natgillin/translations-raw huggingface dataset:
Chapter 4 examines the state of economic convergence in each of the two Member States under review in more detail and provides an overview of the statistical methodology of convergence indicators.
Poglavje 4 podrobneje proučuje stanje ekonomske konvergence v vsaki od obeh obravnavanih držav članic in ponuja pregled statistične metodologije za kazalnike konvergence.
Finally, Chapter 5 examines the compatibility between each of these Member States’ national legislation, including the statutes of their NCB, and Articles 108 and 109 of the Treaty and the Statute of the European System of Central Banks (ESCB).
V poglavju 5 pa je ocenjena združljivost nacionalne zakonodaje vsake od obeh držav članic, vključno s statutom njunih NCB, s členoma 108 in 109 Pogodbe ter s Statutom Evropskega sistema centralnih bank (ESCB).
This Convergence Report has been prepared following requests for a country examination received from Cyprus on 13 February 2007 and from Malta on 27 February 2007.
To konvergenčno poročilo je bilo pripravljeno na zahtevo Cipra in Malte, ki sta 13. februarja oziroma 27. februarja 2007 zaprosila za pregled.
In producing this report, the European Central Bank (ECB) fulfils the requirement of Article 122(2) in conjunction with Article 121(1) of the Treaty establishing the European Community (the Treaty) to report to the Council of the European Union (the EU Council) at least once every two years or at the request of a Member State with a derogation “on the progress made in the fulfilment by the Member States of their obligations regarding the achievement of economic and monetary union”.
S pripravo tega poročila Evropska centralna banka (ECB) izpolnjuje zahteve iz člena 122(2) v povezavi s členom 121(1) Pogodbe o ustanovitvi Evropske skupnosti (Pogodba), po katerih mora Svetu Evropske unije (Svet EU) najmanj vsaki dve leti ali na zahtevo države članice z odstopanjem poročati „o napredku, ki so ga države članice dosegle pri izpolnjevanju svojih obveznosti glede uresničevanja ekonomske in monetarne unije”.
The same mandate has been given to the European Commission, which has also prepared a report, and the two reports are being submitted to the EU Council in parallel.
Enako nalogo je dobila Evropska komisija, ki je ravno tako pripravila poročilo, obe poročili pa se vzporedno predložita Svetu EU.
In this report, the ECB uses the framework applied in its previous Convergence Reports.
ECB v tem poročilu uporablja enak okvir kot v prejšnjih konvergenčnih poročilih.
It examines, for the two countries concerned, whether a high degree of sustainable economic convergence has been achieved, whether the national legislation is compatible with the Treaty and whether the statutory requirements are fulfilled for national central banks (NCBs) to become an integral part of the Eurosystem.
Za zadevni državi proučuje, ali sta dosegli visoko stopnjo trajne ekonomske konvergence, ali je nacionalna zakonodaja skladna s Pogodbo in ali so izpolnjene zakonske zahteve, da lahko njuni nacionalni centralni banki (NCB) postaneta sestavni del Eurosistema.
The examination of the economic convergence process is highly dependent on the quality and integrity of the underlying statistics.
Ocena ekonomske konvergence je močno odvisna od kakovosti in neoporečnosti uporabljenih statističnih podatkov.
The compilation and reporting of statistics, particularly government finance statistics, must not be subject to political considerations.
Na pripravo in poročanje statističnih podatkov, zlasti podatkov o državnih financah, ne smejo vplivati politični dejavniki.
Member States have been invited to consider the quality and integrity of their statistics as a
Ti naj bi povečali neodvisnost, integriteto in odgovornost nacionalnih statističnih uradov ter pomagali
FRAMEWORK FOR ANALYSIS
OKVIR ZA ANALIZO
2FRAMEWORK FOR ANALYSIS
2 OKVIR ZA ANALIZO
In this respect, economic developments in the countries concerned are reviewed from a backward-looking perspective, covering, in principle, the past ten years.
EKONOMSKA KONVERGENCA so sedanji rezultati posledica resničnih strukturnih prilagoditev, kar posledično omogoča natančnejšo oceno trajnosti ekonomske konvergence.
To examine the state of economic convergence in the two Member States under review, the ECB makes use of a common framework for analysis which is applied to each country in turn.
Poleg tega se v ustreznem obsegu uporablja tudi pogled v prihodnost.
Second, it is based on a range of additional backward and forward-looking economic indicators which are considered to be useful for examining the sustainability of convergence in greater detail.
Na tem področju je treba še posebej opozoriti na dejstvo, da je trajnost ugodnih gospodarskih gibanj močno odvisna od ustreznih in dolgoročnih odzivov politike na obstoječe in prihodnje izzive.
Boxes 1 to 4 below briefly recall the provisions of the Treaty and provide methodological details which outline the application of these provisions by the ECB.
Gledano v celoti je treba poudariti, da je trajnost ekonomske konvergence odvisna tako od zdravega izhodiščnega položaja kot tudi od politik, ki se izvajajo po uvedbi eura.
In addition, and to the extent appropriate, a forward-looking perspective is adopted.
ECB za pregled stanja ekonomske konvergence v teh dveh državah članicah uporablja enoten analitičen okvir, ki se uporablja za vsako državo posebej.
In this context, particular attention is drawn to the fact that the sustainability of favourable economic developments hinges critically on appropriate and lasting policy responses to existing and future challenges.
Enoten okvir v prvi vrsti temelji na določbah Pogodbe, ki jih ECB uporablja pri analizi cenovnih gibanj, javnofinančnega salda in stopnje dolga ter deviznih tečajev in dolgoročnih obrestnih mer, skupaj z drugimi pomembnimi dejavniki.
Overall, it is emphasised that ensuring the sustainability of economic convergence depends both on the achievement of a sound starting position and on the policies pursued after the adoption of the euro.
Hkrati temelji tudi na sklopu dodatnih ekonomskih kazalnikov za pretekla in prihodnja obdobja, ki so koristni za podrobnejši pregled trajnosti konvergence. V okvirjih 1 do 4 spodaj so na kratko povzete določbe Pogodbe ter metodološka pojasnila glede njihove uporabe s strani ECB.
The common framework is applied individually to the two Member States under review.
Enoten okvir se uporablja za vsako ob obeh držav članic posebej.
These country examinations, which focus on each Member State’s performance, should be considered separately, in line with the provision of Article 121 of the Treaty.
Zato je treba preglede po državah, ki se osredotočajo na uspešnost posamezne države članice, v skladu z določbo člena 121 Pogodbe obravnavati ločeno.
This report builds on principles set out in previous reports published by the ECB (and prior to this by the European Monetary Institute) in order to ensure continuity and equal treatment.
Za zagotovitev kontinuitete in enake obravnave to poročilo temelji na načelih, opredeljenih v prejšnjih poročilih, ki jih je objavila ECB (pred tem pa Evropski monetarni inštitut).
In particular, a number of guiding principles are used by the ECB in the application of the convergence criteria.
Pri uporabi konvergenčnih kriterijev se ECB naslanja na nekaj temeljnih načel.
First, the individual criteria are interpreted and applied in a strict manner.
Prvo med njimi je, da se posamezni kriteriji razlagajo in uporabljajo brez odstopanja.
The rationale behind this principle is that the main purpose of the criteria is to ensure that only those Member States having economic conditions that are conducive to the maintenance of price stability and the coherence of the euro area can participate in it.
Razlog za to načelo je dejstvo, da morajo kriteriji zagotoviti, da lahko v euroobmočju sodelujejo samo tiste države članice, katerih gospodarske razmere omogočajo ohranjanje stabilnosti cen in povezanosti euroobmočja.
Second, the convergence criteria constitute a coherent and integrated package, and they must all be satisfied; the Treaty lists the criteria on an equal footing and does not suggest a hierarchy.
Drugo načelo določa, da konvergenčni kriteriji predstavljajo notranje skladen in medsebojno povezan sklop, zato morajo biti izpolnjeni vsi.
Third, the convergence criteria have to be met on the basis of actual data.
V Pogodbi so kriteriji našteti kot enakopravni in med njimi ni nikakršne hierarhije.
Fourth, the application of the convergence criteria should be consistent, transparent and simple.
Četrto načelo je, da mora biti uporaba konvergenčnih kriterijev dosledna, pregledna in preprosta.
Moreover, it is emphasised again that convergence must be achieved on a lasting basis and not just at a given point in time.
Poleg tega je treba še enkrat poudariti, da mora biti dosežena konvergenca trajna in ne le trenutna.
For this reason, the country examinations elaborate on the sustainability of convergence.
Zato pregledi po državah podrobno obravnavajo trajnost konvergence.
The cut-off date for the statistics included in this Convergence Report was 26 April 2007.
Presečni datum za statistične podatke v tem konvergenčnem poročilu je 26. april 2007.
The statistical data used in the application of the convergence criteria have been provided by the European Commission (see also the statistical annex and the tables and charts), in cooperation with the ECB in the case of the longterm interest rates.
Statistične podatke za oceno konvergenčnih kriterijev je zagotovila Evropska komisija (glej tudi statistično prilogo ter tabele in grafe v angleški izdaji tega poročila) v sodelovanju z ECB (v primeru dolgoročnih obrestnih mer).
Convergence data on price and longterm interest rate developments are presented up to March 2007, the latest month for which data on HICPs were available.
Konvergenčni podatki o gibanju cen in dolgoročnih obrestnih mer zajemajo obdobje do marca 2007, ki je zadnji mesec, za katerega so na voljo podatki o HICP.
For monthly data on exchange rates, the period considered in this report ends in March 2007, whereas daily data have been included until 26 April 2007.
Pri mesečnih podatkih o deviznih tečajih se obravnavano obdobje v tem poročilu konča marca 2007, medtem ko dnevni podatki vključujejo obdobje do 26. aprila 2007.
Data for fiscal positions cover the period up to 2006.
Podatki za javnofinančni položaj pokrivajo obdobje do leta 2006.
Account is also taken of forecasts from various sources, together with the most recent convergence programmes of the Member States and other information considered to be relevant to a forward-looking consideration of the
ECBKonvergenčno poročilomaj 2007
As a result, the average rate is 1.5% and, adding 1½ percentage points, the reference value is 3.0%.
Določbe Pogodbe o cenovnih gibanjih in njihova uporaba v ECB so podane v okvirju 1.
In this connection, attention is drawn to the orientation of monetary policy, in particular to whether the focus of the monetary authorities has been primarily on achieving and maintaining price stability, as well as to the contribution of other areas of economic policy to this objective.
Da bi omogočili podrobnejši pregled trajnosti cenovnih gibanj, je povprečna stopnja inflacije po HICP v 12-mesečnem referenčnem obdobju od aprila 2006 do marca 2007 ocenjena glede na ekonomsko uspešnost države članice pri doseganju cenovne stabilnosti v zadnjih desetih letih.
Moreover, the implications of the macroeconomic environment for the achievement of price stability are taken into account. Price developments are examined in the light of demand and supply conditions, focusing on, inter alia, factors influencing unit labour costs and import prices.
Pri tem je posebna pozornost posvečena usmeritvi denarne politike, zlasti temu, ali so si denarne oblasti prizadevale predvsem za doseganje in ohranjanje cenovne stabilnosti, ter dejstvu, ali so tudi druga področja gospodarske politike prispevala k doseganju tega cilja.
ECB Convergence Report May 2007
CENOVNA GIBANJA
The Commission may also prepare a report if, notwithstanding the fulfilment of the criteria, it is of the opinion that there is a risk of an excessive deficit in a Member State.
1 Določbe Pogodbe
The ECB report only recounts whether the country is subject to an excessive deficit procedure.
1 Določbe Pogodbe
ECB Convergence Report May 2007
Prva alinea člena 121(1) Pogodbe zahteva:
Past government expenditure and revenue trends are also considered in more detail and the broad areas for consolidation are outlined.
„doseganje visoke stopnje stabilnosti cen; to je razvidno iz stopnje inflacije, ki je blizu stopnji
In addition, the structure of government debt is considered, focusing in particular on the shares of debt with a shortterm maturity and foreign currency debt, as well as their development.
„doseganje visoke stopnje stabilnosti cen; to je razvidno iz stopnje inflacije, ki je blizu stopnji inflacije največ treh držav članic z najboljšimi doseženimi rezultati glede stabilnosti cen”.
This includes an assessment of the projected attainment of its mediumterm objective, as foreseen in the Stability and Growth Pact, as well as of the outlook for the debt ratio on the basis of current fiscal policies.
inflacije največ treh držav članic z najboljšimi doseženimi rezultati glede stabilnosti cen”.
However, such noncyclical effects, as quantified in this report, cannot necessarily be
Člen 1 Protokola o konvergenčnih kriterijih, na katerega se nanaša člen 121 Pogodbe, določa, da:
With regard to exchange rate developments, the Treaty provisions and their application by the ECB are outlined in Box 3.
Člen 1 Protokola o konvergenčnih kriterijih, na katerega se nanaša člen 121 Pogodbe, določa, da:
Article 121(1), third indent, of the Treaty requires:
„merilo stabilnosti cen iz prve alinee člena 121(1) te pogodbe pomeni, da ima država članica
“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”.
„merilo stabilnosti cen iz prve alinee člena 121(1) te pogodbe pomeni, da ima država članica trajno stabilne cene in povprečno stopnjo inflacije, zabeleženo v enem letu pred pregledom, ki trajno stabilne cene in povprečno stopnjo inflacije, zabeleženo v enem letu pred pregledom, ki ne presega za več kakor 1,5 odstotne točke stopnje inflacije največ treh držav članic z najboljšimi ne presega za več kakor 1,5 odstotne točke stopnje inflacije največ treh držav članic z najboljšimi doseženimi rezultati glede stabilnosti cen.
Article 3 of the Protocol on the convergence criteria referred to in Article 121 of the Treaty stipulates that:
Višina inflacije se izračuna z uporabo indeksa cen doseženimi rezultati glede stabilnosti cen.
“the criterion on participation in the exchange-rate mechanism of the European Monetary System referred to in the third indent of Article 121(1) of this Treaty shall mean that a Member
Višina inflacije se izračuna z uporabo indeksa cen življenjskih življenjskih potrebščin potrebščin na na primerljivi primerljivi osnovi, osnovi, upoštevaje upoštevaje razlike razlike v v definicijah definicijah posameznih posameznih držav”.
Page 13
držav”.
2 Application of Treaty provisions
2 Uporaba določb Pogodbe2 Uporaba določb Pogodbe
In cases of shorter periods of participation, exchange rate developments are described over a twoyear reference period as in previous reports.
ECB v tem poročilu uporablja določbe Pogodbe, kot je navedeno v nadaljevanju.
With respect to the integration of markets, the euro area’s share in the country’s total external trade is also examined.
ECB v tem poročilu uporablja določbe Pogodbe, kot je navedeno v nadaljevanju.
In addition to the performance of the nominal exchange rate against the euro, evidence
– V zvezi zvezi s s „povprečno
With regard to longterm interest rate developments, the Treaty provisions and their application by the ECB are outlined in Box 4.
„povprečno stopnjo stopnjo inflacije, inflacije, zabeleženo zabeleženo v v enem enem letu letu pred pred pregledom” pregledom” je je bila bila stopnja stopnja inflacije inflacije izračunana izračunana z z uporabo uporabo zadnjih zadnjih razpoložljivih razpoložljivih podatkov podatkov o o spremembi spremembi
2FRAMEWORK FOR ANALYSIS
Tako je referenčno obdobje za
– First, with regard to “an average nominal longterm interest rate” observed over “a period of one year before the examination”, the longterm interest rate has been calculated as an arithmetic average over the latest 12 months for which HICP data were available.
12-mesečnega povprečja indeksa HICP v zadnjih 12 mesecih.
The reference period considered in this report is April 2006 to March 2007.
Tako je referenčno obdobje za stopnjo inflacije v tem poročilu od aprila 2006 do marca 2007.
Over the reference period considered in this report, the longterm interest rates of these three countries were 3.8% (Sweden), 3.9% (Finland) and 5.3% (Poland); as a result, the average rate is 4.4% and, adding 2 percentage points, the reference value is 6.4%.
stopnjo inflacije v tem poročilu od aprila 2006 do marca 2007.
Interest rates have been measured on the basis of available harmonised longterm interest rates, which were developed for the purpose of examining convergence (see the statistical annex).
– V zvezi s pojmom „največ treh držav članic z najboljšimi doseženimi rezultati glede stabilnosti
For a country where no harmonised longterm interest rate is available, a broad analysis of financial markets is conducted to the extent possible, taking into account the level of government debt and other relevant indicators, with a view to assessing the durability of the convergence achieved by the Member State and of its participation in ERM II.
– V zvezi s pojmom „največ treh držav članic z najboljšimi doseženimi rezultati glede stabilnosti cen”, cen”, ki ki se se uporablja uporablja za za določanje določanje referenčne referenčne vrednosti, vrednosti, je je bilo bilo uporabljeno uporabljeno netehtano netehtano aritmetično aritmetično povprečje povprečje stopenj stopenj inflacije inflacije v v naslednjih naslednjih treh treh državah državah EU
MEMBER STATES WITH A DEROGATION AND LEGAL CONVERGENCE
(1,3%), Poljska
COMPATIBILITY OF NATIONAL LEGISLATION WITH THE TREATY
Tako je je povprečna povprečna stopnja stopnja
The ECB has examined the level of legal convergence in Cyprus and Malta, as well as the legislative measures that have been taken or need to be taken by them to achieve this goal.
1,5-odstotna, in ko se k temu prišteje 1½ odstotne točke, znaša referenčna vrednost 3,0%.
Such conditions refer, in the legal domain, in particular to central bank independence and to
1,5%, in ko se k temu prišteje 1,5 odstotne točke, znaša referenčna vrednost 3,0%.
Article 122(2) of the Treatyrequires the ECB (and the Commission) to report, at least once every two years or at the request of a Member State with a derogation, to the EU Council in accordance with the procedure laid down in Article 121(1).
Inflacija je je bila bila izmerjena izmerjena na na podlagi podlagi indeksa HICP, indeksa HICP, ki ki je je bil bil razvit razvit za za namene namene ocenjevanja ocenjevanja konvergence stabilnosti cen na primerljivi osnovi (glej statistično prilogo).
Each such report must include an examination of the compatibility between, on the one hand, the national legislation of each Member State with a derogation, including the statutes of its NCB, and, on the other hand, Articles 108 and 109 of the Treaty and the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the “Statute”).
Povprečna stopnja konvergence stabilnosti cen na primerljivi osnovi (glej statistično prilogo).
This Treaty obligation applying to Member States with a derogation is also referred to as “legal convergence”.
Povprečna stopnja inflacije v euroobmočju je prikazana v statističnem delu poročila.
When assessing legal convergence, the ECB is not limited to a formal
inflacije v euroobmočju je prikazana v statističnem delu poročila (angleška izdaja).
2FRAMEWORK FOR ANALYSIS the NCBs’ Eurosystem.
2 OKVIR ZA ANALIZO deflator BDP in cene pri proizvajalcih).
Neither the supremacy of the Treaty and the Statute over national legislation, nor the nature of the incompatibility, affects the need to comply with this obligation.
Z vidika prihodnjih gibanj so navedena možna inflacijska gibanja v prihodnjih letih ter napovedi najpomembnejših mednarodnih organizacij in tržnih udeležencev.
2.2.2.1 AREAS OF ADAPTATION For the purpose of identifying those areas where national legislation needs to be adapted, the following issues are examined:
Obravnavani so tudi strukturni vidiki, ki so pomembni za ohranjanje ugodnega okolja za stabilnost cen po prevzemu eura.
Provisions authorising such additional functions in NCB statutes are a clear example of circumstances in which differences may remain.
makroekonomskega okolja na doseganje cenovne stabilnosti.
In particular, any provisions that infringe an NCB’s independence, as defined in the Treaty, and its role as an integral part of the ESCB should be adjusted.
Cenovna gibanja so ocenjena glede na ponudbo in povpraševanje, pri čemer je pozornost med drugim posvečena dejavnikom, ki vplivajo na stroške dela na enoto proizvoda in na uvozne cene.
It is therefore insufficient to rely solely on the primacy of Community law over national legislation to achieve this.
Kot zadnje so bila upoštevana gibanja drugih pomembnih cenovnih indeksov (npr.
– compatibility with provisions on the independence of NCBs in the Treaty (Article 108) and the Statute (Articles 7 and 14.2) and also with provisions on confidentiality (Article 38 of the Statute);
HICP brez nepredelane hrane in energentov, nacionalni indeks cen življenjskih potrebščin (CPI), indeks cen življenjskih potrebščin brez sprememb v posrednih davkih, deflator zasebne potrošnje,
The obligation in Article 109 of the Treaty only covers incompatibility with the Treaty and Statute.
V okvirju 2 so navedene določbe Pogodbe o fiskalnih gibanjih in njihova uporaba s strani ECB, skupaj s proceduralnimi vprašanji.
ECB Convergence Report May 2007
FISKALNA GIBANJA
INDEPENDENCE OF NCBS
1 Določbe Pogodbe
This entails transparency and dialogue with third parties.
Druga alinea člena 121(1) Pogodbe zahteva:
While Article 105(1) of the Treaty does not apply to Member States with a derogation (see Article 122(3) of the Treaty), Article 2 of the Statute does apply to such Member States (see Article 43.1 of the Statute).
„vzdržnost stanja javnih financ; izhaja iz doseženega proračunskega stanja brez čezmernega primanjkljaja v skladu s členom 104(6)”.
Prohibition on giving instructions Rights of third parties to give instructions to NCBs, their decision-making bodies or their members are incompatible with the Treaty and the Statute as far as ESCB-related tasks are concerned.
Člen 2 Protokola o konvergenčnih kriterijih, na katerega se nanaša člen 121 Pogodbe, določa, da: to merilo „pomeni, da v času pregleda država članica ni predmet odločbe Sveta iz člena 104(6) te pogodbe o obstoju čezmernega primanjkljaja”.
their primary objective runs from 1 June 1998 in the case of Sweden and from 1 May 2004 for the Member States that joined the EU on that date.
Člen 104 določa postopek v primeru čezmernega primanjkljaja.
This is based on the fact that one of the guiding principles of the Community, namely price stability (Article 4(3) of the Treaty), applies also to Member States with a derogation.
Evropska komisija v skladu s členom 104(2) in (3) pripravi poročilo, če katera od držav članic ne izpolnjuje zahtev javnofinančne discipline, zlasti če:
The country assessments in this report are based on these conclusions with regard to the timing of the obligation on NCBs of Member States with a derogation to have price stability as their primary objective.
(a) razmerje med načrtovanim ali dejanskim javnofinančnim primanjkljajem in BDP presega referenčno vrednost (ki je v Protokolu o postopku v zvezi s čezmernim primanjkljajem opredeljena kot 3% BDP), razen:
independent accountants, and may be subject to ex post approval by third parties (e.g. government, parliament).
– če se je to razmerje znatno in stalno zmanjševalo ter doseglo raven blizu referenčne vrednosti, ali