Traduction de «éviction à travers les taux d'intérêt » (Français → Anglais) :

The provision of loans to a company in such difficulties that no private investor would have financed it at any rate involves an advantage to the company which is equal to the amount of the loans.

28. Agrees that the ECB’s action, which came in addition to structural reforms and the consolidation of public finances, has ‘decisively contributed to the stability of the euro area’; recognises that this action has had the effect of decreasing unsustainably high financing costs for some Member States through the Securities Market Programme (SMP) and providing a liquidity backstop for sovereign debt markets through Outright Monetary Transactions (OMTs), averting a melt-down of the banking sector and helping to sever the link between banks and sovereigns, limiting speculation on sovereign debt and temporarily reducing excessive spreads; ...[+++] considers, however, that a lack of sustainable growth and high (and still growing) levels of private and public debt in many Member States mean that ’a carefully managed process of deleveraging’ is required; agrees with the Commission that the improvement of the health of the banking sector must remain a priority; welcomes the establishment by the Commission, according to thecommitment it made to Parliament in the declaration annexed to the two-pack, of the high-level group chaired by Gertrude Tumpel-Gugerell to deepen the analysis on, and assess thoroughly the partial substitution of national debt issuance through joint issuance in the form of a redemption fund and eurobills, considering the pros and cons of the different options ; looks forward to the report of the high-level group;

AY. whereas, through local and regional self-government, local and regional actors perform many duties that are provided for in Union legislation on the Single Market, especially in the field of public procurement, state aid, services of general economic interest and concessions; whereas those policies should be properly implemented, inter alia in order to reduce error rates in cohesion policy; whereas the provision of high-quality public services for people living in every single region in the Union is a prerequisite for a dynamic ...[+++]and powerful Single Market, and whereas effective governance of the Single Market should therefore take account of the interests of local and regional stakeholders;

We can only do this effectively, as Europeans, if we give the euro our full political support and the necessary governance mechanisms so that our interests can be defended, as they deserve to be, through the exchange rate for our currency.

124. Considers it essential that the Single Market Act include an ambitious agenda for social and consumer protection in the form of the insertion of a social clause in all legislation related to the internal market, legislation on services of general economic interest, a legislative agenda to strengthen workers' rights, an ambitious legislative package for consumer protection that makes a difference to the daily lives of citizens and better tax coordination by means of harmonisation of the corporate tax base and VAT ...[+++]rates;

9. Notes that governments' massive recourse to borrowing is beginning to show strains on the capital markets, as these are being dried up, crowding-out is coming into effect, and medium- and long-term interest rates are creeping upwards, which is likely to annul the central banks' efforts to bring down interest rates; urges all Member States to return to a sound level of government deficit as soon as possible;