Exemplos de uso de Corrective arm em Inglês e suas traduções para o Português
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The MIP has a preventive and a corrective arm.
The main purpose of the corrective arm is to ensure the prompt correction of excessive deficits.
Positive experience, notably concerning the corrective arm of the SGP.
In more serious cases, the corrective arm applies and triggers an Excessive Imbalance Procedure.
This will bethe case for all Member States, whether in the preventive or corrective arm of the Pact.
As regards the corrective arm of the Pact, the mechanisms in place must remain strong and credible in all respects.
We aim to reinforce the preventive and corrective arm of the Stability and Growth Pact.
ACRs are a regular tool introduced in the Two-Pack regulation as an early alert to euro area Member States in the corrective arm.
First, we must reinforce both the preventive and corrective arms of the Stability and Growth Pact.
The Pact takes into account unusually negative economic conditions at the EU oreuro area level both in the preventive arm and in the corrective arm.
There are now only six EU Member States in the corrective arm of the Stability and Growth Pact, down from 24 Member States in 2011.
Last week's communication on reinforcing economic policy coordination focuses on making the pact more rigorous with regard to both its preventive and corrective arm.
Spain has also been in the corrective arm of the Pact since 2009 and was recommended to correct its excessive deficit by 2016.
This means that for the first time since 2002 not a single euro-area Member State is subject to the close surveillance of its public finances provided for in the'corrective arm' of the Stability and Growth Pact.
Finally, while the corrective arm of the Stability and Growth Pact has delivered the expected results, the picture is more mixed regarding the preventative arm. .
We believe that this should be accompanied by a strengthening of the preventive and corrective arm of the Stability and Growth Pact and measures relating to medium- and long-term competitiveness.
The main modifications to the corrective arm of the Pact concern the definition of“excessive deficits” and the modalities for their correction, which now permit a more comprehensive economic assessment of budgetary developments in the implementation of the EDP.
You have got reverse qualified majority voting in a number of important cases- to improve the automaticity of decision-making- as the rule in the corrective arm of the Pact, where 24 Member States out of 27 now find themselves unfortunately.
It is important to remember that any weakening of the corrective arm of the SGP would render what was once a powerful mechanism for growth a casualty of flawed political judgement.
At the same time, it is not in favour of making changes to the text of the Treaty or of the regulations which form the basis of the Pact, andwe insist on the importance of preserving the full integrity of the nominal anchor of 3% in the corrective arm of the Pact.
The excessive deficit procedure, representing the corrective arm of the Stability and Growth Pact, is regulated by Article 126 of the Treaty and is further clarified in Council Regulation(EC) No 1467/97.
Based on the findings of the in-depth reviews and on a proposal for recommendations from the Commission,the Council may address recommendations to relevant Member States under the preventive or corrective arms of the procedure.
For countries which are in the corrective arm and thus subject to the Excessive Deficit Procedure, the Commission has developed a new approach to assessing the delivery of the required structural fiscal effort, which the.
This applies to different degrees both, to Member States respecting the Treaty's 3% of GDP deficit and 60% of GDP debtreference values(preventive arm of the Pact), and to those that do not corrective arm of the Pact, in other words countries subject to an Excessive Deficit Procedure.
While the EDP corresponds to the"corrective arm" of the SGP, it is complemented by a"preventive arm"(defined in Regulation(EC) 1466/97), which comprises procedures to promote surveillance and coordination of economic policies and ensure progress towards fiscal sustainability.
That is true above all where the deficit is concerned. Its level of 2.5 in2005 decreased to 1.6 in 2006, which clearly proves that the corrective arm of the reformed Stability and Growth Pact has proven itself, and this, despite all the generally poor warnings that were given to us when we amended the Pact.
With regard to the‘corrective arm', a new definition of‘exceptional circumstances' and‘other relevant factors' was introduced in the assessment of possible excessive deficit situations, and the deadlines to be met in the different phases of the excessive deficit procedure were subject to changes.
This is why the Eurosystem has always argued so firmly in favour of the correct implementation of the Stability and Growth Pact, andhas consistently emphasised the need to fully preserve the integrity of the corrective arm of the Pact, in particular the nominal anchor of 3% of GDP as the limit for fiscal deficits, as well as of the excessive deficit procedure itself.
Proposals regarding the corrective arm included modifying the definition of the exceptional circumstances under which a deficit ratio above the reference value of 3% of GDP is not excessive, changing the adjustment path for the correction of an excessive deficit and clarifying the debt criterion.
To strengthen the corrective arm of the SGP, the ECB also considers warranted a closer follow-up of the adequacy of corrective measures- if the timely correction of the excessive deficit seems in doubt- through stronger use of peer pressure in the Eurogroup, the Council and, ultimately, the European Council, as well as a greater use of(reputational) sanctions(3).