Traduction de «Monnaie de poids excédentaire » (Français → Anglais) :

15. Calls on the Council to reject the Commission’s legislative proposals on the correction of macro-economic imbalances, as by systematically linking ‘imbalances’ with ‘competitiveness’, the whole focus of adjustment is being put on ‘external deficit’ countries only; highlights that high inequalities (and in particular the rising share of profits and the falling share of labour) produce excess savings and that the strategy of countries abusing the single currency by building ‘surpluses’ through wage moderation coming at the expense of other member states is not being mentioned at all as a problem - instead surplus countries are asked t ...[+++]o further deregulate their services sectors;

39. Takes the view that the EMU policy agenda will be marked inter alia by the challenges posed by emerging Asian economies; regrets the lack of progress in improving external representation of the euro area despite the euro's growing global role as a reserve currency; stresses that the euro area must build an international strategy commensurate with the international status of its currency;

39. Takes the view that the EMU policy agenda will be marked inter alia by the challenges posed by emerging Asian economies; regrets the lack of progress in improving external representation of the euro area despite the euro's growing global role as a reserve currency; stresses that the euro area must build an international strategy commensurate with the international status of its currency;

From the attached chart it is clear that, since the last revision of the ecu basket on 21.09.89, the weight of the stronger currencies within the basket has increased over time, from 70.8% to 74.66%, at the expense of weaker ones, whose weight has decreased accordingly from 29.2% to 25.34%.

Thus, as the value of any component currency fluctuates on the foreign exchange markets, in response to prevailing supply and demand conditions, so its weight in percentage terms, and by consequence the weight in percentage terms of the other currencies, within the basket will change accordingly.

Experts from the South African and Birmingham mints have estimated that there is currently a 30% to 40% oversupply in the world coin blank market. They have predicted a reduction in demand in the near future.