Traduction de «Réelles difficultés financières » (Français → Anglais) :

This Regulation's scope should extend to proceedings which are triggered by situations in which the debtor faces non-financial difficulties, provided that such difficulties give rise to a real and serious threat to the debtor's actual or future ability to pay its debts as they fall due.

N. whereas financial fragmentation is still a major problem, with SMEs facing much higher borrowing costs, in particular in euro area countries already affected by severe economic conditions, and this is creating distortions in the single market, slowing the recovery and amplifying the divergences between countries; whereas the results of the comprehensive assessment of European banks should have a positive impact on current monetary policies and on banks’ willingness to increase their lending activities, particularly to the real economy;

The distress of a single complex institution may lead to systemic stress in the financial sector, which in turn can also have a strong negative impact on the economy as a whole, for example through the role of credit institutions in lending to the real economy, and might thus endanger financial stability.

7. Points out that the margins stemming from the Multiannual Financial Framework (MFF) do not allow real room for manoeuvre, especially in subheading 1a and heading 4, and reduce the capacity of the Union to react to policy changes and unforeseen needs while maintaining its priorities; points out that the scope of the challenges the Union faces, would require means well beyond the current ceilings of the MFF; recalls, in that respect, that the mobilisation of the instruments foreseen in the Interinstitutional Agreement (IIA) of 17 May 2006 on budgetary discipline and sound financial management has been rendered unavoidable by the vario ...[+++]us challenges and new priorities that have arisen, such as the Arab Spring this year and the need to give a strong impetus to the implementation of the Europe 2020 strategy as a coordinated way to fight the current economic and social crisis;

Within the EU, a comprehensive set of measures and vast financial resources have been activated to address difficulties in the financial sector and to support the real economy.

"The Union needs a cohesion policy which addresses three types of region and structural problems": (1) regions whose development is lagging very far behind, 60 % of which are in the applicant countries; (2) regions of the Fifteen which have not completed the process of real convergence (particularly in the three cohesion countries); (3) regions facing serious structural problems, such as some urban areas, areas affected by industrial conversion, rural areas dependent on agriculture and/or fishing, and areas suffering from natural or demographic handicaps (islands, mountain areas, outermost regions, etc.).To avoid funding being spread too thinly, cohesion policy should concentrate on those measures where the Community can add real value, r ...[+++]esulting in stronger links between financial allocations, the value added by the measures and the anticipated results.