natgillin/translations-raw huggingface dataset:
The loans will be provided on the basis of a programme negotiated with the Irish authorities by the European Commission and the IMF, in liaison with the ECB.
Posojila bodo odobrena na podlagi programa, ki ga bodo pripravili irski organi v dogovoru z Evropsko komisijo in Mednarodnim denarnim skladom v sodelovanju z ECB.
The three-pillar programme foresees: anoverhaul of the Irish banking system; restoration of fiscal sustainability, including correction of the country’s excessive deficit by 2015; andstructural reforms to enhance growth.
Tristebrni program določa: prenovo irskega bančnega sistema, ponovno vzpostavitev fiskalne stabilnosti, vključno z zmanjšanjem čezmernega primanjkljaja države do leta 2015, in strukturne reforme za okrepitev rasti.
European assistance (including bilateral loans) amounts to €45 billion of the €85 billion package.
Evropska pomoč (vključno z dvostranskimi posojili) znaša 45 milijard EUR od skupno 85-milijardnega svežnja.
The European Financial Stabilisation Mechanism (EFSM) consists of a maximum of €60 billion and is run by the European Commission, making use of the EU budget to raise money on the financial markets and on-lend the proceeds to a beneficiary Member State.
Evropski mehanizem za finančno stabilizacijo (EFSM), ki razpolaga z največ 60 milijardami EUR, upravlja Evropska komisija, ki prek proračuna EU pridobiva sredstva na finančnih trgih in tako pridobljena sredstva nadalje posoja državi članici upravičenki.
The European Financial Stability Facility (EFSF) can provide up to €440billion to help any euro-area country at risk of defaulting on its public debt.
Z evropskim instrumentom za finančno stabilnost (EFSF) se lahko zbere do 440 milijard EUR za pomoč kateri koli državi članici območja evra, ki ji grozi nezmožnost odplačila njenega javnega dolga.
It is a special-purpose vehicle that will issue its own debt in order to provide loans in the event that a euro-area country is faced with serious financial difficulties.
V takih primerih bo subjekt, ustanovljen v ta namen, izdal svoje dolžniške vrednostne papirje in tako zagotovil posojila v primeru resnih finančnih težav države območja evra.
The facility’s debt will be guaranteed by members of the euro area, as well as by Sweden and Poland, which volunteeredtotake part.
Za dolg tega subjekta bodo jamčile članice območja evra ter Švedska in Poljska, ki sta se prostovoljno odločili za sodelovanje.
The ECB maintained its key policy interest rates at historically low levels throughout the year, alongside some non-standard measures to ensure an efficient transmission of the very low interest rates to the economy and, ultimately, to prices.
ECB je vse leto ohranjala glavne obrestne mere na zgodovinsko nizkih ravneh, hkrati pa izvajala nekatere nestandardne ukrepe za zagotovitev učinkovitega prenosa zelo nizkih obrestnih mer na gospodarstvo in nazadnje na cene.
A securities market programme enabled it to purchase euro-area public and private bonds, and to ensure depth and liquidity in dysfunctional segments in the government bond market so as to restore the proper functioning of the monetary policy transmission mechanism.
Na podlagi programa za trg vrednostnih papirjev je ECB lahko kupovala javne in zasebne obveznice območja evra ter tako zagotavljala intenzivnost in likvidnost v nefunkcionalnih segmentih trga državnih obveznic, da bi transmisijski meha- nizem monetarne politike ponovno začel pravilno delovati.
Key interest rate on money loaned by the European Central Bank
Referenčna obrestna mera na sredstva, ki jih kot posojilo izda Evropska centralna banka.
ECB President Jean-Claude Trichet repeatedly stressed the ability of the euro to surmount the turbulence and pursued apolicy of keeping interest rates athistorically low levels.
Predsednik ECB Jean-Claude Trichet je večkrat poudaril, da je evro zmožen prebroditi pretrese, in vodil politiko ohranjanja obrestnih mer na zgodovinsko nizkih ravneh.
At the same time, several countries started to implement consolidation measures to reduce budget deficits and restore fiscal sustainability within the common framework provided by the EU’s Stability and Growth Pact.
Hkrati je več držav začelo izvajati konsolidacijske ukrepe za zmanjšanje proračunskih primanjkljajev in ponovno vzpostavitev fiskalne vzdržnosti na podlagi skupnega okvira, ki ga določa Pakt za stabilnost in rast.
The solidarity that the EU expresses with Member States must be matched by their exercise of responsibility.
V zameno za solidarnost, ki jo državam članicam nudi EU, morajo te ravnati odgovorno.
The strict conditionality written into the stabilisation mechanisms created during the year presupposes that beneficiary states play their role fully in containing public spending and introducing reforms that will bring their finances back into balance.
Strogi pogoji, ki jih vsebujejo stabilizacijski mehanizmi, vzpostavljeni med letom, predpostavljajo, da države upravičenke v celoti odigrajo svojo vlogo pri omejevanju javne porabe in uvajanju reform za ponovno vzpostavitev finančnega ravnovesja.
THE PROPOSED TREATY CHANGE
PREDLAGANA SPREMEMBA POGODBE
The President of the European Council consulted with the members of the European Council on a limited treaty change.
K členu 136 Pogodbe o delovanju Evropske unije se doda naslednji odstavek: „3.
Theresultwasagreement at the December European Council that the treaty should be amended to allow for the creation of the European Stability Mechanism (ESM). The aim is for the ESM to replace the EFSF and the EFSM in 2013.
Države članice, katerih valuta je evro, lahko vzpostavijo mehanizem za stabilnost, ki se sproži, če je nujno potreben za ohranitev stabilnosti območja evra kot celote.
It will be activated by mutual agreement of the euro-area Member States in situations where the stability of the euro area as a whole is at risk.
Odobritev kakršne koli finančne pomoči, ki bi se zahtevala na podlagi mehanizma, bo pogojena z izpolnjevanjem strogih zahtev.“
The following paragraph shall be addedto Article 136 of the Treaty on the Functioning of the European Union: ‘3.
Predsednik Evropskega sveta se je s člani Evropskega sveta posvetoval o manjših spremembah Pogodbe.
The Member States whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole.
Rezultat posvetovanj je bil dogovor, ki so ga sklenili na decembrskem zasedanju Evropskega sveta, o spremembi Pogodbe, da se omogoči vzpostavitev evropskega mehanizma za stabilnost (ESM).
The granting of any required financial assistance under the mechanism will be made subject to strict conditionality.’
Mehanizem naj bi leta 2013 zamenjal evropski instrument za finančno stabilnost in evropski mehanizem za finančno stabilizacijo ter bo sprožen na podlagi skupnega soglasja držav članic območja evra, če bi bila ogrožena stabilnost območja evra kot celote.
Growth in GDP, real annual change (%) 2011–12are forecasts
Rast BDP, realna letna sprememba (%). Podatki za obdobje 2011–2012 so napovedi.
STRENGTHENED ECONOMIC GOVERNANCE
OKREPLJENO GOSPODARSKO UPRAVLJANJE
Over the course of the year, the Parliament, Council and Commission worked together on the construction of a new architecture to remedy these damaging deficiencies.
Parlament, Svet in Komisija so vse leto skupaj oblikovali novo strukturo za odpravo teh škodljivih pomanj- kljivosti. Načelno so se dogovorili o:
They agreed on the principle of creating: n ul l
Tudi njen javni dolg je bil majhen, in sicer samo 7,2 % BDP.
Legislating for better economic governance
Zakonodajni ukrepi za boljše gospodarsko upravljanje
In September the Commission delivered a comprehensive package of legislative measures to reinforce economic governance in the EU and the euro area.
Septembra je Komisija sprejela celovit sveženj zakonodajnih ukrepov za okrepitev gospodarskega upravljanja v EU in na območju evra.
It aims at broader and enhanced surveillance of fiscal policies, as well as of macroeconomic policies and structural reforms.
Njihov cilj je širši in okrepljen nadzor fiskalnih politik ter makroekonomskih politik in strukturnih reform.
It also provides new enforcement mechanisms for non-compliant Member States.
Poleg tega uvaja nove mehanizme izvrševanja za države članice, ki kršijo predpise.
Four of the six proposals deal with fiscal issues, including a wide-ranging reform of the Stability and Growth Pact, so that sanctions will be the normal consequence for countries in breach of their commitments.
Štirje od šestih predlogov obravnavajo fiskalna vprašanja, vključno z obsežno reformo Pakta za stabilnost in rast, ki bo zagotovila, da bodo kazni običajna posledica za države, ki bodo kršile svoje obveznosti.
Two other regulations aim at detecting and addressing emerging macroeconomic imbalances within the EU and the euro area.
Dve drugi uredbi sta namenjeni ugotavljanju in obravnavi makroekonomskih neravnovesij znotraj EU in območja evra.
Meanwhile, making use of the existing rules, the Commission maintained its routine surveillance of Member States’ finances.
O poročilu bo zgodaj spomladi razpravljal Evropski svet, ki bo opredelil glavne gospodarske izzive za EU ter izdelal strateški nasvet za politike EU in območja evra.
During 2010, the excessive deficit procedure was initiated in 24 countries in breach of the rules, requiring them to correct their excessive deficit situation.
Hkrati bodo pripravile nacionalne programe reform, ki bodo določali, kaj je treba storiti za okrepitev njihovih politik na področjih, kot sta zaposlovanje in socialna vključenost.Vsi ti programi bodo hkrati objavljeni aprila.
Budgetary expansion played a crucial role in maintaining an acceptable level of economic activity and growth.
Komisija bo nato ocenila politike, ki so jih države članice oblikovale v svojih programih, in Svetu priporočila, da pripravi posebno usmeritev politike za vsako državo članico, katere programi ne bi bili zadovoljivi.
However, in order to make full use of Europe’s competitive advantage, it is crucial that Member States now implement structural reforms to support private demand and innovative growth.
Države članice so podprle uvedbo Evropskega semestra in tako izrazile pripravljenost, da prevzamejo odgovornost za te korake, brez katerih ne bo uspeha.
‘The work on the Stability Pact is not simply about being punitive to Member States or about rectifying past mistakes...
Leta 2010 je bil postopek v zvezi s čezmernim primanjkljajem sprožen v 24 državah, ki so kršile predpise, in od njih se je zahtevalo, da odpravijo čezmerni primanjkljaj.
We must not lose sight of the wider challenge of improving Europe’s structural and sustainable growth rate and its general economic performance.
Vendar je zdaj bistveno, da države članice izvedejo strukturne reforme ter tako podprejo zasebno povpraševanje in inovativno rast, da bo Evropa lahko v celoti izkoristila svojo konkurenčno prednost.
This was the focus of the Europe 2020 strategy... The answer to those who fear that fiscal retrenchment will cut economic growth rates is to focus better on the underlying structural factors that hinder our economic performance and to remedy them.’Herman Van Rompuy, speaking in the European Parliament, 24 November
To je osrednji cilj strategije Evropa 2020 … Če se želimo odrešiti skrbi, da bo fiskalno omejevanje zmanjšalo gospodarsko rast, se je treba bolj osredotočiti na temeljne strukturne dejavnike, ki ovirajo našo gospodarsko uspešnost, in jih odpraviti.“ Nagovor Hermana Van Rompuya v Evropskem parlamentu 24. novembra.
How EU emergency measures averted collapse
Kako so ukrepi v sili, ki jih je sprejela EU, preprečili propad
In 2009 the EU-27 countries put 9.3% of their gross domestic product on the line to save the banking system from failure during the financial crisis.
Leta 2009 je 27 držav članic tvegalo 9,3 % svojega domačega bruto proizvoda, da bi v finančni krizi bančni sistem rešile pred propadom.
Throughout the year, the Commission continued to authorise national state aids to banks, wherever it judged that the measure was an appropriate remedy to a serious disturbance in the national economy.
Komisija je celo leto še naprej odobravala nacionalne državne pomoči bankam, če je presodila, da je to ustrezen ukrep za odpravo hudih motenj v nacionalnem gospodarstvu.
This temporary support to banks allows them to ensure adequate levels of lending to companies in the real economy and helps stabilise financial markets by restoring confidence.
Taka začasna podpora bankam omogoča zagotovitev ustreznih ravni posojil podjetjem v realnem gospodarstvu in tako pomaga stabilizirati finančne trge s ponovno vzpostavitvijo zaupanja.
The conditions attached ensure, at the same time, that competition is not distorted.
Pogoji, ki jih je treba upoštevati za pridobitev pomoči, pa hkrati zagotavljajo, da ne pride do izkrivljanja konkurence.
Altogether, between October 2008 and July 2010 the Commission approved Member State crisis measures for the banking sector with an overall maximum volume of €4 589 billion.
Komisija je med oktobrom 2008 in julijem 2010 odobrila krizne ukrepe držav članic za bančni sektor v višini skupno največ 4 589 milijard EUR.
Guarantee schemes and ad hoc interventions account for over three quarters of this volume, amounting to €3485 billion.
Jamstvene sheme in ukrepi ad hoc štejejo za več kot tri četrtine tega zneska, tj. 3 485 milijard EUR. Med avgustom 2008 in julijem 2010 je Komisija odobrila dokapitalizacijske ukrepe v vrednosti 546 milijard EUR.
For the same period the Commission approved impaired assets interventions and liquidity measures amounting to €558 billion.
V istem obdobju je odobrila ukrepe v zvezi z oslabljenimi sredstvi in likvidnostne ukrepe v višini 558 milijard EUR.
The exceptional state aid framework adopted at the beginning of the crisis, to ease some of the strains on the real economy, was extended for another year by a Commission decision in December, with new conditions attached.
S sklepom Komisije iz decembra je bil začasni okvir za ukrepe državnih pomoči, sprejet na začetku krize za ublažitev pritiskov na realno gospodarstvo, podaljšan za eno leto, dodani pa so mu bili novi pogoji.
Once growth takes hold, exit strategies are to be put in place so that all Member States reduce support — although in a differentiated manner that reflects their varying economic and fiscal circumstances.
Ko bo rast stabilna, bo treba oblikovati strategije izhoda, da bodo vse države članice zmanjšale podporo, čeprav na različen način, odvisno od njihovih gospodarskih in fiskalnih razmer.
It was recognised that Member State economies are not going to recover their dynamism or competitive edge if they rely excessively on backing from their governments.
Obstaja soglasje, da se dinamičnost in konkurenčne prednosti gospodarstev držav članic ne bodo povrnile, če bodo ta preveč slonela na državni podpori.
The agreement is that as from 2011, when the economic recovery is expected to have gained momentum, fiscal stance across all Member States will become more restrictive, so as to promote sustainable growth.
Dogovorjeno je bilo, da bo fiskalna politika od leta 2011, ko naj bi gospodarsko okrevanje dobilo zagon, v vseh državah članicah bolj restriktivna, da se spodbudi trajnostna rast.
For the financial sector, the gradual disengagement from state support has already started.
V finančnem sektorju se je že začelo postopno umikanje državne podpore.
The process will occur through the tightening of conditions for new government guarantees from July 2010 through a fee increase, and through a closer scrutiny of the viability of heavy guarantee users.
Proces bo vključeval zaostrovanje pogojev za nova državna jamstva od julija 2010 z zvišanjem pristojbin in strožji nadzor nad sposobnostjo preživetja velikih uporabnikov jamstev.
As of 1 January 2011, every bank in the EU having recourse to state support in the form of capital or impaired asset measures will have to submit a restructuring plan.
Od 1. januarja 2011 bo morala vsaka banka v EU, ki bo prejemala državno podporo v obliki kapitala ali ukrepov v zvezi z oslabljenimi sredstvi, predložiti načrt prestrukturiranja.
The economic crisis revealed significant gaps in the regulatory and supervisory framework of the financial sector.
Gospodarska kriza je razkrila velike pomanjkljivosti v regulativnem in nadzornem okviru finančnega sektorja.
Profound and comprehensive reforms have been put in place, to ensure that the financial sector is a reliable partner in the future growth of EU prosperity — and to protect the citizens and businesses that have put their trust in banks.
Izvedene so bile globoke in celovite reforme, ki naj bi zagotovile, da bo finančni sektor zanesljiv partner pri rasti blaginje EU v prihodnosti, državljani in podjetja, ki so zaupali bankam, pa zaščiteni.
If the EU is to remain competitive it must champion a strong financial sector, a sector in which banks, not taxpayers, pay up front to cover the costs of their own risks of failure.
Da bi bila EU še naprej konkurenčna, se mora zavzemati za trden finančni sektor, v katerem bodo banke in ne davkoplačevalci vnaprej zagotavljali sredstva za kritje stroškov tveganj propada.
Sound government finances and responsible financial markets give the confidence and economic strength for sustainable growth.
Zdrave javne finance in odgovorni finančni trgi vzbujajo zaupanje in dajejo gospodarsko moč za trajnostno rast.
The most fundamental change is the creation of a new supervisory structure, comprising three EU authorities with binding powers over the EU’s financial sector, and the creation of a European Systemic Risk Board (11
Največja sprememba je oblikovanje nove nadzorne strukture, ki jo sestavljajo trije organi EU z zavezujočimi pooblastili nad finančnim sektorjem EU, in ustanovitev
In restoring troubled banks to health, the EU has conducted tests on their ability to withstand future shocks.
EU preizkusila njihovo zmožnost, da prenesejo prihodnje pretrese.
And in its competition policy the EU has struck a careful balance in permitting state aid, under tight conditions, to support recovery while ensuring that the market is not distorted.
Na področju politike konkurence je EU našla pravo ravnovesje in pod strogimi pogoji dovolila državno pomoč za podporo oživitvi, hkrati pa zagotovila, da trg ni izkrivljen.
THE NEW FINANCIAL SUPERVISION ARCHITECTURE
NOVA STRUKTURA FINANČNEGA NADZORA
Financial supervision took on a genuinely European dimension during the year, to match the reality that financial companies and markets operate mostly at a European level.
Finančni nadzor je med letom dobil resnično evropsko razsežnost, da bi se upoštevalo dejstvo, da finančne družbe in trgi delujejo predvsem na evropski ravni.
The reform of financial supervision is unique to Europe — nowhere else in the world has such a supervisory framework been created.
Reforma finančnega nadzora v Evropi je edinstvena – nikjer drugje na svetu ni takšnega nadzornega okvira.
Thenew framework, adopted in November, strengthens financial sector supervision and reduces risks, making Europe a safer place economically and more attractive to investors.
Novi okvir, ki je bil sprejet novembra, krepi nadzor finančnega sektorja in zmanjšuje tveganja, zaradi česar je Evropa varnejša z gospodarskega vidika in privlačnejša za vlagatelje.
For financial markets to have the confidence and trust of the public and investors, supervisory authorities need sufficient information and the power to act early when a problem arises.
Da bodo javnost in vlagatelji zaupali v finančne trge, morajo imeti nadzorni organi dovolj informacij in ustrezna pooblastila za pravočasno ukrepanje ob pojavu težav.
So the EU designed and agreed on a common approach that provides joined-up and consistent oversight of financial companies acrossborders.
EU se je dogovorila in oblikovala skupni pristop, ki zagotavlja čezmejen skupen in usklajen nadzor nad finančnimi podjetji.
Tough new powers have been vested in new EU-level authorities.
Na nove organe na ravni EU so bila prenesena nova široka pooblastila.
A consensus was reached on a European supervisory structure that responds to the interests of Member States and the European Union — and above all to the needs of European citizens, consumers and investors.
Doseženo je bilo soglasje o evropski nadzorni strukturi, ki ustreza interesom držav članic in Evropske unije ter predvsem potrebam evropskih državljanov, potrošnikov in vlagateljev.
The new authorities can settle disputes among national financial supervisors and ban over-risky financial products and activities.
Novi organi lahko rešujejo spore med nacionalnimi finančnimi nadzornimi organi ter prepovejo preveč tvegane finančne produkte in dejavnosti.
And if national supervisors fail to act, then the new authorities may also impose decisions directly on financial institutions so as to remedy breaches of EU law.
Če nacionalni nadzorni organi ne ukrepajo, lahko novi organi izrečejo odločitve neposredno finančnim institucijam, da se odpravijo kršitve prava EU.
Attention will be focused on weak spots in financial markets, and country-by-country reporting will be introduced.
Pozornost bo osredotočena na šibke točke finančnih trgov in uvedeno bo poročanje po posameznih državah.
Within the new structure: n ul l
V okviru nove strukture:
The Commission also initiated a wide range of actions to keep up the momentum of financial sector reform and to widen its scope.
Komisija je začela tudi izvajati najrazličnejše ukrepe, da bi izkoristila zagon za reformo finančnega sektorja in razširila njen obseg.
These proposals and consultations include: n ul l
Primer teh ukrepov so naslednji predlogi in posvetovanja:
Competition policy, and in particular the coherent and predictable enforcement of state aid rules, played an important role in the response to the crisis.
Politika konkurence ter zlasti usklajeno in predvidljivo izvrševanje pravil o državni pomoči sta imela pomembno vlogo pri odzivu na krizo.
Extraordinary rescue measures adopted at the beginning of the crisis proved successful as they were capable of restoring financial stability and of supporting economic recovery.
Izredni reševalni ukrepi, sprejeti na začetku krize, so bili uspešni, saj so ponovno vzpostavili finančno stabilnost in podprli gospodarsko okrevanje.
State aid policy has helped shape governments’ responses to the crisis and also prevented a meltdown of the financial system.
Politika državne pomoči je vladam pomagala pri odzivanju na krizo, poleg tega pa preprečila zlom finančnega sistema.
This avoided subsidy races between Member States, reduced distortions of competition and limited the incentives for excessive risk-taking.
To je preprečilo tekmovanje za subvencije med državami članicami, zmanjšalo izkrivljanje konkurence in omejilo spodbude za sprejemanje prevelikih tveganj.
The Commission decisions facilitated access to credit and provided a mechanism for the coordination of Member States’ bailouts of financial institutions.
Odločitve Komisije so olajšale dostop do posojil in zagotovile mehanizem za uskladitev reševanja finančnih institucij s strani držav članic.
The Commission has also explicitly tackled moral hazard.
Komisija se je prav tako izrecno lotila problema moralnega hazarda.
This arises when a company believes it can behave irresponsibly with impunity, convinced that it will be protected from failure because its collapse would provoke unacceptably wide repercussions for society.
Ta problem se pojavi, ko družba misli, da lahko ravna neodgovorno, ne da bi bila kaznovana, ker je prepričana, da bo zaščitena pred propadom, saj bi ta imel nesprejemljive družbene posledice.
It is for this reason that the Commission ensured that aid was not granted as a mere gift to failing businesses, but that all bailouts come with conditions — a prerequisite for a return to normal functioning of the market.
Zato je Komisija zagotovila, da se pomoč plačilno nesposobnim podjetjem ne odobri kot darilo, ampak je odvisna od izpolnjevanja pogojev, kar je predpogoj za ponovno vzpostavitev normalnega delovanja trga.