natgillin/translations-raw huggingface dataset:
For the latter country, this removed a major obstacle to the adoption of the euro in 2008.
Junija 2007 je to storil tudi za Nemčijo, Grčijo in Malto. Za slednjo je to pomenilo odpravo velike ovire za sprejem eura v letu 2008.
Finally, in October 2007 the ECOFIN Council abrogated the excessive deficit procedure against the United Kingdom.
Ekonomsko-finančni svet je oktobra 2007 odpravil tudi postopek v zvezi s čezmernim primanjkljajem proti Združenemu kraljestvu.
Following the correction of the excessive deficits, it is now essential that Member States continue their structural fi fiscal consolidation in line with the provisions of the Stability and Growth Pact to reach their mediumterm objective.
Po popravku čezmernih primanjkljajev je zdaj bistveno, da države članice nadaljujejo strukturno fiskalno konsolidacijo v skladu z določbami Pakta za stabilnost in rast ter tako uresničijo svoj srednjeročni cilj.
This will also help to prevent the 3% of GDP deficit reference value from being breached again as a result of normal cyclical variations in economic activity.
To bo tudi pomagalo preprečiti, da bi se zaradi normalnih cikličnih nihanj v gospodarski aktivnosti ponovila kršitev referenčne vrednosti primanjkljaja, ki znaša 3% BDP.
Two euro area countries (Italy and Portugal) and four noneuro area countries (the Czech Republic, Hungary, Poland and Slovakia) were still subject to ongoing excessive deficit procedures at the end of 2007.
Ob koncu leta 2007 so se postopki v zvezi s čezmernim primanjkljajem še naprej izvajali za dve državi euroobmočja (Italija in Portugalska) in štiri države zunaj euroobmočja (Češka, Madžarska, Poljska in Slovaška).
Fiscal developments in the Czech Republic were a cause for concern.
Skrb vzbujajoča so bila fiskalna gibanja na Češkem.
In July 2007 the ECOFIN Council decided, upon a recommendation by
Ekonomsko-finančni svet je julija 2007 na priporočilo Evropske komisije sklenil,
In October 2007 the ECOFIN Council discussed the effectiveness of the preventive arm of the Stability and Growth Pact, based on proposals from the European Commission included in its communication accompanying the report entitled “Public finances in EMU – 2007”.
Oktobra 2007 je Ekonomsko-finančni svet na podlagi predlogov Evropske komisije iz sporočila, ki je spremljalo poročilo o javnih financah v EMU za leto 2007 (Public finances in EMU – 2007), razpravljal o učinkovitosti preventivnega dela Pakta za stabilnost in rast.
Ministers concluded that all countries which had not yet reached their mediumterm objective should speed up the pace of deficit and debt reduction and allocate higher than expected revenues to this objective.
Ministri so sklenili, da morajo vse države, ki še niso dosegle svojega srednjeročnega cilja, pospešiti zniževanje primanjkljaja in dolga ter temu nameniti več prihodkov, kot je bilo predvideno.
They also reiterated the importance of national rules-based multi-annualfi fiscal frameworks and appropriate involvement of national parliaments.
Vnovič so poudarili tudi pomembnost večletnih nacionalnih fiskalnih okvirov na osnovi pravil in ustreznega sodelovanja nacionalnih parlamentov.
Moreover, Member States were asked to specify in their stability and convergence programmes how their mediumterm objectives would be met, including information on the extent to which further measures are required to achieve them.
Poleg tega so od držav članic zahtevali, da v svojih konvergenčnih programih in programih stabilnosti navedejo, kako bodo dosegle svoj srednjeročni cilj, vključno s podatki o obsegu dodatnih ukrepov, ki so potrebni za njihovo uresničitev.
The Commission was requested to work further on
Komisija je bila naprošena, da nadaljuje delo na področju merjenja osnovnega jav-nofi finančnega položaja.
Council (knowledge and innovation, business potential, labour markets, and energy).
1.2 INSTITUCIONALNA VPRAŠANJA breme zaradi staranja prebivalstva vključi v opredelitev srednjeročnih ciljev.
With regard to the longterm sustainability of public finances, the ECOFIN Council invited the Commission to provide proposals for discussion in 2008 on how to include the ageing-induced fiscal burden in the definition of the mediumterm objectives.
Svet EU ni spreminjal integriranih smernic, ki so bile sprejete leta 2005 za obdobje treh let, pri tem pa je pozval k večji usmerjenosti na izvajanje strategije, s čimer bi uresničili splošni cilj večje rasti in večjega števila delovnih
The ECB has repeatedly stressed the importance of implementing structural reforms and welcomes the determination of the Commission and the Member States to implement the renewed Lisbon strategy at the EU and national levels.
LIZBONSKA POGODBAVoditelji držav ali vlad držav članic EU so 13. decembra 2007 podpisali Lizbonsko pogodbo, ki spreminja Pogodbo o Evropski uniji in Pogodbo ustanovitvi Evropske skupnosti.
It is particularly important that the euro area countries implement comprehensive reform measures, as they share the responsibility for ensuring the smooth functioning of EMU.
Nova pogodba je trenutno v procesu ratifikacije, ki naj bi jo potrdilo vseh 27 držav članic. Predvideno je, da bo začela veljati 1. januarja 2009, če bo proces ratifikacije do takrat končan.
The new Treaty is now in the process of being ratified by all 27 Member States.
ECB pozdravlja to poenostavitev pravnega in institucionalnega okvira EU.
The intention is for it to enter into force on 1 January 2009, provided that the ratification process has been finalised by that date.
Po mnenju ECB je bistvenega pomena, da stabilnost cen ne ostane samo glavni cilj ECB in ESCB, temveč mora biti tudi cilj EU.
If this is not the case, the Treaty of Lisbon will enter into force on the first day of the month following ratification by the last Member State.
Nova pogodba to predvideva, kot cilj EU pa določa tudi oblikovanju ekonomske in monetarne unije z eurom kot njeno valuto.
The new Treaty amends the Treaty establishing the European Community and the Treaty on European Union.
države euroobmočja. Države članice so jeseni 2007 predložile svoje drugo poročilo o napredku v zvezi z nacionalnim programom reform v obdobju 2005–08.
These two Treaties will continue to be the basis on which the EU functions.
V teh poročilih so države članice opisale napredek, ki so ga dosegle pri izvajanju svoje strategije strukturnih reform.
Under the new Treaty, the Community is succeeded and replaced by the Union, which will have legal personality.
Poročila o napredku nacionalnih programov reform sta ocenila Ekonomsko-finančni svet in Evropska komisija, ki je decembra 2007 objavila strateško poročilo.
The ECB welcomes this simplification of the EU’s legal and institutional framework.
Te ocene so bile osnova za sprejem novega sklopa integriranih smernic v letu 2008 za nov triletni cikel 2008–10.
The ECB considered it essential that price stability should remain not only the primary objective of the ECB and the ESCB, but should also be a stated objective of the EU.
ECB, ki je trenutno organ Skupnosti, postane institucija Unije. ECB je menila, da je za uspešno opravljanje njenih nalog nujno, da se posebne institucionalne značilnosti ECB in ESCB ohranijo.
The new
Med temi so
In accordance with the 2005 mid-term review of the Lisbon strategy, the Integrated Guidelines are determined for a period of three years and thereafter updated annually during that period (see the ECB’s Annual Report 2005, pp. 140-141).
Integrirane smernice so v skladu z vmesnim pregledom lizbonske strategije iz leta 2005 določene za obdobje treh let, potem pa se dopolnijo vsako leto (glej Letno poročilo ECB 2005, str. 140-141).
Member States submitted in autumn 2007 their second progress reports on their 2005-08 national reform programmes. These reports set out the progress Member States have made so far in implementing their structural reform strategies.
ECB je vztrajno poudarjala pomembnost izvajanja strukturnih reform in pozdravlja odločenost Komisije in držav članic, da izvajajo prenovljeno lizbonsko strategijo na ravni EU in na nacionalni ravni.
The progress reports on the national reform programmes were assessed by the ECOFIN Council, as well as by the European Commission, which published a “Strategic report” in December 2007.
Zlasti je pomembno, da države euroobmočja izvajajo celovite reformne ukrepe, saj so skupno odgovorne za zagotavljanje nemotenega delovanja EMU.
This cooperation developed in parallel with the overall institutional dialogue between the EU and these countries.
nje se je razvijalo vzporedno s splošnim institucionalnim dialogom med EU in temi državami.
Accession negotiations with Croatia began in October 2005.
Pristopna pogajanja s Hrvaško so se začela oktobra 2005.
The opening of individual chapters of the acquis communautaire for negotiation started in June 2006 and proceeded smoothly in 2007, with negotiations having been conducted on a substantial number of the 35 chapters by the end of the year.
Pogajanja o posameznih poglavjih pravnega reda Evropskih skupnosti so se začela junija 2006 in nemoteno nadaljevala v letu 2007, pri čemer so do konca leta potekala pogajanja o precejšnjem številu od skupaj 35 poglavij.
The ECB continued to strengthen its bilateral relations with the Croatian National Bank, paying a staff visit to Zagreb in April 2007 and hosting its governor in Frankfurt for the annual highlevel pre-accession dialogue in October 2007.
ECB je še naprej krepila dvostranske odnose s hrvaško narodno banko, aprila 2007 so predstavniki ECB obiskali Zagreb, oktobra 2007 pa je ECB v Frankfurtu gostila guvernerja hrvaške narodne banke na letnem predpristopnem dialogu na visoki ravni.
These include recognition of the Eurogroup, which retains its current informal status.
priznanje Euroskupine, ki ohranja svoj trenutni neformalni status.
Its President will serve a two and a half year term.
Njen predsednik ima dveinpolletni mandat.
Moreover, the role of the euro area countries is strengthened.
Okrepljena je tudi vloga držav euroobmočja.
Although the EU Council will still decide, on the basis of a Commission proposal, whether a Member State can adopt the euro, the euro area countries will provide a recommendation prior to such a decision.
Čeprav bo o tem, ali država članica lahko uvede euro, še naprej odločal Svet EU na predlog Komisije, bodo države euroobmočja pred takim sklepom posredovale priporočilo.
Similarly, decisions on non-compliance by euro area countries with the excessive deficit procedure and the Broad Economic Policy Guidelines will be taken only by euro area countries, and without the Member State concerned.
Podobno bodo odločitve o neizpolnjevanju postopka v zvezi s čezmernim primanjkljajem in širših smernic ekonomske politike v kateri od držav članic euroobmočja sprejemale izključno države euroobmočja brez zadevne države članice.
Finally, a new provision allows the euro area countries, by a qualified majority, to adopt new measures to
Nova je tudi določba, ki državam euroobmočja omogoča, da s kvalificirano večino sprejmejo nove ukrepe za okrepitev koordinacije in nadzora proračunske discipline in da določijo posebne smernice ekonomske politike za države euroobmočja.
After opening accession negotiations with Turkey in October 2005, the European Commission started negotiations on the individual chapters of the acquis communautaire in June 2006.
Po začetku pristopnih pogajanj s Turčijo oktobra 2005 je Komisija junija 2006 začela pogajanja o posameznih poglavjih pravnega reda Evropskih skupnosti.
In December 2006 the European Council decided to suspend talks for 8 out of the 35 chapters in the EU accession process, owing to the lack of progress in the extension of the customs union to the EU Member States.
Decembra 2006 je Evropski svet sklenil prekiniti pogovore o 8 od skupno 35 poglavij v pristopnem procesu EU zaradi pomanjkljivega napredka na področju razširitve carinske unije na države članice EU.
Five chapters – on enterprise and industrial policy, statistics, financial control, trans-European networks, and health and consumer protection – were opened in the course of 2007.
V letu 2007 je bilo odprtih pet poglavij – o podjetniški in industrijski politiki, statistiki, finančnem nadzoru, vseevropskih omrežjih ter o varstvu potrošnikov in zdravja.
The EU institutions are continuing to screen the compatibility of Turkish legislation with the acquis communautaire and preparations are under way for the possible opening of the other chapters.
Institucije EU nadaljujejo pregled združljivosti turške zakonodaje s pravnim redom Evropskih skupnosti, potekajo pa tudi priprave na morebitno odpiranje drugih poglavij.
The ECB continued its long-standing highlevel policy dialogue with the Central Bank of the Republic of Turkey, which included a visit of the President of the ECB to Ankara on 1 June 2007, on the occasion of the 75th anniversary of the Turkish central bank.
ECB je nadaljevala svoj dolgoletni dialog na visoki ravni o politikah s turško centralno banko, vključno z obiskom predsednika ECB v Ankari 1. junija 2007 ob
The discussions focused on recent macroeconomic and financial developments in Turkey, the monetary policy of the Central Bank of the Republic of Turkey, and the economic and monetary situation in the euro area.
bile osredotočene na novejša makroekonomska in finančna gibanja v Turčiji, na denarno politiko turške centralne banke ter na gospodarsko in denarno stanje v euroobmočju.
In the course of 2007, technical assistance was also provided when requested by the Turkish central bank, for example in the areas of internal finance and payment systems.
Na zahtevo turške centralne banke je bila v letu 2007 zagotovljena tudi tehnična pomoč, med drugim na področju notranjih financ in plačilnih sistemov.
The former Yugoslav Republic of Macedonia was granted candidate status in December 2005.
Nekdanja jugoslovanska republika Makedonija je decembra 2005 dobila status države kandidatke.
However, the European Council decided that negotiations would not be opened until a number of conditions had been met, including the effective implementation of the Stabilisation and Association Agreement signed with the EU, and no exact date has yet been specified.
Vendar se je Evropski svet odločil, da se pogajanja ne bodo začela, dokler ne bo izpolnjenih več pogojev, med drugim tudi učinkovito izvajanje stabilizacijsko-pridružitvenega
The Commission closely monitors progress achieved, and while it acknowledged that steps in the right direction have been taken, it listed several areas for reform where efforts need to be increased.
Komisija pozorno spremlja doseženi napredek in priznava, da so bili storjeni koraki v pravo smer, vendar je navedla tudi več področij, na katerih je treba reformna prizadevanja okrepiti.
Contacts between the ECB and the National Bank of the Republic of Macedonia were intensified at the staff level.
Okrepili so se stiki med strokovnjaki ECB in narodne banke Makedonije.
2 INTERNATIONAL ISSUES
2MEDNARODNA VPRAŠANJA
The accumulation of reserves continued to be particularly significant in the case of China, where foreign exchange reserves reached levels well above USD 1 trillion.
2.1 GLAVNA DOGAJANJA V MEDNARODNEM DENARNEM IN FINANČNEM SISTEMU segle 1 bilijon USD.
The increase in foreign exchange reserves in surplus economies contributed to a rise in the importance of sovereign wealth funds in global financial markets.
Povečanje deviznih rezerv v državah s presežkom je privedlo do večjega pomena državnih premoženjskih skladov na svetovnih fi nančnih trgih.
SURVEILLANCE OF MACROECONOMIC POLICIES IN THE GLOBAL ECONOMY Given the rapid pace of economic and financial integration, the global economic environment is becoming increasingly relevant for the conduct of economic policy in the euro area.
SPREMLJANJE MAKROEKONOMSKIH POLITIK V SVETOVNEM GOSPODARSTVU Glede na hitro gospodarsko in finančno integracijo postaja svetovno gospodarsko okolje vse pomembnejše za vodenje ekonomske politike v euroobmočju.
As a result, the Eurosystem closely monitors and analyses macroeconomic policies and underlying developments in countries outside the euro area.
Eurosistem zato pozorno spremlja in analizira makroekonomske politike in osnovna gibanja v državah zunaj euroobmočja.
It also plays an important role in the process of international multilateral surveillance of macroeconomic policies, which takes place mainly at the meetings of international organisations such as the BIS, the IMF and the OECD, as well as in fora such as the G7 and G20 fi finance ministers and central bank governors.
Eurosistem ima tudi pomembno vlogo v mednarodnem večstranskem spremljanju makroekonomskih politik, ki poteka predvsem na zasedanjih mednarodnih organizacij, kot so BIS, MDS in OECD, ter v forumih, kot so srečanja fi nančnih ministrov in guvernerjev centralnih bank skupine G7 in G20.
In relevant institutions and fora, the ECB has been granted either member status (for example, in the G20) or observer status (for example, at the IMF).
ECB ima v vseh pomembnih institucijah in forumih bodisi status članice (na primer pri G20) ali opazovalke (na primer pri MDS).
The ECB assesses international developments with a view to contributing to a stable macroeconomic environment and sound macroeconomic and financial policies.
ECB ocenjuje mednarodna gibanja z namenom, da bi prispevala k stabilnemu makroekonomskemu okolju ter vzdržni makroekonomski in finančni politiki.
On various occasions, the Eurosystem continued to stress the risks and distortions related to the persistence of such imbalances.
Eurosistem je ob različnih priložnostih še naprej izpostavljal tveganja in izkrivljanja, povezana z vztrajnostjo takšnih neravnovesij.
It also confirmed its full support for a cooperative approach on this issue, whereby all affected economies implement the necessary policies to ensure an orderly adjustment of global imbalances.
Potrdil je tudi svojo polno podporo reševanju teh vprašanj na podlagi sodelovanja, kjer naj vse prizadete države izvajajo potrebne politike za zagotovitev obvladljive prilagoditve svetovnih neravnovesij.
A progressive and orderly adjustment of the imbalances would support and strengthen the prospects for global growth and stability.
Postopna in obvladljiva prilagoditev neravnovesij bi ohranila in okrepila možnosti za svetovno rast in stabilnost.
The international policy agenda includes policies aimed at increasing private and public savings in countries with current account deficits, urges implementation of further structural reforms in mature economies with relatively low potential growth, and stresses the need for an increase in domestic demand as well as for an improved capital allocation in emerging market economies.
Program mednarodne ekonomske politike vključuje politike za povečanje zasebnega in javnega varčevanja v državah s primanjkljajem tekočega računa, poziva k izvajanju nadaljnjih strukturnih reform v razvitih gospodarstvih z razmeroma nizko potencialno rastjo ter poudarja potrebo po povečanju domačega povpraševanja in boljši razporeditvi kapitala v nastajajočih tržnih gospodarstvih.
Since exchange rates should reflect economic fundamentals, exchange rate flexibility in major countries and regions that lack such flexibility remains a priority.
Ker naj bi bili menjalni tečaji odraz gospodarskih temeljev, ostaja prožnost tečajev prednostna naloga v pomembnejših državah in regijah, kjer te prožnosti ni.
In China, the move towards greater flexibility is desirable, and in view of its rising current account surplus and domestic inflation, there is still a need to allow for an accelerated appreciation of its effective exchange rate.
Premik k večji prožnosti je zaželen na Kitajskem, ob rasti njenega presežka tekočega računa in domače infl acije pa je še naprej potrebna hitrejša apreciacija efektivnega tečaja.
Overall, several developments and policy measures went in the right direction in 2007, but further adjustments are still needed if global imbalances are to be significantly reduced.
Na splošno so se dogajanja in ukrepi politike leta 2007 gibali v pravo smer, vendar so za občutno zmanjšanje svetovnih neravnovesij potrebne nadaljnje prilagoditve.
Global credit market conditions deteriorated in the second half of 2007, as a repricing of credit risk related to strains in the US subprime mortgage market led to a spike in
Razmere na svetovnih kreditnih trgih so se v drugi polovici leta 2007 poslabšale, saj je prevrednotenje kreditnega tveganja, povezano s trgom drugorazrednih hipotekarnih posojil v ZDA, povzročile vzpon donosov in motnje likvidnosti v segmentih medbančnega trga.
2007 estimates in this section are based on the projections contained in the IMF’s September 2007 “World Economic Outlook”.
Ocene za leto 2007 v tem razdelku temeljijo na napovedih iz publikacija MDS „World Economic Outlook” september 2007.
States, the current account deficit declined slightly to 5.7% of GDP, from 6.2% in 2006, mainly reflecting a more balanced pattern of global demand growth and favourable exchange rate developments.
2V ZDA se je primanjkljaj tekočega računa nekoliko znižal s 6,2% BDP v letu 2006 na 5,7% BDP, predvsem zaradi bolj uravnotežene rasti svetovnega povpraševanja in ugodnih gibanj menjalnih tečajev.
At the same time, the adjustments in the United States were not directly reflected in the current account positions of Asian economies, which continued to enjoy substantial surpluses, reaching around 6.1% of GDP on average compared with 5.3% in 2006.
Hkrati pa se prilagoditev v ZDA ni neposredno odražala v stanju tekočega računa azijskih gospodarstev, ki so še naprej imela precejšnji presežek (v povprečju 6,1% BDP v primerjavi s 5,3% leta 2006).
In particular, current account surpluses widened to 11.7% in China and to 4.5% in Japan.
Presežek tekočega računa se je posebno povečal na Kitajskem (na 11,7%) in na Japonskem (na 4,5%).
However, the oil-exporting economies – also a major counterpart of the US current account deficit – reduced their current account surpluses to 11.9% of GDP, from 16.1% in 2006.
Vendar pa so države izvoznice nafte – tudi ena od glavnih protipostavk primanjkljaja tekočega računa ZDA – znižale svoj presežek tekočega računa s 16,1% BDP v letu 2006 na 11,9%.
Some Asian and oil-exporting economies continued to
Akumulacija rezerv je bila posebno velika na Kitajskem, kjer so devizne rezerve krepko pre-
monitoring and contributing to the discussions on these issues as appropriate.
strani pa so se finančni pretresi pojavljali na trgih z inovativnimi kreditnimi instrumenti, ki so v nastajajočih gospodarstvih manj razširjeni kot v razvitih gospodarstvih z razvitim fi nanč-nim sistemom.
yields and disruptions to liquidity conditions in segments of the interbank market.
večjo pozornost čezmejnim učinkom.
While emerging economies were also affected by these developments, the impact there was far less severe than in previous episodes of global financial turbulence.
Zunanja stabilnost je opredeljena z menjalnim tečajem, zato je analiza tečaja ključna sestavina procesa spremljanja.
This resilience partly reflects the improved policy frameworks in these countries, although an additional explanation is that the financial turbulence was rooted in markets for innovative credit instruments that are less widespread in emerging economies than in mature economies with developed fi financial systems.
Zaradi skupne valute euroobmočja je treba zunanjo stabilnost euroobmočja ocenjevati na ravni celotnega euroobmočja, medtem ko ostaja dvostransko spremljanje držav, ki se osredotoča na nacionalne politike posameznih držav članic, pomembno tudi v tem okviru. Trenutno potekajo prizadevanja za zagotovitev učinkovitega izvajanja novega sklepa ob upoštevanju tehničnih in konceptualnih težav.
One of the main recent achievements of the IMF has been an improvement in surveillance.
V okviru dejavnosti spremljanja mednarodne politike je v pregled vključeno tudi euroobmočje.