Translation of "Support céramique de résistance " (French → English) :

(4) The increasing number of cross-border settlements as a consequence of the development of link agreements between CSDs calls into question the resilience, in the absence of common prudential rules, of CSDs when importing the risks encountered by CSDs from other Member States.

38. Welcomes the creation of a single supervisory mechanism covering the euro area and open to all other EU Member States; stresses that establishing a single resolution mechanism for banks is an indispensable step in setting up a genuine banking union; considers that, to overcome the structural deficiencies inherent in the economic and monetary union and to effectively curb the pervasive moral hazard, the proposed ‘banking union’ should draw on the earlier reform of the Union financial services sector, as well as the strengthened economic governance, especially in the euro area, and the new budgetary framework of the European Semester, to ensure greater resilience and compe ...[+++]titiveness of the Union banking sector, increased confidence in it, and enhanced capital reserves to prevent Member States’ public budgets having to bear the costs of banks’ bail-outs in the future;

End couplings shall be resilient and capable of withstanding the forces in accordance with the defined design operating state of the unit.

The fact that resistance may spread from country to country when people and animals travel or when food, feed and other possible vehicles of AMR are traded, stresses the need for coordinated efforts across borders.

The new world order does not permit national resistance.

The new world order does not permit national resistance.