buffing machine

European system for the international clearing of vacancies and applications for employment | Register of occupations and professions in international exchange | SEDOC [Abbr.]

maximum fixed offsetting percentage

depth of compensation

Mandatory CCP clearing requirements for those OTC derivative contracts that can be cleared centrally are therefore necessary.

16. Highlights that the surplus countries need to shift their economic development to strengthen internal demand and their domestic economy, inter alia by allowing for higher wages; proposes to establish a ‘clearing union’ mechanism within the EU-27 obliging the surplus countries to pay positive interest rates to the deficit countries, thus allowing those to invest in environmental and social sustainable production, services and infrastructure, increase productivity and reduce deficits; strongly opposes any sanctions against countri ...[+++]es with current account deficits;

7. Considers that the current account imbalances within the EU-27 – countries with high current account deficits in southern and eastern Europe, countries with high current account surpluses such as Germany, Austria and the Netherlands – must be thoroughly addressed by EU economic governance; highlights that the surplus countries need to shift their economic development to strengthen internal demand and their domestic economy; proposes to establish a ‘clearing union’ mechanism within the EU-27 obliging the surplus countries to pay positive interest rates to the deficit countries, thus allowing those to invest in the modernisation of production, serv ...[+++]ices and infrastructure, increase productivity and bring down current account deficits;

However, there is something else which we certainly do not agree with. During the discussions which took place we asked what would happen when the compensation is reduced in line with the level of fishing, so that the compensation would be reduced from EUR 86 million to EUR 70 million, which would mean that Mauritania’s income would be reduced by EUR 40 million over a period of three years.