Traduction de «Emissione monetaria » (Italien → Anglais) :

issuing of currency

monetary emission

monetary policy [ currency reform | currency situation | money policy ]

television broadcasting

broadcast protected by copyright | protected broadcast

man-made emissions

noise emission | sound emission

32. Calls on the Commission to engage in clarifying the legal restraints to the common issuance of bonds, especially Article 125 of the TFEU and its implication for three possible issuing modes: joint liability, several liability, and joint and several liability; urges the Commission to analyse the possible use of article 352/1 of the TFEU, or any other legal basis, for the implementation of a partial common debt issuance solution without a necessary Treaty change, including a surveillance and reporting framework, on the basis of Articles 121 and 136 of the TFEU, aiming at monitoring, on a quarterly basis, progress made by euro area Mem ...[+++]ber States and by the euro area as a whole towards a reinforced and genuine Economic and Monetary Union, as well as aiming at coordinating the issuance of sovereign debt instruments not covered by any mutualisation framework;

40. Believes that if a system of mutualisation of debt is deemed possible, and is well interwoven in a stability-oriented framework, a Treaty change should be envisaged in the roadmap to a genuine Economic and Monetary Union, which could result in the issuance of bonds under joint and several liability;

Without such a transfer of sovereignty, enabling effective economic governance, common debt issuance would lack credibility, create a situation of moral hazard and risk weakening incentives for sound fiscal policies which are essential in economic and monetary union.

5. Believes that the introduction of a limited form of common debt as a first step of a roadmap towards fully fledged Eurobonds with appropriate governance safeguards is necessary for ensuring the viability of the Economic and Monetary Union in accordance with the European Parliament position on the ‘two pack’; urges therefore the Commission to put forward a proposal for immediately establishing a European Redemption Fund as well as the immediate issuance of common short-term debt in the form of eurobills to reduce spreads, protect M ...[+++]ember States from panic induced negative externalities and the negative feedback loop between sovereign and banking crises;