Exemple de utilizare a Macro-economic adjustment în Engleză și traducerile lor în Română
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Throughout the crisis,Latvia has successfully managed a difficult macro-economic adjustment process.
The mechanism will have three main components: a macro-economic adjustment programme, a financing arrangement, and private sector involvement.
The Commission will propose to the Council a decision endorsing the macro-economic adjustment programme.
According to the Council's conclusions, this is'strict policy conditionality under a macro-economic adjustment programme', a process that will be developed and implemented jointly by the European Commission, the European Central Bank and the International Monetary Fund.
Assistance will be on the basis of strict policy conditionality and tied to a macro-economic adjustment programme.
The experience of countries under macro-economic adjustment programmes, thus outside the formal procedures of the European Semester, provides an extreme yet significant test case: the Commission and many Member States have had to deploy important resources, including on the ground, to provide direct and concrete support to these Member States, through policy advice and technical assistance at administrative level.
To date, six countries have requested financial assistance under these mechanisms andhave agreed with the Commission a macro-economic adjustment programme.
However, it may intervene, as an exception,in debt primary markets on the basis of a macro-economic adjustment programme with strict conditionality and if agreed by the Board of Governors by mutual agreement.
In such cases, the Commission can propose that the Council of Ministers recommend to the Member State concerned to adopt corrective measures orput together a draft macro-economic adjustment programme.
Concrete examples of measures targeting the banking sector taken in the framework of the macro-economic adjustment programmes or balance of payments assistance programmes.
To date, six countries- including Greece which has received financial assistance outside the EFSM- have requested financial assistance under these mechanisms andhave agreed with the Commission a macro-economic adjustment programme.
Europe needs to step up coordination of reform andeconomic policies to ensure that macro-economic adjustment, fiscal consolidation and policy reforms go together.
In concrete terms, this would correspond in 2014 to around €500m with about €400m for Greece,€100m for Portugal and €20m for Cyprus(these three countries are expected to receive financial assistance under a macro-economic adjustment programme in 2014).
The strict conditionality to which any support must be subject may take the form,notably, of a macro-economic adjustment programme or the obligation continuously to respect pre‑established eligibility conditions.
If indispensable to safeguard the stability of the euro area as a whole, in line with the amendment to Article136 of the Treaty, the ESM will provide financial assistance subject to strict conditionality under a macro-economic adjustment programme, commensurate with the severity of the imbalances of the Member State.
The first will broaden, strengthen and deepen country-specific policy recommendations for countries under a macro-economic adjustment programme, non-compliance with which will result in a suspension of payments from the European Structural and Social Funds.
On the basis of this assessment, the Board of Governors will mandate the Commission to negotiate, together with the IMF andin liaison with the ECB, a macro-economic adjustment programme with the Member State concerned, detailed in a MoU.
By a statement of 27 June 2012, the Eurogroup indicated that the financial assistance requested would be provided by the EFSF orthe ESM in the framework of a macro-economic adjustment programme to be set out in the form of a memorandum of understanding which would be negotiated by the Commission, together with the ECB and the IMF, on the one hand, and by the Cypriot authorities, on the other.
Under the secondsentence of Article 12(1) of the ESM Treaty the conditionality referred to in the first sentence of Article 3 of the ESM Treaty may‘range from a macro-economic adjustment programme to continuous respect of pre‑established eligibility conditions'.
Access to such channels should be conditional upon requesting Member States agreeing to graduated macro-economic adjustment programmes, on which there should be prior consultation of the Commission and the ECB.
Admittedly, it is not immediately obvious from that wording what content,other than a macro-economic adjustment programme, the conditions could have.