Translation of "Coût implicite " (French → English) :

94. Notes that in recent years various ways of intergenerational accounting, projecting the development of public debt in the next decades and the implicit costs to future generations, have been used which highlight sustainability gap indicators, for example the required primary balance, which represents the structural budget balance needed to ensure the sustainability of public finances;

94. Notes that in recent years various ways of intergenerational accounting, projecting the development of public debt in the next decades and the implicit costs to future generations, have been used which highlight sustainability gap indicators, for example the required primary balance, which represents the structural budget balance needed to ensure the sustainability of public finances;

94. Notes that in recent years various ways of intergenerational accounting, projecting the development of public debt in the next decades and the implicit costs to future generations, have been used which highlight sustainability gap indicators, for example the required primary balance, which represents the structural budget balance needed to ensure the sustainability of public finances;

3. Notes that in recent years various ways of intergenerational accounting, projecting the development of public debt in the next decades and the implicit costs to future generations have been used which highlight sustainability gap indicators, for example the required primary balance, which represents the structural budget balance needed to ensure the sustainability of public finances;

5. Insists that the Commission’s impact assessment include assessments of the HLEG, Volker, Vickers, French and German proposals for structural reform, that it list the costs, both to public finances and to financial stability, incurred by the failure of an EU-based bank during the current crisis, as well as the potential costs to the EU banking sector and the possible positive and negative consequences for the real economy, and that it provides information on the nature of the EU’s current universal banking model, including the size and balance sheets of the retail and investment activities of relevant universal banks operating in the EU and on possible implicit guarantee ...[+++]s provided by Member States to banks; insists that the Commission should supplement its assessment with quantitative analysis where possible, taking into account the diversity of national banking systems.

Speed, likelihood of execution and settlement, the size and nature of the order, market impact and any other implicit transaction costs may be given precedence over the immediate price and cost consideration only insofar as they are instrumental in delivering the best possible result in terms of the total consideration to the retail client.