Examples of using Speculative attacks in English and their translations into Czech
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Official
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Colloquial
At this moment in time, speculative attacks on the euro could have disastrous consequences.
I therefore think that a permanent mechanism is required to protect the euro area against speculative attacks.
Policy also has to think about how to discourage speculative attacks against the currencies of new Member States.
It is both possible anddesirable to find a European solution in order to avoid these constant speculative attacks on the euro.
It is true that probably there were also speculative attacks, but that is because they saw an opportunity there.
Some states base their hopes for currency stabilisation on this measure,fearing a repetition of the recent speculative attacks on their currencies.
FR Mr President,in the face of crazy rumours and speculative attacks against a number of Member States, let me remind you of a few facts.
Many Member States would now be facing great volatility in their exchange rates and,possibly, might even be suffering speculative attacks on their currencies.
I repeat: the only effective way of ending the speculative attacks against the euro and of strengthening the fundamentals of the European economy is to restore order to our public finances.
Creating a single currency was not an easy process andthere were great speculative attacks on very important European currencies.
This mechanism allows the European Union to devise the first Eurobonds, which are designed to finance sovereign debt at low interest rates in the event of speculative attacks.
Countries such as Greece face problems with public borrowing due to both speculative attacks by the markets and the institutional and political problems of EMU.
A permanent mechanism enshrined in the Treaty will act as a solid guarantee in the event of similar problems in the future,thus also reducing the risk of speculative attacks on the European currency.
These include creating a permanent mechanism for protecting the euro area against speculative attacks, monitoring the activities of current credit rating agencies and devising a possible European credit rating agency.
In this text, the right goes as far as rejecting the creation of a Europeanpublic credit rating agency, while the private agencies are beating the drum and leading speculative attacks against the States in the euro area.
In addition to this, the recent speculative attacks against certain Member States have made it difficult for the latter to borrow money on the international financial markets, thereby virtually affecting the stability of the whole euro area.
We are in need of specific investment to tackle energy efficiency in our cities,in particular in the countries being subjected to the most serious speculative attacks and, above all, in the countries with the highest levels of unemployment.
The speculative attacks which, so far, have been directed mainly at Greece- but which also resulted in Portugal's credit rating being downgraded just the other day and which have already been directed at other countries, such as Italy and Spain, and no one knows what the consequences will be- have made that much clear.
However, at this time of crisis,for these countries to preserve this strict exchange rate results in a socially dramatic devaluation of people's incomes and in speculative attacks on the foreign currency reserves of those countries' central banks.
In writing.- The reason we finally voted against the text was that the more specific proposals to shelter Latin America from speculative attacks and climate change phenomena, discourage aggressive export orientation, avoid environmental dumping and hedge the liberalisation of financial services, got diluted in the process of building compromises, as counterweights to stop even more grotesque Spanish wordings.
Are you therefore in a position to tell me what specific measures can be taken to protect the economies of the Member States of the European Union from speculative attacks by high-risk mutual funds, including funds domiciled in the European Union?
(FR) Mr President, ladies and gentlemen, the European Council, which opens this week,is taking place in a particular context: speculative attacks against the euro, the revival of euroscepticism and the beginning of reflections on Europe's finances, while this Parliament is preparing to vote on the 2011 budget.
The lack of liquidity and crisis of confidence that accompanied the international financial crisis has, however,greatly shaken the finances of those States that rely on foreign credit, and the speculative attacks on national currencies further contributed to this turbulence.
EL Mr President, it is clear from the Council conclusions and from the debate which followed in Parliament in Brussels and from the stand subsequently taken by the competent Commissioner and the heads of several Member States that, in times of crisis and when certain Member States are facing serious economic problems, we need, among other things, and within the framework of existing monetary union, European solidarity andnew policies to address speculative attacks against certain Member States.
I think this move clearly proves that there is a conflict of interests, given that it is not simply undermining Greece's efforts at financial restructuring;it is also fuelling continuing speculative attacks by the markets on the Greek economy and on the euro area as a whole.
In order to do so, we need to promote the food sovereignty of these countries by supporting traditional agricultural policies, local resources, local crops and local markets,and preventing speculative attacks, land capture and seed monopolies, which threaten all of us, especially these weak countries.
The speculative attack on the euro has been deflected for the time being.
Eurobonds will not only stabilise the level of the euro,they will also immediately counter the speculative attack.
We are witnessing an unprecedented speculative attack which- I am sorry to say- has lately taken the form of slander of the worst form by some of the media.
It proves that if we had a strong budget,there would not have been a speculative attack on the sovereign debts of Greece or Portugal.