Examples of using Devaluations in English and their translations into German
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Political
Premuda will record total devaluations of ships for19,9 million dollars.
A gradual change would protect car owners from dramatic devaluations of their cars.
No, in the short term, these devaluations are not catastrophic for Central Europe.
Devaluations of 7% of the company value owing to cyber attacks, as was the case with Verizon's acquisition of Yahoo!,!
TOKYO- The risk of globalcurrency and trade wars is rising, with most economies now engaged in competitive devaluations.
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Following two devaluations in 1994, the foreign exchange allocation system has been substantially liberalised.
The second is to prevent a monetary storm from brewing as a result of the failure to rebalance exchange rates andthe pursuit of competitive devaluations.
Since 1993, competitive devaluations have caused numerous jobs in the European Union to be put at risk, and even lost.
The results of exercise 2011 of single Premuda Spa clearly anticipate a profit of 8,3million euros(after amortizations for 12,7 million and devaluations for 3,0 million);
This assumes no further devaluations of non-EMS currencies, and more especially that the dollar remains at ECU 0.79.
We have heard it affirmed once again during this debatethat the euro is the right response to competitive devaluations within the Union.
While revaluation results in Germany and Austria were positive, devaluations were necessary in Central and Southeastern Europe, above all on office properties in Budapest.
The costs that must be taken into consideration are those associated with differences in the competitiveness of countries, loss of sovereignty in macroeconomic policy, the exchange rate,and competitive devaluations, etc.
This is a slipperypath that can lead to a series of competitive devaluations as countries intervene to push down the value of their currencies to secure an advantage over their rivals.
Having already been subjected to pressure in the first half-year as the result of the currency situation, it was placed under further strain towards the end of the year due to lower business volumes andmarket-related devaluations in terms of copper stocks.
This follows an obvious"psycho-logic:" if, in addition to the constant internal devaluations, there had been further devaluations from the outside in the form of rejection, it would have been a far too heavy load to bear.
Regarding the argument advanced by the hard-currency countries, our calculations have certainly shown that cases of over-compensation have occurred in hard-currency countries, too,not just in countries that have seen devaluations in recent years.
Due to partially drastic currency devaluations in the market regions of South America, Middle East, Africa, and Russia, net sales of BG SAMEA- consolidated in Swiss francs- decreased by 18.0% to 60.4 million CHF prior year period 73.7 million CHF.
The advent of the euro will be a factor for monetary stability andwill contribute to preventing competitive devaluations, thus to limiting certain relocations within the Union.
Only those countries whose currencies have experienced major devaluations are having to contend either with a temporary spurt in inflation or with a slowdown in the pace of the reductions in inflation in Italy, for example, the inflation rate is now 5.6%, as against 4.8% last year.
But the new agrimonetary system is still open-ended in that compensation will be paid for revaluations butno action will be taken for devaluations, even though the income of the farmers concerned will temporarily have improved.
Moreover Saipem has announced to have clearlyestimated the active mail budgetary carrying out devaluations for 929 million euros on the capital of vital exercise and the immobilized ones, with effects on the results and the guidance for the entire year.
A rapid and marked appreciation of the euro, encouraged by an excessively high ECB reference rate andcombined with monetary policies which are essentially similar to competitive devaluations in other parts of the world, represents a threat to EU prosperity.
By allowing for exchange-rate flexibility, this approach would also enable the central bank to avoid the twin hazards that arise in a currency union: undervaluation, which produces inflationary pressure, and overvaluation,which demands wrenching internal devaluations driving down real wages.
The Commission now realizes, as we all know from the newspapers, that European companies have lost international contracts ortenders because obviously those devaluations, that excess capacity, and perhaps that indirect aid being diverted from the IMF aid, are having an effect.
It is true that the Euro is suffering from a monolithic conception which can only be suitable for a real political union, owning a mechanism of internal solidarity and allowing transfers from the most productive regions to the least productive ones;which is the only way to replace adjustments obtained by devaluations when the currencies were still national.
What we should be doing, what Mr Van Rompuy should be doing in order to give real leadership, is to be introducing a plan B and to allow these countries to go back to their own currency,to have competitive devaluations and to have a chance, because what we are doing with this policy is killing them off.
As central banks attempt to combat these pressures by lowering interest rates, they are inadvertently causing releveraging(an unsustainable growth pattern),elevated asset prices(with some risk of a downward correction, given slow growth), and devaluations which merely move demand around the global economy, without increasing it.
Since 1991 there has been a drop in the volume issued as a result of political events, particularly the Danish"no" in the May 1992 referendum and the closerun"yes" in the French referendum, or of monetary events such as the withdrawal of thepound sterling from the exchange rate mechanism and the devaluations of the peseta and the escudo, or again the widening of the bands in the system last August.
The global financial market turmoil and a weakening of the US dollar is affecting Europe, including through a significant appreciation of the euro due to the ECB maintaining its reference rate at an excessively high level andmonetary policies which are essentially similar to competitive devaluations in other parts of the world, which will bear damaging consequences for the EU economy and its medium term prospects.