Traduction de «Fonds commercial créé » (Français → Anglais) :

This must be taken much further by: - ensuring smooth operation of the internal market: further deregulation, based on the Molitor working party set up for this purpose, combined with redefinition of the public service objectives, streamlined, transparent procedures and improved decision-making structures; and - making full use of the instruments available to facilitate industrial change, putting the accent on small businesses and taking account of the regional imbalances; using the Structural Funds, particularly the Community initiative programmes, to facilitate the development of competitive clusters of activities, combined with impr ...[+++]oved training, dissemination of technology and closer partnerships between big and small firms, etc. The competitive position of European industry In recent years European industry's competitiveness has improved considerably: - the European Union had a trade deficit with the USA in the late '80s, but improved its position appreciably in the early '90s when it cut its trade deficit by 90%, from ECU 21 billion in 1991 to ECU 2 billion in 1993; - European companies' financial structures are far healthier and their average debt ratio is well below their rivals'; - unit labour cost trends over the last ten years in the European Union compare favourably with those of its leading rivals: between 1980 and 1993 real unit wage costs fell more sharply in the Union (down 9.7%) than in the USA (1.2%) and Japan (8.3%).

Ms. Elyse Allan: Over the past year and a half we've actually had an infrastructure financing task force where we brought together the leaders of all the major pension funds, along with the financiers from all five major banks as well as the business development bank and others.