Traduction de «étable à stalles pivotants » (Français → Anglais) :

The parties to this Agreement shall participate in a joint notification to the market of the bilateral central rates, and any changes to them, between the participating non-euro area currencies and the euro as agreed following the common procedure specified in paragraph 2.3 of the Resolution.

The Union has provided the central economic and political organising principle for our continent over the last half century, helping to secure democracy and stability for countries emerging from dictatorship and oppression.

The key provisions – Art. 9, paragraph 4 – state that a Member State "shall not be in breach of this Directive" if a decision not to introduce domestic water charges based on "established practice does not compromise the purposes and the achievement of the objectives of this Directive".

(10) Whereas in its Resolution of 16 June 1997 on the establishment of an exchange-rate mechanism in the third stage of Economic and Monetary Union, the European Council issued firm political guidelines in accordance with which an exchange-rate mechanism is established in the third stage of EMU, hereafter referred to as 'ERM2`; whereas the currencies of non-participating Member States joining ERM2 will have a central rate vis-à-vis the euro, thereby providing a reference point for judging the adequacy of their policies; whereas the ERM2 will also help to protect them and the Member States adopting the euro from unwarranted pressures in ...[+++] the foreign-exchange markets; whereas, so as to enable appropriate surveillance in the Council, non-participating Member States not joining ERM2 will nevertheless present policies in their convergence programmes oriented to stability thus avoiding real exchange rate misalignments and excessive nominal exchange rate fluctuations;

The networks created via the Young Consumer competitions could form the hub of these initiatives".