Translation of "Long put option " (English → French) :

32. Calls on the Commission to propose a long-term governance and financing plan based on the examination of all possible options and to establish an operational organisation securing the proper management and the provision of data from the services in order to perpetuate the current success of the programme and to achieve its objective of being fully operational as from 2014; takes the view that this should be coupled with a common European data policy to ensure open access and availability of existing data; believes it is important to establish the agreements to be put in place with national agencies in order to maximise the interope ...[+++]rability, continuity and governance of the system; considers it necessary to ensure that distinctions are made on the one hand between scientific use and commercial use and on the other between the ESA's development activities and the deployment, operations and systems development activities which require European structures and specific competences;

RECOGNISES the importance of public finance in supporting climate-related investments in developing countries, including adaptation measures in the most vulnerable and least developed countries; EMPHASISES the importance for accomplishing progress in the identification of sources of long-term finance. RECALLS the need to mobilize stable, predictable and additional revenues without putting fiscal consolidation and sustainability at risk, and STRESSES that it will be up to each Member State to determine the use of such public revenues in accordance with EU and national budget rules and in consistency with sound and sustainable public finances policy framework; In this context LOOKS FORWARD to the publication of the Final Report prepared for ...[+++] the G20 Finance Ministers meeting on Climate Finance Sources; RECOGNIZES the importance of this work aimed at progressing towards the implementation of options for expanding the flow of climate change finance to developing countries in pragmatic and cost-effective ways, and highlighting the important role that Multilateral Development Banks can play in leveraging greater private finance for climate change. INVITES the COP Presidency to seek agreement on a process to address conclusions and recommendations in an open and transparent manner to secure progress at COP17.

5. Considers that, in view of the changes in national social security systems and labour law, the interpretation of the Commission's flexicurity options is too one-sided, since it takes no account of the costs the measures involve; calls, therefore, calls on the Commission to carry out a cost-benefit analysis on those options; recalls that a flexicurity concept can be put into practice only in the long term;

5. Considers that, in view of the changes in national social security systems and labour law, the interpretation of the Commission's flexicurity options is too one-sided, since it takes no account of the costs the measures involve; calls, therefore, calls on the Commission to carry out a cost-benefit analysis on those options; recalls that a flexicurity concept can be put into practice only in the long term;

4. Realises that, in view of the changes in national social security systems and labour law , the Commission’s flexicurity options are too one-sidedly interpreted, since they take no account of the costs these measures involve; calls therefore for the Commission to carry out a cost-benefit analysis on these options; recalls that a flexicurity concept can be put into practice only in the long term;

My own feeling is that it takes a long, long time before a judge actually exercises the option of putting a young person in jail.