Traduction de «zone euro jusqu » (Français → Anglais) :

euro area [ Euroland | eurozone ]

Euro Area Summit | Euro Summit

Permanent Study Group on Economic and Fiscal Governance of the Euro Area | Permanent Study Group on Economic Policy Coordination

Euro-Atlantic Area Community (1) | Euro-Atlantic area (2)

euro zone [ euro area | euro land | euro bloc ]

euro area | euro zone | single currency area

euro area | euro zone | single currency area

The Governing Council also decided that, in order to enhance the flexibility of the PSPP and thereby support the continued smooth implementation of purchases at least until its intentional end date, euro-denominated marketable debt instruments issued by regional and local governments located in the euro area will be eligible for regular purchases under the PSPP by the national central banks of the jurisdiction in which the issuing entity is located.

whereas the EU budget already provides guarantees for medium-term balance of payments financial assistance to non-eurozone Member States, for up to EUR 50 billion, as well as guarantees for the European Financial Stabilisation Mechanism (EFSM) for up to EUR 60 billion (total outstanding amount of loans);

Correct gross policy errors || Sets limits: - Deficit of 3% of GDP - Debt of 60% of GDP or sufficiently diminishing Definition of sufficiently diminishing = respect of debt reduction benchmark Debt reduction benchmark = reduction of 5% per year on average over 3 years of the gap to 60% taking the cycle into account or respect in the next two years (Transition period for MS in EDP at entry into force (Dec 2011) for three years after the correction of the excessive deficit.) || Minimum annual improvement of at least 0.5% of GDP as a benchmark in structural terms Possible extension of deadline: - If effective action has been taken and unexpected adverse economic events with major unfavourable consequences for government finances - In case of s ...[+++]evere economic downturn in the euro area or in the Union as a whole provided that this does not endanger fiscal sustainability in the medium-term || For the euro area: Early and gradual sanction system to be activated at each stage of the EDP procedure

As inflation in the euro area has risen in recent months to its highest level since October 2008, it is important to separate globally-driven short-term price volatility from more persistent underlying wage and price pressures.