povišanje vrednosti renminbija.
We encourage the Chinese authorities to use the flexibility offered by the new policy framework to allow a gradual appreciation of the renminbi in effective terms.
Mednarodna skupnost se strinja – kar so ponovili tudi voditelji skupine G20 na vrhu lansko leto v Seulu – da je premik k bolj tržnim sistemom deviznih tečajev, okrepitev stabilnosti deviznih tečajev tako, da bodo odražali gospodarske temelje, ter izogibanje konkurenčni devalvaciji valut v interesu držav v gospodarskem vzponu, vključno s Kitajsko, pa tudi mednarodne skupnosti.
The international community agrees –as restated by G20 Leaders at their Summit in Seoul last year– that moving towards more market-determined exchange rate systems, enhancing exchange rate stability to reflect underlying economic fundamentals, and refraining from competitive devaluation of currencies, are in the interest of the emerging economies concerned, including China, and of the international community.
Nam in predstavnikom oblasti drugih držav, ki uporabljajo glavne drseče valute, je v skupnem interesu, da zagotovimo močan in stabilen mednarodni finančni sistem.
Together with the authorities of the other major floating currencies, we have a shared interest in a strong and stable international financial system.
Devizni tečaji morajo odražati ekonomske temelje.
Exchange rates should reflect economic fundamentals.
Jasno je, da imajo prevelika nihanja in neurejena gibanja deviznih tečajev neugodne posledice za gospodarsko in finančno stabilnost.
Excess volatility and disorderly movements in exchange rates have adverse implications for economic and financial stability.
To pomeni, da moramo še naprej pozorno spremljati devizne trge in ustrezno sodelovati.
This implies to continue to monitor exchange markets closely, and cooperate as appropriate.
V skladu z akademsko literaturo je sodelovanje, npr. v obliki posegov v devizne tečaje, v izjemnih okoliščinah lahko učinkovito, če so taki posegi usklajeni ter skladni s temeljnimi ekonomskimi razmerami in uradno komunikacijo ter če se uporabljajo, kadar je neravnovesje deviznih tečajev relativno veliko.
The academic literature suggests that, in exceptional circumstances, cooperation in the form of e.g. foreign exchange interventions can be effective if and when such interventions are concerted, consistent with fundamentals and official communication, and undertaken when the magnitude of exchange rate misalignment is relatively large.
S tega vidika so usklajeni posegi skupine G7 (npr. leta 2000 v zvezi z evrom ali leta 2011 v zvezi z jenom) v splošnem ocenjeni kot uspešni.
In this respect, concerted interventions by the G7 (for instance, in 2000 on the euro; or 2011 on the yen) are widely viewed as having been successful.
V zvezi z mednarodno vlogo evra se strinjam z nevtralnim stališčem, ki ga je leta 1999 zavzela ECB, ki ne poskuša niti ovirati niti spodbujati njegove mednarodne uporabe.
On the international role of the euro, I agree with the neutral stance adopted by the ECB in 1999, neither trying to hinder nor trying to foster its international use.
To politično stališče je še naprej v celoti ustrezno, saj mora biti mednarodna uporaba valut rezultat tržnih procesov, v katerih tuji ekonomski akterji odločajo, ali je neka valuta privlačno pribežališče vrednosti.
This policy position remains fully valid since the international use of currencies should be the outcome of a market-driven process in which foreign economic agents decide on whether a currency is an attractive store of value.
ECB in Eurosistem bi lahko z denarno politiko, ki je usmerjena v zagotavljanje stabilnosti, in s spodbujanjem finančnega povezovanja v Evropi morda posredno prispevala k mednarodni uporabi evra, ki je postal druga najpomembnejša svetovna rezervna valuta.
By pursuing a stability-oriented monetary policy and fostering financial integration in Europe, the ECB and the Eurosystem might contribute indirectly to the international use of the euro which has become the second-most important reserve currency in the world.
Skupina G20 je imela odločilno vlogo pri zagotavljanju političnega zagona na visoki ravni za obvladovanje krize, krizno upravljanje in preprečevanje kriz v prihodnosti.
The G20 has played a crucial role in providing high-level political impetus for crisis containment, crisis management and future crisis prevention.
Skupina G20 mora tudi po koncu krize delovati usklajeno, vsaj zato, da zagotovi polno in dosledno izvajanje politik, o katerih so se države že dogovorile.
G20 cohesion must continue to be ensured, as we put the crisis behind us, not least to ensure that policies agreed to date are fully and consistently implemented.
Zato je zelo dobrodošlo, da voditelji skupine G20 poudarjajo pomembnost nadaljnjega sodelovanja v mednarodni politiki za reševanje temeljnih vzrokov finančne krize in ustvarjanje temeljev za zanesljivo svetovno gospodarsko rast.
It is hence highly welcome that G20 Leaders underline the importance of continued international policy cooperation to address the root causes of the financial crisis and to lay the foundations for sound global economic growth.
Tudi sam sem se udeležil številnih sestankov finančnih ministrov in guvernerjev centralnih bank držav skupine G20, pa tudi srečanj na vrhu, in povedati moram, da je visoka zavest o kolektivni odgovornosti držav skupine G20 spodbudna.
Having myself attended many meetings of G20 finance ministers and central bank governors, as well as Summits, I must say that I am encouraged by the high level of collective responsibility by G20 members.
Prvič, okvir skupine G20 za močno, trajnostno in uravnoteženo rast je ključni mehanizem za večstransko sodelovanje.
First, the G20 Framework for Strong, Sustainable and Balanced Growth is a key mechanism in multilateral cooperation.
Namen tega okvira je pomagati pri upravljanju prehoda iz krize v obdobje močne, trajnostne in uravnotežene svetovne rasti ter odpraviti svetovna neravnovesja, ki so prispevala k finančni krizi.
The aim of this framework is to help manage the transition from crisis response to a strong, sustainable and balanced pattern of global growth as well as to address the global imbalances that contributed to the financial crisis.
Zdaj morajo vse članice skupine G20 v celoti izpolniti svoje zaveze v tem okviru.
It is now important that all G20 members fully live up to their commitments made within this framework.
Drugič, voditelji skupine G20 so potrdili ključne sestavine za preobrazbo finančnega sistema, vključno z delom, ki sta ga opravila Baselski odbor in odbor za finančno stabilnost.
Second, G20 Leaders endorsed the key building blocks for the transformation of the financial system, including the work done by the Basel Committee and the FSB.
Članice skupine G20 morajo zdaj v celoti in dosledno izvajati dosežene sporazume in zgledno izpolnjevati svoje zaveze.
It is now crucial for G20 members to fully and consistently implement the agreements reached and to lead by example in living up to the commitments made.
Na nacionalnih in regionalnih ravneh že uresničujejo cilje skupine G20 ter konkretna, podrobna in ambiciozna priporočila odbora za finančno stabilnost, da bi okrepili finančno stabilnost, in vidni so že prvi rezultati.
Work is underway at national and regional levels to implement the G20 objectives and the FSB’s concrete, detailed and ambitious recommendations for strengthening financial stability, and this is already delivering results.
Toda med pomembnimi nalogami so med drugim še naprej polno izvajanje novih standardov v zvezi s kapitalom in likvidnostjo bank v okviru sporazuma Basel III, sistemska obravnava pomembnih finančnih institucij ter boljše spremljanje in regulacija bančnega sistema v senci.
But important tasks remain, inter alia to fully implement the new Basel III bank capital and liquidity standards, to address systemically important financial institutions, as well as to strengthen the monitoring and regulation of shadow banking.
Poleg tega je treba povečati robustnost in preglednost izvedenih finančnih instrumentov na prostem trgu in trga izvedenih finančnih instrumentov na blago, razviti makrobonitetne okvire in orodja ter dosegati konvergenco na podlagi okrepljenih računovodskih standardov.
Other important areas include improving the robustness and transparency of OTC and commodity derivatives markets, developing macroprudential frameworks and tools and achieving convergence on strengthened accounting standards.
Pomembna so tudi sedanja prizadevanja za boljše delovanje mednarodnega monetarnega sistema.
Third, important efforts are underway to strengthen the functioning of the International Monetary System.
Med drugim poteka razvoj skladnih pristopov in ukrepov za obravnavo kapitalskih tokov, ki bi lahko destabilizirali trge, in za upravljanje likvidnosti na svetovni ravni.
Work has begun inter alia on devising coherent approaches and measures to deal with potentially destabilizing capital flows as well as the management of global liquidity.
V zvezi s kapitalskimi tokovi želim poudariti, da bi morali instrument začasnega nadzora prilivov kapitala praviloma uporabljati v skrajnih primerih in ne namesto preudarnih makroekonomskih, makrobonitetnih in strukturnih ukrepov.
With regard to the area of capital flows, I would stress that, as a rule, temporary controls of capital inflows should be seen as a policy instrument of last resort and not a substitute for sound macroeconomic, macro-prudential and structural measures.
Da bi omejili izkrivljanje in negativne zunanje vplive nadzora kapitalskih tokov, je treba zares okrepiti mednarodno sodelovanje, npr. z dogovorom o načelih in najboljših praksah.
To limit the distortions and negative externalities of capital controls, it is indeed important to strengthen international cooperation e.g. by agreeing on principles and best practices.
V zvezi z upravljanjem likvidnosti na svetovni ravni bi poudaril, da so dobrodošla vsa prizadevanja, da bi bolje razumeli medsebojno povezanost finančnih sistemov.
As far as the management of global liquidity is concerned, I would emphasize that efforts to better understand financial interconnectedness are welcome.
Ob tem mehanizmi za usmerjanje čezmejne likvidnosti na svetovni ravni ne bodo delovali brez neposrednega ali posrednega sodelovanja centralnih bank, saj lahko le te zagotovijo želeno likvidnost.
That said, any mechanism to channel cross-border liquidity at the global level will not work without the direct or indirect co-operation of central banks, since only the latter have the ability to provide the desired amounts of liquidity.