Traduction de «Zone de volume comportant un taux élevé de défauts » (Français → Anglais) :

13. Stresses that the recent events involving sovereign credit default swaps used by financial speculators and leading to unjustified high levels of several national spreads, have been an urgent reminder of the fact that deficiencies and instabilities in the financial regulatory and supervisory framework have direct negative spill over effects on national economies’ sustainability and on the euro area’s stability; strongly supports the urgent adoption of an enhanced and ambitious European financial supervisory framework providing an adequate regulation and supervision of every financial product, transaction and institution in the EU; u ...[+++]nderlines that the need for market transparency and enhanced European regulation is a matter not only of efficient market surveillance but also of European sovereignty;

These differences also suggest a number of lessons: (i) differences between Member States indicate that countries which have made most progress in structural reforms while pursuing sound macroeconomic policies, have been able to improve their employment situation; (ii) differences in regional unemployment in several countries highlight the need in these countries to account for productivity differences according to qualification, skills and geographical areas in collective bargaining and the need to enhance labour mobility; and (iii) the particularly high incidence of unemployment among certain categories of labour (low skilled, women, youth) mainly reflects labour supply behaviour and recruitment patterns, including de facto discriminati ...[+++]on, but also the high costs of some of these labour categories (in particular unskilled workers) and the inadequacy of skills.

If the programme introduced under the Law does comprise state aid, the aid rate (up to 55.5% on average) seems too high in relation to the intensity rate which the Commission normally accepts for the purchase of normal arable land (i.e. not in a less-favoured area).