Traduction de «propension moyenne à épargner » (Français → Anglais) :

The burden of bad debt weighs on households with no propensity to save, which service the debt without any return.

The Savings Directive is a specific application of the principles laid down in the current Mutual Assistance Directive but, contrary to the latter, the Savings Tax Directive ensures, with some temporary derogation over a transitional period, that Member States automatically exchange information held by banks.

17. Restates that safeguarding the savings of, and credit provision for, individuals and undertakings, including small and medium-sized enterprises (SMEs), is the overriding justification for the current exceptional public intervention in the financial system; reminds Member State governments of their responsibility for and accountability to their parliaments in the use of public money in rescue plans and strongly recommends that a set of adequate surveillance and, as necessary, sanctions, be introduced and coordinated at EU level to ensure the achievement of such goals;

We proposed that a European Institute of Technology should be created, that greater priority should be given to improving the regulations, particularly in favour of small and medium-sized enterprises, that there should be a greater emphasis on re-examining existing proposals, that the rules on State aid and taxation should be used in a way that would encourage the spirit of enterprise, innovation and research, that employment market reforms should concentrate on measures to help women, young people and older workers to find and keep jobs, and that a European Pact for Youth should be concluded.

The European economy, unlike that of the United States, is free of trade imbalances and Europeans still have a very strong tendency to save.

The efforts to curb harmful tax competition through the Code of Conduct for business taxation and the proposals on the taxation of income from savings will allow Member States to consolidate their tax revenue raising capacities, thus offering scope for reducing the high average tax burden on labour.