Examples of using Automatic stabilisers in English and their translations into Czech
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Official
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Colloquial
Automatic stabilisers can, to some extent, play a positive role.
Please, Commissioner, do not tell me one more time that youhave made a financial stimulus of 4%, including automatic stabilisers.
When you talk about automatic stabilisers, it is already in the prognosis.
During the financial crisis I often heard both the Commission President andthe President of the European Council talk in praising terms of automatic stabilisers.
This triggered what economists call the automatic stabilisers, which is the social protection provided for in welfare states.
The overall stimulus this offers represents, as was agreed, 1.5% of GDP,but, if you include its automatic stabilisers, it comes to 3.3% of the EU's GDP.
We can allow the automatic stabilisers to stop working in most of our economies now that there is less growth because of the volatile pressures in the financial markets or the sharp slow-down in the United States.
The budgetary stimulus given to the European economy,if we include the automatic stabilisers in this, is now approaching 4% of European GDP.
Given that its automatic stabilisers are not as extensive as ours in Europe, the total sum of direct stimuli plus automatic stabilisers means that similar support is being given on both sides of the Atlantic.
The European Union is already doing a lot on this front: our overall fiscal effort,combining discretionary action and automatic stabilisers, is close to 4% of GDP.
The Commission believes that, in addition to acting as automatic stabilisers, minimum income schemes can play an important role in protecting the most vulnerable from the worst effects of the crisis by providing safety nets.
Among other things, it should also be pointed out that it was obviously high unemployment that triggered the'automatic stabilisers', which resulted in unemployment aid and subsidies.
These policies entail using automatic stabilisers, in other words, in earmarking surpluses from the primary budget for debt repayment at the top of the cycle, and in allowing Member States to borrow the resources necessary for stimulus packages at the bottom of the cycle.
Some others suggested a fiscal stimulus of 1%, andthe European Commission came immediately to the proposal of 1.5%, and in fact the automatic stabilisers were around 5.
This EUR 400 billion amounts to 3.3% of EU GDP andrepresents an unprecedented step and together with the automatic stabilisers which the EU has and the US, for example, does not have, I believe that the example quoted today by José Manuel Barroso is highly informative.
Firstly, in budgetary policy, we must preserve our commitment to fiscal discipline and the rules of the Stability andGrowth Pact while letting the automatic stabilisers play their role.
Achieving sound and sustainable budgetary positions andon this basis allowing the free operation of automatic stabilisers is the best contribution we trust fiscal policy can make to macroeconomic stability.
FR Mr President, I wanted to say to Mr Daul, but he has left, that today it is astonishing to see the Conservatives accusing we Socialists of wanting to increase social spending,when their main argument for rejecting the recovery plans is that Europe has the famous automatic stabilisers.
The euro has done its job as a monetary shield;there will never be enough words to say how much we owe it: the automatic stabilisers, those famous solidarity mechanisms, which are too.
Based on the most recent information available,these discretionary fiscal stimuli, together with the action of the automatic stabilisers, which are very important in the European countries due to the weight of our taxes and social welfare system, are predicted to add, as a contribution to total demand, the equivalent of 5.5% of EU GDP between 2009 and 2010.
A worker dismissed from Saab in Sweden enjoys social standards that are completely different to those of a worker dismissed from General Motors somewhere in Chicago andthe governments in these two cases have completely different approaches, as the automatic stabilisers multiply the EUR 400 billion to something substantially higher and give us an undisputed advantage over the US in this regard.
The Ministers, together with the Commission andthe President of the European Central Bank, decided to leave the automatic stabilisers to operate freely as regards budgetary matters in those Member States with room for manoeuvre.
But it must also be said that we cannot ignore the fact that the budgetary deterioration in 2009 was largely due to the working of the automatic stabilisers in the face of an unprecedented decline in economic activity caused by a financial crisis not originating in Europe.