current liabilities | CL [Abbr.]

current liabilities | floating debt | short-term debt | short-term liabilities | short-term obligations

passive current transfer

deferred tax credit | tax credit | future income tax liability

outward processing [ outward processing arrangements | outward processing traffic ]

passive solar system | passive system

swap arrangement [ asset swaps | currency swap | liability swap ]

political tendency [ political trend ]

Incountries with high external liabilities, the large current account deficits of the pre-crisis period have been considerably reduced or have moved to surplus. Helped by external factors, cost competitiveness has generally improved.

Net external liabilities are on a sharp declining trend, in light of a large current account surplus and competitiveness gains.

Those methodologies shall include the current and projected material cash-flows in and arising from assets, liabilities, off-balance-sheet items, including contingent liabilities and the possible impact of reputational risk.

The legislative act to be adopted (on the basis of, inter alia, Article 126 TFEU) should aim in particular to strengthen the preventive arm of the SGP and include economically and politically more sensible sanctions and incentives, while taking due account of the structure of the national deficit and debt (including implicit liabilities), the ‘economic cycle’, in order to avoid pro-cyclical budgetary policy, as well as the nature of the public revenues and expenditures needed for growth-enhancing structural reforms; all Member States should aim to make progress but those with larger gaps should generally contribute more towards meeting ...[+++]targets in respect of debt stock and deficits. Demographic evolution should also be taken into account when assessing current account imbalances.