Traduction de «Courant positif » (Français → Anglais) :

7. Considers that the current account imbalances within the EU-27 – countries with high current account deficits in southern and eastern Europe, countries with high current account surpluses such as Germany, Austria and the Netherlands – must be thoroughly addressed by EU economic governance; highlights that the surplus countries need to shift their economic development to strengthen internal demand and their domestic economy; proposes to establish a ‘clearing union’ mechanism within the EU-27 obliging the surplus countries to pay positive interest rates to t ...[+++]he deficit countries, thus allowing those to invest in the modernisation of production, services and infrastructure, increase productivity and bring down current account deficits;

(203) By taking account of the impact which these two favourable business hypotheses have on the business plan (i.e. the inclusion of the margin from new regular passengers and the failure to take account of all marketing costs for all potential Ryanair passengers), the Commission notes that the level of profit expected by BSCA for 2001-2010, namely EUR 35,6 million accumulated operating result, is reduced, respectively, by EUR 26,9 and EUR 6,6 million, making EUR 33,5 million, in other words, virtually the full amount of expected profit. The accumulated operating result would reach a low point at the end of 2005, with about -EUR 5,4 million accumulated losses to be financed. The accumulated loss would continue until 2009 inclusive and the result wou ...[+++]ld become positive, by EUR 2,1 million, only in 2010.

As regards planning costs and those relating to the conservation of water infrastructure, these will have to be covered by farmers themselves, an arrangement which will enable certain objectives to be achieved, such as slowing down the deterioration of irrigated land, sending out a price signal which will have a positive effect on the environment, setting up metering systems which will enable the volume of water consumed to be determined and strengthening users’ organisations.

The Commission suggests that during the year 2001 Member States and the Commission should together define what work should be undertaken in each of the areas concerned - which are suitable for peer review or the exchange of good practice, where progress should be compared against which benchmarks, which areas need indicators, where new indicators should be defined, the way in which Member States will take a view about developments likely to be positive in the future. At the same time, consideration will need to be given to the way in which education and training are represented within (say) the Luxembourg process, or the Commission's ann ...[+++]ual Synthesis Report; just as continuing activity at EU level, such as the debate on the Memorandum on Lifelong Learning, will surely provide very valuable contributions to the discussions.

8.97 The balancing item in the external account of primary income and current transfers represents the surplus (if it is negative) or the deficit (if it is positive) of the total economy on its current transactions (trade in goods and services, primary incomes, current transfers) with the rest of the world.

8.43. Saving is the (positive or negative) amount resulting from current transactions which establishes the link with accumulation.