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group of banks

  • 1 group of banks

    Универсальный англо-русский словарь > group of banks

  • 2 group of banks

    English-russian dctionary of contemporary Economics > group of banks

  • 3 group of banks

    English-russian dctionary of diplomacy > group of banks

  • 4 group

    n
    группа; организация

    - administration group
    - advisory group
    - affiliate group of corporations
    - affiliated group
    - age group
    - allied trade group
    - buyers' group
    - campaign group
    - consumer group
    - design group
    - development group
    - economic group
    - environmental group
    - ethnic group
    - examining group
    - geographical group
    - high status group
    - income group
    - interest group
    - loaning group
    - low status group
    - management group
    - manufacturing group
    - minority group
    - national group
    - noncompeting group
    - nonprofit group
    - occupational group
    - policy group
    - population group
    - pressure group
    - producers' group
    - product group of a corporation
    - professional group
    - purchasing group
    - research group
    - retailers' buying group
    - social status group
    - socioeconomic group
    - spending group
    - study group
    - task group
    - trade group
    - umbrella group
    - underwriting group
    - vintage group
    - wage rate group
    - working group
    - group of actions
    - group of banks
    - group of companies

    English-russian dctionary of contemporary Economics > group

  • 5 group

    группа; организация
    •

    English-russian dctionary of diplomacy > group

  • 6 European Savings Banks Group

    орг.
    сокр. ESBG банк. Европейская группа сберегательных банков (ассоциация, представляющая интересы сберегательных и розничных банков в европейских странах; создана в 1963 г. под первоначальным названием "Группа сберегательных банков Европейского экономического сообщества" (Savings Bank Group of the European Economic Community); текущее название получила в 1988 г.)
    See:

    Англо-русский экономический словарь > European Savings Banks Group

  • 7 European Savings Banks Group

    Универсальный англо-русский словарь > European Savings Banks Group

  • 8 European Savings Banks Group

    Fin. Groupement européen des caisses d'épargne

    English-French dictionary of law, politics, economics & finance > European Savings Banks Group

  • 9 syndicate

    1. сущ.
    синдикат, консорциум
    а) эк. (любое объединение банков, страховых компаний, подрядчиков, товаропроизводителей или других фирм с целью осуществления общего проекта)
    See:
    б) эк. (объединение товаропроизводителей с целью сбыта и осуществления единой ценовой политики)
    Syn:
    в) эк., юр., амер. = investment group
    г) СМИ (группа газетных издательств, находящаяся в собственности или управляемая одним и тем же лицом или компанией)
    д) фин. = underwriting group 2),
    2. гл.
    1) эк. объединять(ся) в синдикаты, синдицировать(ся)

    the loans are syndicated to a group of banks. — Займы синдицированы группой банков

    See:
    2) СМИ публиковать сразу в нескольких изданиях

    * * *
    синдикат (консорциум): временное объединение двух и более физических или юридических лиц для осуществления конкретного совместного проекта (напр., для андеррайтинга ценных бумаг); = consortium 1; purchase group; underwriting group.
    * * *
    . Группа банков, временно действующих совместно по предоставлению банковских кредитов (синдицированных кредитов) или андеррайтингу нового выпуска облигаций . Инвестиционная деятельность .
    * * *
    объединение андеррайтеров (особенно в «Ллойде»), действующих совместно при проведении страховой операции
    -----
    группа андеррайтеров Ллойдз, которая совместно принимает на себя страховой риск; каждый синдикат управляется менеджером синдиката или агентом

    Англо-русский экономический словарь > syndicate

  • 10 syndicate

    1. сущ.
    а) (любое объединение банков, страховых компаний, подрядчиков, товаропроизводителей или других фирм с целью осуществления общего проекта)
    б) фин. = underwriting group
    в) эк., юр., амер. = investment group

    2. гл.
    эк. объединять(ся) в синдикаты, синдицировать(ся)

    The loans are syndicated to a group of banks. — Займы синдицированы группой банков.

    See:

    The new English-Russian dictionary of financial markets > syndicate

  • 11 Historical Portugal

       Before Romans described western Iberia or Hispania as "Lusitania," ancient Iberians inhabited the land. Phoenician and Greek trading settlements grew up in the Tagus estuary area and nearby coasts. Beginning around 202 BCE, Romans invaded what is today southern Portugal. With Rome's defeat of Carthage, Romans proceeded to conquer and rule the western region north of the Tagus, which they named Roman "Lusitania." In the fourth century CE, as Rome's rule weakened, the area experienced yet another invasion—Germanic tribes, principally the Suevi, who eventually were Christianized. During the sixth century CE, the Suevi kingdom was superseded by yet another Germanic tribe—the Christian Visigoths.
       A major turning point in Portugal's history came in 711, as Muslim armies from North Africa, consisting of both Arab and Berber elements, invaded the Iberian Peninsula from across the Straits of Gibraltar. They entered what is now Portugal in 714, and proceeded to conquer most of the country except for the far north. For the next half a millennium, Islam and Muslim presence in Portugal left a significant mark upon the politics, government, language, and culture of the country.
       Islam, Reconquest, and Portugal Created, 714-1140
       The long frontier struggle between Muslim invaders and Christian communities in the north of the Iberian peninsula was called the Reconquista (Reconquest). It was during this struggle that the first dynasty of Portuguese kings (Burgundian) emerged and the independent monarchy of Portugal was established. Christian forces moved south from what is now the extreme north of Portugal and gradually defeated Muslim forces, besieging and capturing towns under Muslim sway. In the ninth century, as Christian forces slowly made their way southward, Christian elements were dominant only in the area between Minho province and the Douro River; this region became known as "territorium Portu-calense."
       In the 11th century, the advance of the Reconquest quickened as local Christian armies were reinforced by crusading knights from what is now France and England. Christian forces took Montemor (1034), at the Mondego River; Lamego (1058); Viseu (1058); and Coimbra (1064). In 1095, the king of Castile and Léon granted the country of "Portu-cale," what became northern Portugal, to a Burgundian count who had emigrated from France. This was the foundation of Portugal. In 1139, a descendant of this count, Afonso Henriques, proclaimed himself "King of Portugal." He was Portugal's first monarch, the "Founder," and the first of the Burgundian dynasty, which ruled until 1385.
       The emergence of Portugal in the 12th century as a separate monarchy in Iberia occurred before the Christian Reconquest of the peninsula. In the 1140s, the pope in Rome recognized Afonso Henriques as king of Portugal. In 1147, after a long, bloody siege, Muslim-occupied Lisbon fell to Afonso Henriques's army. Lisbon was the greatest prize of the 500-year war. Assisting this effort were English crusaders on their way to the Holy Land; the first bishop of Lisbon was an Englishman. When the Portuguese captured Faro and Silves in the Algarve province in 1248-50, the Reconquest of the extreme western portion of the Iberian peninsula was complete—significantly, more than two centuries before the Spanish crown completed the Reconquest of the eastern portion by capturing Granada in 1492.
       Consolidation and Independence of Burgundian Portugal, 1140-1385
       Two main themes of Portugal's early existence as a monarchy are the consolidation of control over the realm and the defeat of a Castil-ian threat from the east to its independence. At the end of this period came the birth of a new royal dynasty (Aviz), which prepared to carry the Christian Reconquest beyond continental Portugal across the straits of Gibraltar to North Africa. There was a variety of motives behind these developments. Portugal's independent existence was imperiled by threats from neighboring Iberian kingdoms to the north and east. Politics were dominated not only by efforts against the Muslims in
       Portugal (until 1250) and in nearby southern Spain (until 1492), but also by internecine warfare among the kingdoms of Castile, Léon, Aragon, and Portugal. A final comeback of Muslim forces was defeated at the battle of Salado (1340) by allied Castilian and Portuguese forces. In the emerging Kingdom of Portugal, the monarch gradually gained power over and neutralized the nobility and the Church.
       The historic and commonplace Portuguese saying "From Spain, neither a good wind nor a good marriage" was literally played out in diplomacy and war in the late 14th-century struggles for mastery in the peninsula. Larger, more populous Castile was pitted against smaller Portugal. Castile's Juan I intended to force a union between Castile and Portugal during this era of confusion and conflict. In late 1383, Portugal's King Fernando, the last king of the Burgundian dynasty, suddenly died prematurely at age 38, and the Master of Aviz, Portugal's most powerful nobleman, took up the cause of independence and resistance against Castile's invasion. The Master of Aviz, who became King João I of Portugal, was able to obtain foreign assistance. With the aid of English archers, Joao's armies defeated the Castilians in the crucial battle of Aljubarrota, on 14 August 1385, a victory that assured the independence of the Portuguese monarchy from its Castilian nemesis for several centuries.
       Aviz Dynasty and Portugal's First Overseas Empire, 1385-1580
       The results of the victory at Aljubarrota, much celebrated in Portugal's art and monuments, and the rise of the Aviz dynasty also helped to establish a new merchant class in Lisbon and Oporto, Portugal's second city. This group supported King João I's program of carrying the Reconquest to North Africa, since it was interested in expanding Portugal's foreign commerce and tapping into Muslim trade routes and resources in Africa. With the Reconquest against the Muslims completed in Portugal and the threat from Castile thwarted for the moment, the Aviz dynasty launched an era of overseas conquest, exploration, and trade. These efforts dominated Portugal's 15th and 16th centuries.
       The overseas empire and age of Discoveries began with Portugal's bold conquest in 1415 of the Moroccan city of Ceuta. One royal member of the 1415 expedition was young, 21-year-old Prince Henry, later known in history as "Prince Henry the Navigator." His part in the capture of Ceuta won Henry his knighthood and began Portugal's "Marvelous Century," during which the small kingdom was counted as a European and world power of consequence. Henry was the son of King João I and his English queen, Philippa of Lancaster, but he did not inherit the throne. Instead, he spent most of his life and his fortune, and that of the wealthy military Order of Christ, on various imperial ventures and on voyages of exploration down the African coast and into the Atlantic. While mythology has surrounded Henry's controversial role in the Discoveries, and this role has been exaggerated, there is no doubt that he played a vital part in the initiation of Portugal's first overseas empire and in encouraging exploration. He was naturally curious, had a sense of mission for Portugal, and was a strong leader. He also had wealth to expend; at least a third of the African voyages of the time were under his sponsorship. If Prince Henry himself knew little science, significant scientific advances in navigation were made in his day.
       What were Portugal's motives for this new imperial effort? The well-worn historical cliche of "God, Glory, and Gold" can only partly explain the motivation of a small kingdom with few natural resources and barely 1 million people, which was greatly outnumbered by the other powers it confronted. Among Portuguese objectives were the desire to exploit known North African trade routes and resources (gold, wheat, leather, weaponry, and other goods that were scarce in Iberia); the need to outflank the Muslim world in the Mediterranean by sailing around Africa, attacking Muslims en route; and the wish to ally with Christian kingdoms beyond Africa. This enterprise also involved a strategy of breaking the Venetian spice monopoly by trading directly with the East by means of discovering and exploiting a sea route around Africa to Asia. Besides the commercial motives, Portugal nurtured a strong crusading sense of Christian mission, and various classes in the kingdom saw an opportunity for fame and gain.
       By the time of Prince Henry's death in 1460, Portugal had gained control of the Atlantic archipelagos of the Azores and Madeiras, begun to colonize the Cape Verde Islands, failed to conquer the Canary Islands from Castile, captured various cities on Morocco's coast, and explored as far as Senegal, West Africa, down the African coast. By 1488, Bar-tolomeu Dias had rounded the Cape of Good Hope in South Africa and thereby discovered the way to the Indian Ocean.
       Portugal's largely coastal African empire and later its fragile Asian empire brought unexpected wealth but were purchased at a high price. Costs included wars of conquest and defense against rival powers, manning the far-flung navel and trade fleets and scattered castle-fortresses, and staffing its small but fierce armies, all of which entailed a loss of skills and population to maintain a scattered empire. Always short of capital, the monarchy became indebted to bankers. There were many defeats beginning in the 16th century at the hands of the larger imperial European monarchies (Spain, France, England, and Holland) and many attacks on Portugal and its strung-out empire. Typically, there was also the conflict that arose when a tenuously held world empire that rarely if ever paid its way demanded finance and manpower Portugal itself lacked.
       The first 80 years of the glorious imperial era, the golden age of Portugal's imperial power and world influence, was an African phase. During 1415-88, Portuguese navigators and explorers in small ships, some of them caravelas (caravels), explored the treacherous, disease-ridden coasts of Africa from Morocco to South Africa beyond the Cape of Good Hope. By the 1470s, the Portuguese had reached the Gulf of Guinea and, in the early 1480s, what is now Angola. Bartolomeu Dias's extraordinary voyage of 1487-88 to South Africa's coast and the edge of the Indian Ocean convinced Portugal that the best route to Asia's spices and Christians lay south, around the tip of southern Africa. Between 1488 and 1495, there was a hiatus caused in part by domestic conflict in Portugal, discussion of resources available for further conquests beyond Africa in Asia, and serious questions as to Portugal's capacity to reach beyond Africa. In 1495, King Manuel and his council decided to strike for Asia, whatever the consequences. In 1497-99, Vasco da Gama, under royal orders, made the epic two-year voyage that discovered the sea route to western India (Asia), outflanked Islam and Venice, and began Portugal's Asian empire. Within 50 years, Portugal had discovered and begun the exploitation of its largest colony, Brazil, and set up forts and trading posts from the Middle East (Aden and Ormuz), India (Calicut, Goa, etc.), Malacca, and Indonesia to Macau in China.
       By the 1550s, parts of its largely coastal, maritime trading post empire from Morocco to the Moluccas were under siege from various hostile forces, including Muslims, Christians, and Hindi. Although Moroccan forces expelled the Portuguese from the major coastal cities by 1550, the rival European monarchies of Castile (Spain), England, France, and later Holland began to seize portions of her undermanned, outgunned maritime empire.
       In 1580, Phillip II of Spain, whose mother was a Portuguese princess and who had a strong claim to the Portuguese throne, invaded Portugal, claimed the throne, and assumed control over the realm and, by extension, its African, Asian, and American empires. Phillip II filled the power vacuum that appeared in Portugal following the loss of most of Portugal's army and its young, headstrong King Sebastião in a disastrous war in Morocco. Sebastiao's death in battle (1578) and the lack of a natural heir to succeed him, as well as the weak leadership of the cardinal who briefly assumed control in Lisbon, led to a crisis that Spain's strong monarch exploited. As a result, Portugal lost its independence to Spain for a period of 60 years.
       Portugal under Spanish Rule, 1580-1640
       Despite the disastrous nature of Portugal's experience under Spanish rule, "The Babylonian Captivity" gave birth to modern Portuguese nationalism, its second overseas empire, and its modern alliance system with England. Although Spain allowed Portugal's weakened empire some autonomy, Spanish rule in Portugal became increasingly burdensome and unacceptable. Spain's ambitious imperial efforts in Europe and overseas had an impact on the Portuguese as Spain made greater and greater demands on its smaller neighbor for manpower and money. Portugal's culture underwent a controversial Castilianization, while its empire became hostage to Spain's fortunes. New rival powers England, France, and Holland attacked and took parts of Spain's empire and at the same time attacked Portugal's empire, as well as the mother country.
       Portugal's empire bore the consequences of being attacked by Spain's bitter enemies in what was a form of world war. Portuguese losses were heavy. By 1640, Portugal had lost most of its Moroccan cities as well as Ceylon, the Moluccas, and sections of India. With this, Portugal's Asian empire was gravely weakened. Only Goa, Damão, Diu, Bombay, Timor, and Macau remained and, in Brazil, Dutch forces occupied the northeast.
       On 1 December 1640, long commemorated as a national holiday, Portuguese rebels led by the duke of Braganza overthrew Spanish domination and took advantage of Spanish weakness following a more serious rebellion in Catalonia. Portugal regained independence from Spain, but at a price: dependence on foreign assistance to maintain its independence in the form of the renewal of the alliance with England.
       Restoration and Second Empire, 1640-1822
       Foreign affairs and empire dominated the restoration era and aftermath, and Portugal again briefly enjoyed greater European power and prestige. The Anglo-Portuguese Alliance was renewed and strengthened in treaties of 1642, 1654, and 1661, and Portugal's independence from Spain was underwritten by English pledges and armed assistance. In a Luso-Spanish treaty of 1668, Spain recognized Portugal's independence. Portugal's alliance with England was a marriage of convenience and necessity between two monarchies with important religious, cultural, and social differences. In return for legal, diplomatic, and trade privileges, as well as the use during war and peace of Portugal's great Lisbon harbor and colonial ports for England's navy, England pledged to protect Portugal and its scattered empire from any attack. The previously cited 17th-century alliance treaties were renewed later in the Treaty of Windsor, signed in London in 1899. On at least 10 different occasions after 1640, and during the next two centuries, England was central in helping prevent or repel foreign invasions of its ally, Portugal.
       Portugal's second empire (1640-1822) was largely Brazil-oriented. Portuguese colonization, exploitation of wealth, and emigration focused on Portuguese America, and imperial revenues came chiefly from Brazil. Between 1670 and 1740, Portugal's royalty and nobility grew wealthier on funds derived from Brazilian gold, diamonds, sugar, tobacco, and other crops, an enterprise supported by the Atlantic slave trade and the supply of African slave labor from West Africa and Angola. Visitors today can see where much of that wealth was invested: Portugal's rich legacy of monumental architecture. Meanwhile, the African slave trade took a toll in Angola and West Africa.
       In continental Portugal, absolutist monarchy dominated politics and government, and there was a struggle for position and power between the monarchy and other institutions, such as the Church and nobility. King José I's chief minister, usually known in history as the marquis of Pombal (ruled 1750-77), sharply suppressed the nobility and the
       Church (including the Inquisition, now a weak institution) and expelled the Jesuits. Pombal also made an effort to reduce economic dependence on England, Portugal's oldest ally. But his successes did not last much beyond his disputed time in office.
       Beginning in the late 18th century, the European-wide impact of the French Revolution and the rise of Napoleon placed Portugal in a vulnerable position. With the monarchy ineffectively led by an insane queen (Maria I) and her indecisive regent son (João VI), Portugal again became the focus of foreign ambition and aggression. With England unable to provide decisive assistance in time, France—with Spain's consent—invaded Portugal in 1807. As Napoleon's army under General Junot entered Lisbon meeting no resistance, Portugal's royal family fled on a British fleet to Brazil, where it remained in exile until 1821. In the meantime, Portugal's overseas empire was again under threat. There was a power vacuum as the monarch was absent, foreign armies were present, and new political notions of liberalism and constitutional monarchy were exciting various groups of citizens.
       Again England came to the rescue, this time in the form of the armies of the duke of Wellington. Three successive French invasions of Portugal were defeated and expelled, and Wellington succeeded in carrying the war against Napoleon across the Portuguese frontier into Spain. The presence of the English army, the new French-born liberal ideas, and the political vacuum combined to create revolutionary conditions. The French invasions and the peninsular wars, where Portuguese armed forces played a key role, marked the beginning of a new era in politics.
       Liberalism and Constitutional Monarchy, 1822-1910
       During 1807-22, foreign invasions, war, and civil strife over conflicting political ideas gravely damaged Portugal's commerce, economy, and novice industry. The next terrible blow was the loss of Brazil in 1822, the jewel in the imperial crown. Portugal's very independence seemed to be at risk. In vain, Portugal sought to resist Brazilian independence by force, but in 1825 it formally acknowledged Brazilian independence by treaty.
       Portugal's slow recovery from the destructive French invasions and the "war of independence" was complicated by civil strife over the form of constitutional monarchy that best suited Portugal. After struggles over these issues between 1820 and 1834, Portugal settled somewhat uncertainly into a moderate constitutional monarchy whose constitution (Charter of 1826) lent it strong political powers to exert a moderating influence between the executive and legislative branches of the government. It also featured a new upper middle class based on land ownership and commerce; a Catholic Church that, although still important, lived with reduced privileges and property; a largely African (third) empire to which Lisbon and Oporto devoted increasing spiritual and material resources, starting with the liberal imperial plans of 1836 and 1851, and continuing with the work of institutions like the Lisbon Society of Geography (established 1875); and a mass of rural peasants whose bonds to the land weakened after 1850 and who began to immigrate in increasing numbers to Brazil and North America.
       Chronic military intervention in national politics began in 19th-century Portugal. Such intervention, usually commencing with coups or pronunciamentos (military revolts), was a shortcut to the spoils of political office and could reflect popular discontent as well as the power of personalities. An early example of this was the 1817 golpe (coup) attempt of General Gomes Freire against British military rule in Portugal before the return of King João VI from Brazil. Except for a more stable period from 1851 to 1880, military intervention in politics, or the threat thereof, became a feature of the constitutional monarchy's political life, and it continued into the First Republic and the subsequent Estado Novo.
       Beginning with the Regeneration period (1851-80), Portugal experienced greater political stability and economic progress. Military intervention in politics virtually ceased; industrialization and construction of railroads, roads, and bridges proceeded; two political parties (Regenerators and Historicals) worked out a system of rotation in power; and leading intellectuals sparked a cultural revival in several fields. In 19th-century literature, there was a new golden age led by such figures as Alexandre Herculano (historian), Eça de Queirós (novelist), Almeida Garrett (playwright and essayist), Antero de Quental (poet), and Joaquim Oliveira Martins (historian and social scientist). In its third overseas empire, Portugal attempted to replace the slave trade and slavery with legitimate economic activities; to reform the administration; and to expand Portuguese holdings beyond coastal footholds deep into the African hinterlands in West, West Central, and East Africa. After 1841, to some extent, and especially after 1870, colonial affairs, combined with intense nationalism, pressures for economic profit in Africa, sentiment for national revival, and the drift of European affairs would make or break Lisbon governments.
       Beginning with the political crisis that arose out of the "English Ultimatum" affair of January 1890, the monarchy became discredtted and identified with the poorly functioning government, political parties splintered, and republicanism found more supporters. Portugal participated in the "Scramble for Africa," expanding its African holdings, but failed to annex territory connecting Angola and Mozambique. A growing foreign debt and state bankruptcy as of the early 1890s damaged the constitutional monarchy's reputation, despite the efforts of King Carlos in diplomacy, the renewal of the alliance in the Windsor Treaty of 1899, and the successful if bloody colonial wars in the empire (1880-97). Republicanism proclaimed that Portugal's weak economy and poor society were due to two historic institutions: the monarchy and the Catholic Church. A republic, its stalwarts claimed, would bring greater individual liberty; efficient, if more decentralized government; and a stronger colonial program while stripping the Church of its role in both society and education.
       As the monarchy lost support and republicans became more aggressive, violence increased in politics. King Carlos I and his heir Luís were murdered in Lisbon by anarchist-republicans on 1 February 1908. Following a military and civil insurrection and fighting between monarchist and republican forces, on 5 October 1910, King Manuel II fled Portugal and a republic was proclaimed.
       First Parliamentary Republic, 1910-26
       Portugal's first attempt at republican government was the most unstable, turbulent parliamentary republic in the history of 20th-century Western Europe. During a little under 16 years of the republic, there were 45 governments, a number of legislatures that did not complete normal terms, military coups, and only one president who completed his four-year term in office. Portuguese society was poorly prepared for this political experiment. Among the deadly legacies of the monarchy were a huge public debt; a largely rural, apolitical, and illiterate peasant population; conflict over the causes of the country's misfortunes; and lack of experience with a pluralist, democratic system.
       The republic had some talented leadership but lacked popular, institutional, and economic support. The 1911 republican constitution established only a limited democracy, as only a small portion of the adult male citizenry was eligible to vote. In a country where the majority was Catholic, the republic passed harshly anticlerical laws, and its institutions and supporters persecuted both the Church and its adherents. During its brief disjointed life, the First Republic drafted important reform plans in economic, social, and educational affairs; actively promoted development in the empire; and pursued a liberal, generous foreign policy. Following British requests for Portugal's assistance in World War I, Portugal entered the war on the Allied side in March 1916 and sent armies to Flanders and Portuguese Africa. Portugal's intervention in that conflict, however, was too costly in many respects, and the ultimate failure of the republic in part may be ascribed to Portugal's World War I activities.
       Unfortunately for the republic, its time coincided with new threats to Portugal's African possessions: World War I, social and political demands from various classes that could not be reconciled, excessive military intervention in politics, and, in particular, the worst economic and financial crisis Portugal had experienced since the 16th and 17th centuries. After the original Portuguese Republican Party (PRP, also known as the "Democrats") splintered into three warring groups in 1912, no true multiparty system emerged. The Democrats, except for only one or two elections, held an iron monopoly of electoral power, and political corruption became a major issue. As extreme right-wing dictatorships elsewhere in Europe began to take power in Italy (1922), neighboring Spain (1923), and Greece (1925), what scant popular support remained for the republic collapsed. Backed by a right-wing coalition of landowners from Alentejo, clergy, Coimbra University faculty and students, Catholic organizations, and big business, career military officers led by General Gomes da Costa executed a coup on 28 May 1926, turned out the last republican government, and established a military government.
       The Estado Novo (New State), 1926-74
       During the military phase (1926-32) of the Estado Novo, professional military officers, largely from the army, governed and administered Portugal and held key cabinet posts, but soon discovered that the military possessed no magic formula that could readily solve the problems inherited from the First Republic. Especially during the years 1926-31, the military dictatorship, even with its political repression of republican activities and institutions (military censorship of the press, political police action, and closure of the republic's rowdy parliament), was characterized by similar weaknesses: personalism and factionalism; military coups and political instability, including civil strife and loss of life; state debt and bankruptcy; and a weak economy. "Barracks parliamentarism" was not an acceptable alternative even to the "Nightmare Republic."
       Led by General Óscar Carmona, who had replaced and sent into exile General Gomes da Costa, the military dictatorship turned to a civilian expert in finance and economics to break the budget impasse and bring coherence to the disorganized system. Appointed minister of finance on 27 April 1928, the Coimbra University Law School professor of economics Antônio de Oliveira Salazar (1889-1970) first reformed finance, helped balance the budget, and then turned to other concerns as he garnered extraordinary governing powers. In 1930, he was appointed interim head of another key ministry (Colonies) and within a few years had become, in effect, a civilian dictator who, with the military hierarchy's support, provided the government with coherence, a program, and a set of policies.
       For nearly 40 years after he was appointed the first civilian prime minister in 1932, Salazar's personality dominated the government. Unlike extreme right-wing dictators elsewhere in Europe, Salazar was directly appointed by the army but was never endorsed by a popular political party, street militia, or voter base. The scholarly, reclusive former Coimbra University professor built up what became known after 1932 as the Estado Novo ("New State"), which at the time of its overthrow by another military coup in 1974, was the longest surviving authoritarian regime in Western Europe. The system of Salazar and the largely academic and technocratic ruling group he gathered in his cabinets was based on the central bureaucracy of the state, which was supported by the president of the republic—always a senior career military officer, General Óscar Carmona (1928-51), General Craveiro Lopes (1951-58), and Admiral Américo Tómaz (1958-74)—and the complicity of various institutions. These included a rubber-stamp legislature called the National Assembly (1935-74) and a political police known under various names: PVDE (1932-45), PIDE (1945-69),
       and DGS (1969-74). Other defenders of the Estado Novo security were paramilitary organizations such as the National Republican Guard (GNR); the Portuguese Legion (PL); and the Portuguese Youth [Movement]. In addition to censorship of the media, theater, and books, there was political repression and a deliberate policy of depoliticization. All political parties except for the approved movement of regime loyalists, the União Nacional or (National Union), were banned.
       The most vigorous and more popular period of the New State was 1932-44, when the basic structures were established. Never monolithic or entirely the work of one person (Salazar), the New State was constructed with the assistance of several dozen top associates who were mainly academics from law schools, some technocrats with specialized skills, and a handful of trusted career military officers. The 1933 Constitution declared Portugal to be a "unitary, corporative Republic," and pressures to restore the monarchy were resisted. Although some of the regime's followers were fascists and pseudofascists, many more were conservative Catholics, integralists, nationalists, and monarchists of different varieties, and even some reactionary republicans. If the New State was authoritarian, it was not totalitarian and, unlike fascism in Benito Mussolini's Italy or Adolf Hitler's Germany, it usually employed the minimum of violence necessary to defeat what remained a largely fractious, incoherent opposition.
       With the tumultuous Second Republic and the subsequent civil war in nearby Spain, the regime felt threatened and reinforced its defenses. During what Salazar rightly perceived as a time of foreign policy crisis for Portugal (1936-45), he assumed control of the Ministry of Foreign Affairs. From there, he pursued four basic foreign policy objectives: supporting the Nationalist rebels of General Francisco Franco in the Spanish Civil War (1936-39) and concluding defense treaties with a triumphant Franco; ensuring that General Franco in an exhausted Spain did not enter World War II on the Axis side; maintaining Portuguese neutrality in World War II with a post-1942 tilt toward the Allies, including granting Britain and the United States use of bases in the Azores Islands; and preserving and protecting Portugal's Atlantic Islands and its extensive, if poor, overseas empire in Africa and Asia.
       During the middle years of the New State (1944-58), many key Salazar associates in government either died or resigned, and there was greater social unrest in the form of unprecedented strikes and clandestine Communist activities, intensified opposition, and new threatening international pressures on Portugal's overseas empire. During the earlier phase of the Cold War (1947-60), Portugal became a steadfast, if weak, member of the US-dominated North Atlantic Treaty Organization alliance and, in 1955, with American support, Portugal joined the United Nations (UN). Colonial affairs remained a central concern of the regime. As of 1939, Portugal was the third largest colonial power in the world and possessed territories in tropical Africa (Angola, Mozambique, Guinea-Bissau, and São Tomé and Príncipe Islands) and the remnants of its 16th-century empire in Asia (Goa, Damão, Diu, East Timor, and Macau). Beginning in the early 1950s, following the independence of India in 1947, Portugal resisted Indian pressures to decolonize Portuguese India and used police forces to discourage internal opposition in its Asian and African colonies.
       The later years of the New State (1958-68) witnessed the aging of the increasingly isolated but feared Salazar and new threats both at home and overseas. Although the regime easily overcame the brief oppositionist threat from rival presidential candidate General Humberto Delgado in the spring of 1958, new developments in the African and Asian empires imperiled the authoritarian system. In February 1961, oppositionists hijacked the Portuguese ocean liner Santa Maria and, in following weeks, African insurgents in northern Angola, although they failed to expel the Portuguese, gained worldwide media attention, discredited the New State, and began the 13-year colonial war. After thwarting a dissident military coup against his continued leadership, Salazar and his ruling group mobilized military repression in Angola and attempted to develop the African colonies at a faster pace in order to ensure Portuguese control. Meanwhile, the other European colonial powers (Britain, France, Belgium, and Spain) rapidly granted political independence to their African territories.
       At the time of Salazar's removal from power in September 1968, following a stroke, Portugal's efforts to maintain control over its colonies appeared to be successful. President Americo Tomás appointed Dr. Marcello Caetano as Salazar's successor as prime minister. While maintaining the New State's basic structures, and continuing the regime's essential colonial policy, Caetano attempted wider reforms in colonial administration and some devolution of power from Lisbon, as well as more freedom of expression in Lisbon. Still, a great deal of the budget was devoted to supporting the wars against the insurgencies in Africa. Meanwhile in Asia, Portuguese India had fallen when the Indian army invaded in December 1961. The loss of Goa was a psychological blow to the leadership of the New State, and of the Asian empire only East Timor and Macau remained.
       The Caetano years (1968-74) were but a hiatus between the waning Salazar era and a new regime. There was greater political freedom and rapid economic growth (5-6 percent annually to late 1973), but Caetano's government was unable to reform the old system thoroughly and refused to consider new methods either at home or in the empire. In the end, regime change came from junior officers of the professional military who organized the Armed Forces Movement (MFA) against the Caetano government. It was this group of several hundred officers, mainly in the army and navy, which engineered a largely bloodless coup in Lisbon on 25 April 1974. Their unexpected action brought down the 48-year-old New State and made possible the eventual establishment and consolidation of democratic governance in Portugal, as well as a reorientation of the country away from the Atlantic toward Europe.
       Revolution of Carnations, 1974-76
       Following successful military operations of the Armed Forces Movement against the Caetano government, Portugal experienced what became known as the "Revolution of Carnations." It so happened that during the rainy week of the military golpe, Lisbon flower shops were featuring carnations, and the revolutionaries and their supporters adopted the red carnation as the common symbol of the event, as well as of the new freedom from dictatorship. The MFA, whose leaders at first were mostly little-known majors and captains, proclaimed a three-fold program of change for the new Portugal: democracy; decolonization of the overseas empire, after ending the colonial wars; and developing a backward economy in the spirit of opportunity and equality. During the first 24 months after the coup, there was civil strife, some anarchy, and a power struggle. With the passing of the Estado Novo, public euphoria burst forth as the new provisional military government proclaimed the freedoms of speech, press, and assembly, and abolished censorship, the political police, the Portuguese Legion, Portuguese Youth, and other New State organizations, including the National Union. Scores of political parties were born and joined the senior political party, the Portuguese Community Party (PCP), and the Socialist Party (PS), founded shortly before the coup.
       Portugal's Revolution of Carnations went through several phases. There was an attempt to take control by radical leftists, including the PCP and its allies. This was thwarted by moderate officers in the army, as well as by the efforts of two political parties: the PS and the Social Democrats (PPD, later PSD). The first phase was from April to September 1974. Provisional president General Antonio Spínola, whose 1974 book Portugal and the Future had helped prepare public opinion for the coup, met irresistible leftist pressures. After Spinola's efforts to avoid rapid decolonization of the African empire failed, he resigned in September 1974. During the second phase, from September 1974 to March 1975, radical military officers gained control, but a coup attempt by General Spínola and his supporters in Lisbon in March 1975 failed and Spínola fled to Spain.
       In the third phase of the Revolution, March-November 1975, a strong leftist reaction followed. Farm workers occupied and "nationalized" 1.1 million hectares of farmland in the Alentejo province, and radical military officers in the provisional government ordered the nationalization of Portuguese banks (foreign banks were exempted), utilities, and major industries, or about 60 percent of the economic system. There were power struggles among various political parties — a total of 50 emerged—and in the streets there was civil strife among labor, military, and law enforcement groups. A constituent assembly, elected on 25 April 1975, in Portugal's first free elections since 1926, drafted a democratic constitution. The Council of the Revolution (CR), briefly a revolutionary military watchdog committee, was entrenched as part of the government under the constitution, until a later revision. During the chaotic year of 1975, about 30 persons were killed in political frays while unstable provisional governments came and went. On 25 November 1975, moderate military forces led by Colonel Ramalho Eanes, who later was twice elected president of the republic (1976 and 1981), defeated radical, leftist military groups' revolutionary conspiracies.
       In the meantime, Portugal's scattered overseas empire experienced a precipitous and unprepared decolonization. One by one, the former colonies were granted and accepted independence—Guinea-Bissau (September 1974), Cape Verde Islands (July 1975), and Mozambique (July 1975). Portugal offered to turn over Macau to the People's Republic of China, but the offer was refused then and later negotiations led to the establishment of a formal decolonization or hand-over date of 1999. But in two former colonies, the process of decolonization had tragic results.
       In Angola, decolonization negotiations were greatly complicated by the fact that there were three rival nationalist movements in a struggle for power. The January 1975 Alvor Agreement signed by Portugal and these three parties was not effectively implemented. A bloody civil war broke out in Angola in the spring of 1975 and, when Portuguese armed forces withdrew and declared that Angola was independent on 11 November 1975, the bloodshed only increased. Meanwhile, most of the white Portuguese settlers from Angola and Mozambique fled during the course of 1975. Together with African refugees, more than 600,000 of these retornados ("returned ones") went by ship and air to Portugal and thousands more to Namibia, South Africa, Brazil, Canada, and the United States.
       The second major decolonization disaster was in Portugal's colony of East Timor in the Indonesian archipelago. Portugal's capacity to supervise and control a peaceful transition to independence in this isolated, neglected colony was limited by the strength of giant Indonesia, distance from Lisbon, and Portugal's revolutionary disorder and inability to defend Timor. In early December 1975, before Portugal granted formal independence and as one party, FRETILIN, unilaterally declared East Timor's independence, Indonesia's armed forces invaded, conquered, and annexed East Timor. Indonesian occupation encountered East Timorese resistance, and a heavy loss of life followed. The East Timor question remained a contentious international issue in the UN, as well as in Lisbon and Jakarta, for more than 20 years following Indonesia's invasion and annexation of the former colony of Portugal. Major changes occurred, beginning in 1998, after Indonesia underwent a political revolution and allowed a referendum in East Timor to decide that territory's political future in August 1999. Most East Timorese chose independence, but Indonesian forces resisted that verdict until
       UN intervention in September 1999. Following UN rule for several years, East Timor attained full independence on 20 May 2002.
       Consolidation of Democracy, 1976-2000
       After several free elections and record voter turnouts between 25 April 1975 and June 1976, civil war was averted and Portugal's second democratic republic began to stabilize. The MFA was dissolved, the military were returned to the barracks, and increasingly elected civilians took over the government of the country. The 1976 Constitution was revised several times beginning in 1982 and 1989, in order to reempha-size the principle of free enterprise in the economy while much of the large, nationalized sector was privatized. In June 1976, General Ram-alho Eanes was elected the first constitutional president of the republic (five-year term), and he appointed socialist leader Dr. Mário Soares as prime minister of the first constitutional government.
       From 1976 to 1985, Portugal's new system featured a weak economy and finances, labor unrest, and administrative and political instability. The difficult consolidation of democratic governance was eased in part by the strong currency and gold reserves inherited from the Estado Novo, but Lisbon seemed unable to cope with high unemployment, new debt, the complex impact of the refugees from Africa, world recession, and the agitation of political parties. Four major parties emerged from the maelstrom of 1974-75, except for the Communist Party, all newly founded. They were, from left to right, the Communists (PCP); the Socialists (PS), who managed to dominate governments and the legislature but not win a majority in the Assembly of the Republic; the Social Democrats (PSD); and the Christian Democrats (CDS). During this period, the annual growth rate was low (l-2 percent), and the nationalized sector of the economy stagnated.
       Enhanced economic growth, greater political stability, and more effective central government as of 1985, and especially 1987, were due to several developments. In 1977, Portugal applied for membership in the European Economic Community (EEC), now the European Union (EU) since 1993. In January 1986, with Spain, Portugal was granted membership, and economic and financial progress in the intervening years has been significantly influenced by the comparatively large investment, loans, technology, advice, and other assistance from the EEC. Low unemployment, high annual growth rates (5 percent), and moderate inflation have also been induced by the new political and administrative stability in Lisbon. Led by Prime Minister Cavaco Silva, an economist who was trained abroad, the PSD's strong organization, management, and electoral support since 1985 have assisted in encouraging economic recovery and development. In 1985, the PSD turned the PS out of office and won the general election, although they did not have an absolute majority of assembly seats. In 1986, Mário Soares was elected president of the republic, the first civilian to hold that office since the First Republic. In the elections of 1987 and 1991, however, the PSD was returned to power with clear majorities of over 50 percent of the vote.
       Although the PSD received 50.4 percent of the vote in the 1991 parliamentary elections and held a 42-seat majority in the Assembly of the Republic, the party began to lose public support following media revelations regarding corruption and complaints about Prime Minister Cavaco Silva's perceived arrogant leadership style. President Mário Soares voiced criticism of the PSD's seemingly untouchable majority and described a "tyranny of the majority." Economic growth slowed down. In the parliamentary elections of 1995 and the presidential election of 1996, the PSD's dominance ended for the time being. Prime Minister Antônio Guterres came to office when the PS won the October 1995 elections, and in the subsequent presidential contest, in January 1996, socialist Jorge Sampaio, the former mayor of Lisbon, was elected president of the republic, thus defeating Cavaco Silva's bid. Young and popular, Guterres moved the PS toward the center of the political spectrum. Under Guterres, the PS won the October 1999 parliamentary elections. The PS defeated the PSD but did not manage to win a clear, working majority of seats, and this made the PS dependent upon alliances with smaller parties, including the PCP.
       In the local elections in December 2001, the PSD's criticism of PS's heavy public spending allowed the PSD to take control of the key cities of Lisbon, Oporto, and Coimbra. Guterres resigned, and parliamentary elections were brought forward from 2004 to March 2002. The PSD won a narrow victory with 40 percent of the votes, and Jose Durão Barroso became prime minister. Having failed to win a majority of the seats in parliament forced the PSD to govern in coalition with the right-wing Popular Party (PP) led by Paulo Portas. Durão Barroso set about reducing government spending by cutting the budgets of local authorities, freezing civil service hiring, and reviving the economy by accelerating privatization of state-owned enterprises. These measures provoked a 24-hour strike by public-sector workers. Durão Barroso reacted with vows to press ahead with budget-cutting measures and imposed a wage freeze on all employees earning more than €1,000, which affected more than one-half of Portugal's work force.
       In June 2004, Durão Barroso was invited by Romano Prodi to succeed him as president of the European Commission. Durão Barroso accepted and resigned the prime ministership in July. Pedro Santana Lopes, the leader of the PSD, became prime minister. Already unpopular at the time of Durão Barroso's resignation, the PSD-led government became increasingly unpopular under Santana Lopes. A month-long delay in the start of the school year and confusion over his plan to cut taxes and raise public-sector salaries, eroded confidence even more. By November, Santana Lopes's government was so unpopular that President Jorge Sampaio was obliged to dissolve parliament and hold new elections, two years ahead of schedule.
       Parliamentary elections were held on 20 February 2005. The PS, which had promised the electorate disciplined and transparent governance, educational reform, the alleviation of poverty, and a boost in employment, won 45 percent of the vote and the majority of the seats in parliament. The leader of the PS, José Sôcrates became prime minister on 12 March 2005. In the regularly scheduled presidential elections held on 6 January 2006, the former leader of the PSD and prime minister, Aníbal Cavaco Silva, won a narrow victory and became president on 9 March 2006. With a mass protest, public teachers' strike, and street demonstrations in March 2008, Portugal's media, educational, and social systems experienced more severe pressures. With the spreading global recession beginning in September 2008, Portugal's economic and financial systems became more troubled.
       Owing to its geographic location on the southwestern most edge of continental Europe, Portugal has been historically in but not of Europe. Almost from the beginning of its existence in the 12th century as an independent monarchy, Portugal turned its back on Europe and oriented itself toward the Atlantic Ocean. After carving out a Christian kingdom on the western portion of the Iberian peninsula, Portuguese kings gradually built and maintained a vast seaborne global empire that became central to the way Portugal understood its individuality as a nation-state. While the creation of this empire allows Portugal to claim an unusual number of "firsts" or distinctions in world and Western history, it also retarded Portugal's economic, social, and political development. It can be reasonably argued that the Revolution of 25 April 1974 was the most decisive event in Portugal's long history because it finally ended Portugal's oceanic mission and view of itself as an imperial power. After the 1974 Revolution, Portugal turned away from its global mission and vigorously reoriented itself toward Europe. Contemporary Portugal is now both in and of Europe.
       The turn toward Europe began immediately after 25 April 1974. Portugal granted independence to its African colonies in 1975. It was admitted to the European Council and took the first steps toward accession to the European Economic Community (EEC) in 1976. On 28 March 1977, the Portuguese government officially applied for EEC membership. Because of Portugal's economic and social backwardness, which would require vast sums of EEC money to overcome, negotiations for membership were long and difficult. Finally, a treaty of accession was signed on 12 June 1985. Portugal officially joined the EEC (the European Union [EU] since 1993) on 1 January 1986. Since becoming a full-fledged member of the EU, Portugal has been steadily overcoming the economic and social underdevelopment caused by its imperial past and is becoming more like the rest of Europe.
       Membership in the EU has speeded up the structural transformation of Portugal's economy, which actually began during the Estado Novo. Investments made by the Estado Novo in Portugal's economy began to shift employment out of the agricultural sector, which, in 1950, accounted for 50 percent of Portugal's economically active population. Today, only 10 percent of the economically active population is employed in the agricultural sector (the highest among EU member states); 30 percent in the industrial sector (also the highest among EU member states); and 60 percent in the service sector (the lowest among EU member states). The economically active population numbers about 5,000,000 employed, 56 percent of whom are women. Women workers are the majority of the workforce in the agricultural and service sectors (the highest among the EU member states). The expansion of the service sector has been primarily in health care and education. Portugal has had the lowest unemployment rates among EU member states, with the overall rate never being more than 10 percent of the active population. Since joining the EU, the number of employers increased from 2.6 percent to 5.8 percent of the active population; self-employed from 16 to 19 percent; and employees from 65 to 70 percent. Twenty-six percent of the employers are women. Unemployment tends to hit younger workers in industry and transportation, women employed in domestic service, workers on short-term contracts, and poorly educated workers. Salaried workers earn only 63 percent of the EU average, and hourly workers only one-third to one-half of that earned by their EU counterparts. Despite having had the second highest growth of gross national product (GNP) per inhabitant (after Ireland) among EU member states, the above data suggest that while much has been accomplished in terms of modernizing the Portuguese economy, much remains to be done to bring Portugal's economy up to the level of the "average" EU member state.
       Membership in the EU has also speeded up changes in Portuguese society. Over the last 30 years, coastalization and urbanization have intensified. Fully 50 percent of Portuguese live in the coastal urban conurbations of Lisbon, Oporto, Braga, Aveiro, Coimbra, Viseu, Évora, and Faro. The Portuguese population is one of the oldest among EU member states (17.3 percent are 65 years of age or older) thanks to a considerable increase in life expectancy at birth (77.87 years for the total population, 74.6 years for men, 81.36 years for women) and one of the lowest birthrates (10.59 births/1,000) in Europe. Family size averages 2.8 persons per household, with the strict nuclear family (one or two generations) in which both parents work being typical. Common law marriages, cohabitating couples, and single-parent households are more and more common. The divorce rate has also increased. "Youth Culture" has developed. The young have their own meeting places, leisure-time activities, and nightlife (bars, clubs, and discos).
       All Portuguese citizens, whether they have contributed or not, have a right to an old-age pension, invalidity benefits, widowed persons' pension, as well as payments for disabilities, children, unemployment, and large families. There is a national minimum wage (€385 per month), which is low by EU standards. The rapid aging of Portugal's population has changed the ratio of contributors to pensioners to 1.7, the lowest in the EU. This has created deficits in Portugal's social security fund.
       The adult literacy rate is about 92 percent. Illiteracy is still found among the elderly. Although universal compulsory education up to grade 9 was achieved in 1980, only 21.2 percent of the population aged 25-64 had undergone secondary education, compared to an EU average of 65.7 percent. Portugal's higher education system currently consists of 14 state universities and 14 private universities, 15 state polytechnic institutions, one Catholic university, and one military academy. All in all, Portugal spends a greater percentage of its state budget on education than most EU member states. Despite this high level of expenditure, the troubled Portuguese education system does not perform well. Early leaving and repetition rates are among the highest among EU member states.
       After the Revolution of 25 April 1974, Portugal created a National Health Service, which today consists of 221 hospitals and 512 medical centers employing 33,751 doctors and 41,799 nurses. Like its education system, Portugal's medical system is inefficient. There are long waiting lists for appointments with specialists and for surgical procedures.
       Structural changes in Portugal's economy and society mean that social life in Portugal is not too different from that in other EU member states. A mass consumption society has been created. Televisions, telephones, refrigerators, cars, music equipment, mobile phones, and personal computers are commonplace. Sixty percent of Portuguese households possess at least one automobile, and 65 percent of Portuguese own their own home. Portuguese citizens are more aware of their legal rights than ever before. This has resulted in a trebling of the number of legal proceeding since 1960 and an eight-fold increase in the number of lawyers. In general, Portuguese society has become more permissive and secular; the Catholic Church and the armed forces are much less influential than in the past. Portugal's population is also much more culturally, religiously, and ethnically diverse, a consequence of the coming to Portugal of hundreds of thousands of immigrants, mainly from former African colonies.
       Portuguese are becoming more cosmopolitan and sophisticated through the impact of world media, the Internet, and the World Wide Web. A prime case in point came in the summer and early fall of 1999, with the extraordinary events in East Timor and the massive Portuguese popular responses. An internationally monitored referendum in East Timor, Portugal's former colony in the Indonesian archipelago and under Indonesian occupation from late 1975 to summer 1999, resulted in a vote of 78.5 percent for rejecting integration with Indonesia and for independence. When Indonesian prointegration gangs, aided by the Indonesian military, responded to the referendum with widespread brutality and threatened to reverse the verdict of the referendum, there was a spontaneous popular outpouring of protest in the cities and towns of Portugal. An avalanche of Portuguese e-mail fell on leaders and groups in the UN and in certain countries around the world as Portugal's diplomats, perhaps to compensate for the weak initial response to Indonesian armed aggression in 1975, called for the protection of East Timor as an independent state and for UN intervention to thwart Indonesian action. Using global communications networks, the Portuguese were able to mobilize UN and world public opinion against Indonesian actions and aided the eventual independence of East Timor on 20 May 2002.
       From the Revolution of 25 April 1974 until the 1990s, Portugal had a large number of political parties, one of the largest Communist parties in western Europe, frequent elections, and endemic cabinet instability. Since the 1990s, the number of political parties has been dramatically reduced and cabinet stability increased. Gradually, the Portuguese electorate has concentrated around two larger parties, the right-of-center Social Democrats (PSD) and the left-of-center Socialist (PS). In the 1980s, these two parties together garnered 65 percent of the vote and 70 percent of the seats in parliament. In 2005, these percentages had risen to 74 percent and 85 percent, respectively. In effect, Portugal is currently a two-party dominant system in which the two largest parties — PS and PSD—alternate in and out of power, not unlike the rotation of the two main political parties (the Regenerators and the Historicals) during the last decades (1850s to 1880s) of the liberal constitutional monarchy. As Portugal's democracy has consolidated, turnout rates for the eligible electorate have declined. In the 1970s, turnout was 85 percent. In Portugal's most recent parliamentary election (2005), turnout had fallen to 65 percent of the eligible electorate.
       Portugal has benefited greatly from membership in the EU, and whatever doubts remain about the price paid for membership, no Portuguese government in the near future can afford to sever this connection. The vast majority of Portuguese citizens see membership in the EU as a "good thing" and strongly believe that Portugal has benefited from membership. Only the Communist Party opposed membership because it reduces national sovereignty, serves the interests of capitalists not workers, and suffers from a democratic deficit. Despite the high level of support for the EU, Portuguese voters are increasingly not voting in elections for the European Parliament, however. Turnout for European Parliament elections fell from 40 percent of the eligible electorate in the 1999 elections to 38 percent in the 2004 elections.
       In sum, Portugal's turn toward Europe has done much to overcome its backwardness. However, despite the economic, social, and political progress made since 1986, Portugal has a long way to go before it can claim to be on a par with the level found even in Spain, much less the rest of western Europe. As Portugal struggles to move from underde-velopment, especially in the rural areas away from the coast, it must keep in mind the perils of too rapid modern development, which could damage two of its most precious assets: its scenery and environment. The growth and future prosperity of the economy will depend on the degree to which the government and the private sector will remain stewards of clean air, soil, water, and other finite resources on which the tourism industry depends and on which Portugal's world image as a unique place to visit rests. Currently, Portugal is investing heavily in renewable energy from solar, wind, and wave power in order to account for about 50 percent of its electricity needs by 2010. Portugal opened the world's largest solar power plant and the world's first commercial wave power farm in 2006.
       An American documentary film on Portugal produced in the 1970s described this little country as having "a Past in Search of a Future." In the years after the Revolution of 25 April 1974, it could be said that Portugal is now living in "a Present in Search of a Future." Increasingly, that future lies in Europe as an active and productive member of the EU.

    Historical dictionary of Portugal > Historical Portugal

  • 12 interest

    ['intrəst, ]( American[) 'intərist] 1. noun
    1) (curiosity; attention: That newspaper story is bound to arouse interest.) interesse
    2) (a matter, activity etc that is of special concern to one: Gardening is one of my main interests.) interesse
    3) (money paid in return for borrowing a usually large sum of money: The (rate of) interest on this loan is eight per cent; ( also adjective) the interest rate.) rente; rente-
    4) ((a share in the ownership of) a business firm etc: He bought an interest in the night-club.) andel
    5) (a group of connected businesses which act together to their own advantage: I suspect that the scheme will be opposed by the banking interest (= all the banks acting together).) interessegruppe
    2. verb
    1) (to arouse the curiosity and attention of; to be of importance or concern to: Political arguments don't interest me at all.) interessere
    2) ((with in) to persuade to do, buy etc: Can I interest you in (buying) this dictionary?) gøre interesseret i
    •
    - interesting
    - interestingly
    - in one's own interest
    - in one's interest
    - in the interests of
    - in the interest of
    - lose interest
    - take an interest
    * * *
    ['intrəst, ]( American[) 'intərist] 1. noun
    1) (curiosity; attention: That newspaper story is bound to arouse interest.) interesse
    2) (a matter, activity etc that is of special concern to one: Gardening is one of my main interests.) interesse
    3) (money paid in return for borrowing a usually large sum of money: The (rate of) interest on this loan is eight per cent; ( also adjective) the interest rate.) rente; rente-
    4) ((a share in the ownership of) a business firm etc: He bought an interest in the night-club.) andel
    5) (a group of connected businesses which act together to their own advantage: I suspect that the scheme will be opposed by the banking interest (= all the banks acting together).) interessegruppe
    2. verb
    1) (to arouse the curiosity and attention of; to be of importance or concern to: Political arguments don't interest me at all.) interessere
    2) ((with in) to persuade to do, buy etc: Can I interest you in (buying) this dictionary?) gøre interesseret i
    •
    - interesting
    - interestingly
    - in one's own interest
    - in one's interest
    - in the interests of
    - in the interest of
    - lose interest
    - take an interest

    English-Danish dictionary > interest

  • 13 exposure

    •• Exposure exposing or being exposed to air or cold or danger, etc. (Oxford American Dictionary).

    •• Известен пример с предложением He died of exposure. Слово exposure употребляется здесь в значении (Новый БАРС) подвергание внешнему воздействию (хоть и неуклюже сказано, но лучше, может быть, не придумаешь). Oxford American Dictionary предлагает такое определение exposing or being exposed to air or cold or danger, etc. Вот именно, etc.! Ведь если не знать, где и когда человек умер (в пустыне? на Северном полюсе? в средней полосе? ночью? в полдень? и т.д.), то перевести совершенно невозможно. Нужен контекст.
    •• Но слово exposure может задать переводчику загадки и другого рода. Во всяком случае, в предлагаемых ниже примерах переводчику вряд ли помогут «словарные значения» типа разоблачение, выдержка, экспозиция, обнажение, которые можно найти в большинстве словарей. Even after his prison term for rape and his subsequent exposure as an ordinary fighter, Tyson still fascinates the public (Time). Здесь значение слова exposure настолько широкое, что, кажется, оно десемантизировалось – по остроумному выражению В.Г.Гака, подверглось семантическому «опустошению». Мало этого, как видно из словарного определения, exposure значит и exposing, и being exposed. Впрочем, опытному переводчику в данном случае не составит труда найти подходящее русское слово (например, выступление) – ведь смысл предложения абсолютно ясен из контекста. Слово exposure, кстати говоря, совсем не книжное. Вот цитата из записи выступления Билла Гейтса (опубликовано в журнале Fortune): I was lucky enough when I was quite young to have an exposure to computers... Вспомним совет: нередко в переводе слов с широкой семантикой подходят слова также с широкой семантикой: Мне повезло: еще совсем молодым я познакомился с компьютерами... (русское познакомиться действительно сильно десемантизируется).
    •• Сложнее обстоит дело в другом примере: Uralmash offers exposure to a large asset base but it has only just begun to restructure (из аналитического материала для инвесторов, подготовленного инвестиционной компанией Merrill Lynch). Думаю, что и здесь употреблено удобное, но семантически «опустошенное» слово. В переводе оно может просто исчезнуть, например: Уралмаш обладает мощной базой основных фондов. Можно все-таки попробовать проникнуть в смысл выражения offers exposure: Уралмаш дает инвестору доступ к значительным основным фондам. А вот то же слово (и тоже в экономическом контексте), но уже в «отрицательном» смысле: What assets the banks do have could be wiped out thanks to their exposure to so-called “dollar forward contracts” signed with Western banks (журнал Time о положении российских банков в связи с угрозой девальвации). Оно может быть передано с использованием слов ответственность или риск: Те реальные активы, которыми банки действительно обладают, могут исчезнуть вследствие ответственности банков по так называемым форвардным долларовым контрактам, заключенным с западными банками/Банки подвергли свои активы колоссальному риску, заключив так называемые долларовые форвардные контракты с западными банками.
    •• * Exposure – одно из тех английских слов, которые можно разбирать бесконечно. В «Моем несистематическом словаре» приводятся примеры, при переводе которых возникают контекстуальные варианты. Можно привести и множество других аналогичных примеров. Разумеется, двуязычный словарь не может включать большое количество контекстуальных переводов. Но варианты более или менее закономерные, которые могут пригодиться переводчику довольно часто, надо включать. Для слова exposure одним из таких вариантов (в рамках значения the condition of being subject to a force or influence) является русское контакт. Вот пример из статьи в New York Times о распространении эпидемии атипичной пневмонии в Канаде:
    •• For two weeks the tone of health care officials and local news media coverage had been increasingly upbeat that the disease was largely contained to a fixed number of people linked to a single chain of exposures beginning at one hospital.
    •• Один из последующих абзацев подтверждает, что exposure и contact в данном случае синонимичны:
    •• The new cluster originated when one member of the group contracted the virus at Scarborough Grace Hospital, where the entire Ontario outbreak began, and he passed it on to members of his family. He died and several group members were apparently infected at his funeral, where they came into contact with the man’s sick relatives before they were put in quarantine.
    •• Кстати, стоит обратить внимание на закрепившееся соответствие:
    •• SARS – Severe Acute Respiratory Syndrome – синдром атипичной пневмонии.
    •• Чаще по-русски говорят просто атипичная пневмония. Это тот случай, когда при одновременном появлении или открытии какого-либо явления в разных странах речь идет не столько о переводе с одного языка на другой, сколько о назывании (именовании) данного явления в соответствии с терминологическими традициями данного языка. В этом случае возможно существенное расхождение.

    English-Russian nonsystematic dictionary > exposure

  • 14 discount

    1. сущ.
    1)
    а) торг. скидка (с цены), ценовая скидка (денежная сумма или процент, на который поставщик снижает стандартную цену товара или услуги; напр., снижение стандартной цены товара в рамках кампании по стимулированию сбыта или снижение прейскурантной цены в качестве вознаграждения за быстрый или наличный платеж, за покупку в большом количестве и т. п.; также снижение стандартного тарифа на услуги для клиентов, удовлетворяющих определенным требованиям, напр., уменьшение величины страховой премии в связи с особенностями данного риска, отсутствием аварий или других страховых случаев в течение определенного времени, либо уменьшение стоимости туристической путевки при приобретении общей путевки для группы лиц и т. п.)

    ATTRIBUTES:

    one-time discount — единовременная [разовая\] скидка

    COMBS:

    discount in the amount of— скидка в сумме

    At the purchase of 6-10 titles you will obtain the discount in the amount of 5%.

    discount of $125, $125 discount — скидка в размере 125 долл.

    10% discount, discount of 10% — скидка в размере 10%, десятипроцентная скидка

    1% discount for cash — скидка 1% за расчет наличными

    15% discount for quantity purchases — 15-процентная скидка за покупку в большом количестве

    less discount of 5% — со сидкой в 5%, за вычетом 5%

    A discount of up to 40% may apply to Physical Damage Coverage for your boat, if the boat is less than 11 years old.

    a discount of 10 to 40 percent — скидка (в размере) от 10% до 40%

    a discount (of) between 10% and 20% — скидка (в размере) от 10% до 20%, скидка между 10% и 20%

    discount on [below, to, off, from\] — скидка с (цены, тарифной ставки)

    50% discount below the normal retail price — 50% скидка с обычной розничной цены

    You can get 50% discount off the regular ticket price!

    Click here to order this book at a discount from the regular list price.

    discount on (smth.) — скидка на (что-л.)

    Members will receive special discounts on all products. — Участники получат специальные скидки на все товары.

    special discount to students, special students discounts — специальные скидки для студентов, специальные скидки студентам, специальные студенческие скидки

    50% discount for children under 12 — 50% скидка для детей в возрасте до 12 лет

    to give [to grant, to allow\] a discount — предоставить скидку

    Discounts are given for quantity purchases.

    First, they commit all participants to grant discounts of the same type to buyers who meet the same conditions of eligibility.

    The producer usually establishes a list price and then allows discounts from it to various types of intermediate customers.

    Later in the century, as competition for customers increased, some booksellers offered discounts of 20 percent and more.

    to get [to receive, to obtain\] a discount — получить скидку

    Club members get special discount off the normal rates. — Члены клуба получают специальную скидку с обычных тарифов.

    He received cash discount of 3%. — Он получил скидку в размере 3% за оплату наличными.

    to earn a discount — получить [заслужить, заработать\] скидку

    When purchases must be placed within a specified period to earn a discount, the prospective contractor must indicate the required time period.

    Those who purchase for cash are allowed a discount of 2%, while those who pay within one month can claim a discount of 1%.

    to ask for a discount — просить [требовать\] скидку, обращаться за скидкой

    If you're going to pay cash, ask for a discount.

    It could be very useful to be able to negotiate a discount for cash if you are buying luxury items like a fur coat or an expensive piece of jewellery.

    Large volume orders may be subject to a discount. — Крупные заказы могут подлежать скидке. [По крупным заказам может предоставляться скидка.\]

    to qualify for a discount — иметь право на скидку; получить право на скидку; давать право на скидку

    To qualify for discount all orders must be received by 30th June. — Чтобы иметь право на скидку, все заказы должны быть получены до 30 июня.

    to be eligible for [to be entitled to\] a discount — иметь право на скидку

    Find out if you are entitled to a discount. — Выясните, имеете ли вы право на скидку.

    to lose a discount — терять скидку, терять право на скидку

    This means that you can make 1 claim in any year or 2 claims in any 3-year period, and you won't lose the discount earned for your previous years of safe driving. — Это означает, что вы можете предъявить одно требование в течение любого года или два требования в течение любого трехлетнего периода, и вы не потеряете скидку, заработанную за предыдущие года безопасного вождения.

    To find the sale price of the item, you calculate the discount and subtract the discount from the original price.

    to reduce/to increase discount — уменьшать/увеличивать скидку

    ThyssenKrupp Nirosta reduces cash discount.

    Under the Local Government Act 2003, all District Councils have been allowed to reduce their Council Tax discount on second homes from 50% to 10%.

    American Airlines also has increased its discount from 21 percent to 22 percent on all domestic fares and international full fares.

    They've increased the tax discount on the house.

    Syn:
    rebate 1. 1), reduction 1. 2) б)
    Ant:
    See:
    advertising discount, aggregated discount, bulk discount а), bulk purchase discount, cash discount, chain discount, commercial discount, cumulative discount, deep discount 2) а), deferred discount, discount allowed, discount earned, discount for cash, discount for cash payment, discount for early payment, discount for paying cash, discount for prompt payment, discount for quantity, discount for quantity purchases, discount from price, discount on price, discount received, discounts lost, early payment discount, functional discount, group discount 1) а), insurance discount, insurance premium discount, invoice discount 1) а), long discount, lost discounts, loyalty discount, net name discount, noncumulative discount, off-invoice discount, patronage discount, premium discount, prepayment discount, price discount а), prompt payment discount, purchase discount, quantity discount, quantity purchase discount, renewal discount, retail discount, retro discount, retrodiscount, retrospective discount, sales discount, series discount 1) а), short discount, special discount, staff discount, trade discount, trade-in discount, unearned discount а), volume discount, wholesale discount, amount of discount, discount amount а), discount broker а), discount brokerage, discount card, discount chain, discount coupon, discount drugstore, discount fare, discount goods, discount house 2) а), discount loss, discount market 2) а), discount merchandiser, discount period 1) а), discount policy 1) а), discount price, discount pricing, discount retailer, discount retailing, discount sale, discount scale, discount series, discount schedule, discount store, discount supermarket, discount table, discount terms, percentage of discount, scale of discounts, table of discounts, allowance 1. 3) discounted price а), discounted goods, premium price а), trade credit, EOM, ROG, discounter б), discountable 2) б), regular price, list price, off-price product, at a discount 1) а) IDIOM: five-finger discount
    б) фин., бирж. дисконт (сумма, на которую номинал или цена погашения ценной бумаги больше цены ее первоначального размещения или текущей рыночной цены)

    ATTRIBUTES:

    accrued 2), amortizable 2) б)

    deep discount — глубокий дисконт, значительный дисконт*

    COMBS:

    discount in the amount of— дисконт в сумме

    discount of $125, $125 discount — дисконт в размере 125 долл.

    As a result, X treats the loan as having original issue discount in the amount of $130000.

    10% discount, discount of 10% — дисконт в размере 10%, десятипроцентный дисконт

    For example, if a $1000 par bond was bought at a discount of $900, at maturity there would be a $100 gain.

    a discount of 10 to 40 percent — дисконт (в размере) от 10% до 40%

    a discount (of) between 10% and 20% — скидка (в размере) от 10% до 20%, скидка между 10% и 20%

    discount on [below, to, off, from\] — дисконт к (цене, номиналу), дисконт с [от\] (цены, номинала)

    Coupons are sold at a discount to maturity value.

    The Company amortizes any discount or premium as part of interest expense on the related debt using the effective interest method.

    Although the issuer will calculate original issue discount, if any, based on its determination of the accrual periods, a bondholder may, subject to some restrictions, elect other accrual periods.

    All taxable discount securities, including Corporate and Government Bonds, Federal STRIPs, Eurobonds, and Taxable Municipal securities.

    Ant:
    See:
    в) фин., банк. дисконт, скидка (разница между номиналом векселя и суммой, получаемой векселедержателем при учете векселя до наступления срока его погашения)
    See:
    г) фин., бирж. дисконт, скидка (отклонение в меньшую сторону от официального курса валюты, т. е. ситуация, когда цена одной валюты занижена по отношению к цене другой валюты, напр., франк может продаваться со скидкой к фунту)
    д) фин., банк. дисконт (разница между базовой согласованной суммой кредита и суммой, фактически получаемой заемщиком; в обычных дисконтных кредитах соответствует величине процентов, подлежащих уплате по кредиту; в некоторых кредитах из базовой суммы кредита могут вычитаться дисконтные пункты или другие единовременные вознаграждения и комиссионные, причитающиеся кредитору)
    See:
    е) фин. дисконт, скидка (при оценке стоимости предприятия или крупных пакетов акций: разница, на которую фактически согласованная цена предприятия/пакета акций меньше базовой рыночной цены; такой дисконт может использоваться в качестве компенсации за узость вторичного рынка для акций, недостаточный размер продаваемого пакета акций для приобретения контроля за предприятием и т. п.)
    See:
    ж) фин. скидка, дисконт (в самом общем смысле: сумма, на которую уменьшена базовая стоимость или другая базовая величина)
    Ant:
    See:
    2) банк., фин. учет, операция по учету [по дисконту\] (операция, в ходе которой банк или другое финансовое учреждение выкупает вексель или иное долговое обязательство у его держателя по цене, равной номиналу долгового обязательства за вычетом вознаграждения за оставшийся до погашения срок, напр., вексель с номиналом в 100 долл. может продаваться за 90 долл.; впоследствии банк взыскивает полную номинальную стоимость долгового обязательства с лица, выписавшего это долговое обязательство)
    Syn:
    See:
    3) фин. дисконтирование (определение текущей стоимости актива или текущей стоимости будущих потоков доходов и расходов)
    Syn:
    See:
    4)
    а) торг. процент скидки (величина скидки, выраженная в процентах к цене)
    Syn:
    б) фин. учетная ставка; ставка дисконта [дисконтирования\]
    Syn:
    discount rate 1) а), 1) а), 2) а)
    See:
    2. гл.
    1) торг. предоставлять [делать\] скидку, снижать цену (уменьшать обычную прейскурантную цену для покупателя, приобретающего значительное количество товара, рассчитывающегося наличными и т. п.); продавать со скидкой (уценивать товары, уменьшать цену продаваемых товаров)

    The shop discounted goods. — Магазин сделал скидку на товары.

    to discount from [off\] price — сделать скидку с цены

    to discount (by) 10% — делать скидку в размере 10%

    Companies discount their goods by 10%-75% only to sell more volume. — Компании предоставляют скидку на свои товары в размере 10-75% [компании снижают цену своих товаров на 10-75%\] только для того, чтобы увеличить объем продаж.

    If an item has not sold within two weeks the store discounts the item by 25% for the third week, 50% for the fourth week, and 75% for the fifth week. — Если предмет не продается в течении двух недель, то в течение третьей недели предмет предлагается со скидкой в 25%, в течение четвертой — со скидкой 50%, а в течение пятой — со скидкой 75%.

    All items were discounted about 20% from the suggested list prices. — Цена всех товаров была снижена на 20% по сравнению с рекомендованной прейскурантной ценой.

    The company discounted prices on its products. — Компания сделала скидку с цены на свои товары.

    United discounts the fare by 50%. — "Юнайтед" делает скидку с тарифа в размере 50%.

    The one-way fares are now discounted 15% off regular fares. — Стоимость проезда в один конец в настоящее время снижена на 15% по сравнению с обычными тарифами.

    This interest rate is discounted from the published bank standard variable rate for an agreed period from the start of the mortgage. — Эта процентная ставка снижена по сравнению с опубликованной стандартной плавающей процентной ставкой банка на оговоренный период, считая от начала действия ипотечного кредита.

    discounted mortgage — ипотека с дисконтом*, дисконтная ипотека*

    discounted period — период скидки [скидок\]*, период действия скидки*

    discounted price — цена со скидкой [с дисконтом\], дисконтная цена

    See:
    2) фин., банк. учитывать
    а) (приобретать векселя или счета-фактуры по цене ниже их номинала, т. е. с дисконтом, с целью последующего взыскания суммы долга с должника)

    to discount at the rate of 10% — учитывать по ставке 10%

    In the same way, circumstances often forced discount houses themselves to discount fine trade bills at the rate for fine bank bills. — Точно также, обстоятельства часто вынуждают сами дисконтные дома учитывать первоклассные торговые векселя по ставке, установленной для первоклассных банковских векселей.

    The Federal Reserve was given the right to discount “eligible paper” for member banks, that is lend money to the banks on the basis of the commercial paper arising from loan transactions with their customers. — Федеральной резервной системе было предоставлено право учитывать "приемлемые бумаги" для банков-членов, т. е. давать банкам деньги взаймы на базе коммерческих бумаг, возникающих в связи с кредитными операциями с их клиентами.

    б) (продавать векселя или счета-фактуры по цене ниже их номинала специализированному финансовому учреждению)

    to discount the note at 10% — учитывать долговое обязательство под 10%

    The company discounted the note at a bank at 10%. — Компания учла долговое обязательство в банке под 10%.

    If the vendor receives a note, he may discount it at the bank. — Если торговец получает простой вексель, он может учесть его в банке.

    to get a bill discounted — учесть вексель, произвести учет векселя

    See:
    3) фин., банк. предоставлять дисконтный заем* (получать проценты вперед при даче денег взаймы, т. е. выдавать заемщику не полную оговоренную сумму кредита, а ее часть, оставшуюся после вычета определенного дисконта, и взамен сокращать или аннулировать процентную ставку на весь или часть срока кредита; употребляется всегда с дополнением в виде названия кредита)

    to discount the loan — предоставлять дисконтный заем, делать заем дисконтным

    Negotiate the terms of the loan ( amount, interest rates) first and then lender discounts the loan by charging a fee which will be deducted from the loan amount before being dispersed to the borrower. — Договоритесь об условиях кредитования (сумма, процентные ставки) и потом кредитор сделает заем дисконтным путем взимания платы, которая будет вычтена из суммы займа перед выдачей заемщику.

    See:

    to discount at a rate of 10% — дисконтировать по ставке 10%

    Discount future cash flows to the present using the firm's cost of capital. — Приведите будущие денежные потоки к текущей стоимости, используя стоимость капитала фирмы.

    To adjust for the time value of money, we discounted future costs to present value. — Чтобы осуществить корректировку на временную стоимость денег, мы привели будущие затраты к текущей стоимости.

    We discount future cash flows by an interest rate that has been adjusted for risk. — Мы дисконтируем будущие денежные потоки, используя процентную ставку, скорректированную на риск.

    The taxpayer must continue to discount the unpaid losses attributable to proportional reinsurance from pre-1988 accident years using the discount factors that were used in determining tax reserves for the 1987 tax year. — Налогоплательщик должен продолжать дисконтировать неоплаченные убытки, относящиеся к пропорциональному перестрахованию за годы убытка, предшествующие 1988 г., используя коэффициенты дисконтирования, которые применялись при определении налоговых резервов на 1987 налоговый год.

    When comparing projects with different risk levels, it is best to discount each project's cash flows at its own discount rate and then compare the NPVs. — При сравнении проектов с разным уровнем риска, лучше всего произвести дисконтирование [продисконтировать\] денежные потоки каждого проекта по своей собственной ставке дисконтирования и затем сравнить чистую приведенную стоимость.

    discounted cash flow — дисконтированный [приведенный\] денежный поток

    discounted payback period — дисконтированный срок [период\] окупаемости

    See:
    5) общ. не принимать в расчет, игнорировать, пропускать, опускать; относиться скептически, не принимать на веру, сомневаться в правдивости

    to discount smb's opinion — игнорировать чье-л. мнение

    They discount my opinion. — Они не принимают в расчет мое мнение.

    We had already discounted the theory that they were involved. — Мы уже оставили идею об их причастности.

    By stressing one factor, each theory discounts the others. — Выделяя один фактор, каждая теория оставляет без внимания остальные.

    Democratic theory discounts the notion that allocation of scarce resources is the result of natural forces. — Демократическая теория игнорирует представление о том, что распределение редких ресурсов является результатом действия естественных сил.

    Knowing his political bias they discounted most of his story. — Зная о его политических пристрастиях, они сомневались в правдивости большей части его истории.

    Many people discount the value of statistical analysis. — Многие люди недооценивают статистический анализ.

    6) бирж. учитывать* (обычно используется в биржевом контексте, указывая на то, что плохие или хорошие новости о компании-эмитенте, отдельной отрасли, экономике в целом либо ожидания получения таких новостей учитываются участниками рынка при определении курсов ценных бумаг, вызывая соответственно понижение или повышение курсов)

    Many traders don't realize the news they hear and read has, in many cases, already been discounted by the market. — Многие трейдеры не осознают, что новости, о которых они услышали или прочитали, уже были учтены рынком.

    Technology stocks discounted a lot of bad news from abroad. — Акции технологических компаний отреагировали на обилие плохих новостей из-за границы.

    The bear market ends when at least most of the bad news is finally discounted by the market. — "Медвежий" рынок заканчивается, когда, по крайней мере, большая часть из плохих новостей наконец учитывается рынком.

    In the United States, the stock market double discounts expected inflation, first through long term bond yields and second through relative stock prices. — В Соединенных Штатах, фондовый рынок дважды учитывает ожидаемую инфляцию, во-первых, в доходности долгосрочных облигаций, а во-вторых, в ценах на соответствующие акции.

    These stock prices are discounting anticipated massive increases in profits for the S&P 500 companies in the future. — Цены акций учитывают ожидаемый в будущем массовый рост прибылей компаний, включаемых в расчет индекса "Стандард энд Пурз 500".

    Today’s prices are discounting all future events, not only today’s news. — Сегодняшние цены учитывают все будущие события, а не только сегодняшние новости.

    See:

    * * *
    discount (Dis; Disct) 1) дисконт, скидка: разница между ценой эмиссии ценной бумаги или кредита (номиналом или ценой погашения) и ее текущей рыночной ценой или разница между наличным и срочным валютными курсами; 2) учет векселей: операция купли-продажи векселей по номиналу минус вознаграждение за оставшийся до погашения срок (напр., вексель с номиналом в 100 долл. продается за 90 долл.); 3) скидка с цены товара (или возврат, напр., в качестве вознаграждения за быстрый или наличный платеж); см. cash discount; 4) учет информации об определенном событии в движении цен, ставок, в т. ч. до его наступления; 5) соотношение между двумя валютами; напр., франк может продаваться со скидкой к фунту; 6) определить текущую стоимость актива, который имеет определенную стоимость на определенную дату в будущем.
    * * *
    вычет (процентов); дисконт; скидка; учет (векселя), учетный процент
    . Относится к цене продажи облигации. Цена ниже номинальной стоимости. См. также Premium (премия) . (1) The amount a price would be reduced to purchase a commodity of lesser grade; (2) sometimes used to refer to the price differences between futures of different delivery months, as in the phrase "July is trading at a discount to May," indicating that the price of the July future is lower than that of May; (3) applied to cash grain prices that are below the futures price. Словарь экономических терминов .
    * * *
    особое условие договора купли-продажи, определяющее размер снижения (уменьшения) исходной (базисной) цены сделки
    -----
    Финансы/Кредит/Валюта
    1. учет векселя
    2. процент, взимаемый банками при учете векселей
    3. скидка с цены валюты в валютных сделках

    Англо-русский экономический словарь > discount

  • 15 European Committee for Banking Standards

    орг.
    сокр. ECBS банк. Европейский комитет по банковским стандартам (организация, основная цель которой — содействие упрочнению европейской банковской системы путем разработки стандартов банковской деятельности; создана в 1992 г. при участии трех европейских организаций: Европейской банковской федерации, Европейской ассоциации кооперативных банков, Европейской группы сберегательных банков)
    See:

    Англо-русский экономический словарь > European Committee for Banking Standards

  • 16 banking club

    банковский клуб, группировка: объединение банков, созданное для сотрудничества и взаимопомощи в международных операциях, обслуживании клиентов (создание совместных дочерних компаний и представительств в третьих странах, представление интересов друг друга, корреспондентские отношения, реклама и публикации, обмен опытом, объединениеинформационных и операционных систем); обычно объединяются однотипные банки нескольких стран; банки-члены сохраняют полную самостоятельность; см. Associated Banks' of Europe Corporation;
    European Banks' International Company S. A.;
    * * *

    Англо-русский экономический словарь > banking club

  • 17 interest

    'intrəst, ]( American) 'intərist
    1. noun
    1) (curiosity; attention: That newspaper story is bound to arouse interest.) interés
    2) (a matter, activity etc that is of special concern to one: Gardening is one of my main interests.) interés
    3) (money paid in return for borrowing a usually large sum of money: The (rate of) interest on this loan is eight per cent; (also adjective) the interest rate.) interés
    4) ((a share in the ownership of) a business firm etc: He bought an interest in the night-club.) participación
    5) (a group of connected businesses which act together to their own advantage: I suspect that the scheme will be opposed by the banking interest (= all the banks acting together).) grupo de intereses

    2. verb
    1) (to arouse the curiosity and attention of; to be of importance or concern to: Political arguments don't interest me at all.) interesar
    2) ((with in) to persuade to do, buy etc: Can I interest you in (buying) this dictionary?) interesar
    •
    - interesting
    - interestingly
    - in one's own interest
    - in one's interest
    - in the interests of
    - in the interest of
    - lose interest
    - take an interest
    1. interés
    2. afición
    interest2 vb interesar
    tr['ɪntrəst]
    ■ what are your interests? ¿cuáles son tus aficiones?
    3 (advantage, benefit) provecho, beneficio
    ■ it's in your own interest es por tu propio bien, es en tu propio beneficio
    4 SMALLCOMMERCE/SMALL (share, stake) participación nombre femenino, interés nombre masculino
    5 SMALLFINANCE/SMALL (money) interés nombre masculino, rédito
    ■ they pay interest at 10% on their mortgage pagan un interés del 10% sobre su hipoteca
    1 interesar
    ■ can I interest you in this catalogue? ¿le interesaría este catálogo?
    \
    SMALLIDIOMATIC EXPRESSION/SMALL
    to bear/earn/pay interest dar interés, devengar interés
    to lose interest in something perder interés en algo
    to take an interest in something interesarse por algo
    to repay something with interest devolver algo con creces
    interest group grupo de intereses
    vested interest (personal) interés nombre masculino (personal) 2 (legal) derecho adquirido
    interest ['ɪntrəst, -tə.rɛst] vt
    : interesar
    1) share, stake: interés m, participación f
    2) benefit: provecho m, beneficio m, interés m
    in the public interest: en el interés público
    3) charge: interés m, cargo m
    compound interest: interés compuesto
    4) curiosity: interés m, curiosidad f
    5) color: color m, interés m
    places of local interest: lugares de color local
    6) hobby: afición f
    n.
    • comodidad s.f.
    • interés (Economía) s.m.
    • logro s.m.
    • renta s.f.
    v.
    • interesar v.

    I 'ɪntrəst
    1)
    a) u ( felt by person) interés m

    interest IN somebody/something/-ING — interés en alguien/algo/+ inf

    I have no interest in getting to know them — no tengo ningún interés en conocerlos, no me interesa conocerlos

    to show (an) interest — demostrar* interés, mostrarse* interesado

    to take (an) interest in something/somebody — interesarse por algo/alguien

    b) c ( hobby) interés m
    2) u ( possessed by object) interés m

    is this of any interest to you? — ¿esto te interesa?

    3) c
    a) ( stake) participación f, intereses mpl
    b) ( advantage) (often pl) interés m

    to act in somebody's interest(s) — actuar* en beneficio de alguien

    4) u ( Fin) interés m

    to earn/charge interest of o at five per cent (per annum) — percibir/cobrar un interés del cinco por ciento (al año)

    to pay something/somebody back with interest: he repaid my affection with interest me devolvió con creces el cariño que le había dado; they'll pay me back with interest! me las van a pagar con creces!; (before n) interest rate — tasa f or (esp Esp) tipo m de interés


    II
    transitive verb interesar

    can I interest you in a raffle ticket? — ¿le puedo ofrecer un número de rifa?

    ['ɪntrɪst]
    1. N
    1) (=curiosity) interés m

    • to arouse sb's interest — despertar el interés de algn

    • to have an interest in sth — estar interesado en algo

    • to lose interest (in sth) — perder el interés (por or en algo)

    • of interest, the guidebook describes all the places of interest — la guía describe todos los lugares de interés

    is this of any interest to you? — ¿te interesa esto?

    • I'm doing it just out of interest — lo hago simplemente porque me interesa

    just out of interest, how much did it cost? — por simple curiosidad, ¿cuánto costó?

    • to show (an) interest (in sth/sb) — mostrar interés (por or en algo/por algn)

    • to take an interest in sth/sb — interesarse por or en algo/por algn

    2) (=hobby) interés m

    my main interest is reading — mi interés principal or mi pasatiempo favorito es la lectura

    what are your interests? — ¿qué cosas te interesan?

    special interest holidays — vacaciones fpl de grupos con un interés común

    3) (=profit, advantage) interés m

    • a conflict of interests — un conflicto de intereses

    • in sb's interest(s), it is in your own interest to confess — te conviene confesar

    • they acted in the best interests of their members — obraron en el mejor interés de sus miembros

    heart 1., 1), public 1., 2), vested
    4) (=share, stake) (gen) interés m ; (in company) participación f

    • he has business interests abroad — tiene negocios en el extranjero

    • to have a controlling/ financial interest in a company — tener una participación mayoritaria/tener acciones en una compañía

    • to have an interest in sth — (gen) tener interés or estar interesado en algo; (in company) tener participación en algo

    the West has an interest in promoting democracy there — Occidente tiene interés or está interesado en promover allí la democracia

    5) (Econ) (on loan, shares, savings) interés m

    • to bear interest — devengar or dar intereses

    it bears interest at 5% — devenga or da un interés del 5%

    • compound interest — interés m compuesto

    • to earn interest — cobrar intereses

    • the interest on an investment — los intereses de una inversión

    • simple interest — interés m simple

    • shares that yield a high interest — acciones fpl que rinden bien

    to repay sth/sb with interest —

    I repaid his bad manners with interest! — ¡le devolví los malos modales con creces!

    2. VT
    1) (=arouse interest) interesar

    it may interest you to know that... — puede que te interese saber que...

    can I interest you in a new car? — ¿estaría interesado en comprar un coche nuevo?

    2) (=concern) interesar
    3.
    CPD

    interest group N — grupo m de gente con un mismo interés

    interest payments NPL — pago m de intereses

    interest rate N — tipo m or tasa f de interés

    * * *

    I ['ɪntrəst]
    1)
    a) u ( felt by person) interés m

    interest IN somebody/something/-ING — interés en alguien/algo/+ inf

    I have no interest in getting to know them — no tengo ningún interés en conocerlos, no me interesa conocerlos

    to show (an) interest — demostrar* interés, mostrarse* interesado

    to take (an) interest in something/somebody — interesarse por algo/alguien

    b) c ( hobby) interés m
    2) u ( possessed by object) interés m

    is this of any interest to you? — ¿esto te interesa?

    3) c
    a) ( stake) participación f, intereses mpl
    b) ( advantage) (often pl) interés m

    to act in somebody's interest(s) — actuar* en beneficio de alguien

    4) u ( Fin) interés m

    to earn/charge interest of o at five per cent (per annum) — percibir/cobrar un interés del cinco por ciento (al año)

    to pay something/somebody back with interest: he repaid my affection with interest me devolvió con creces el cariño que le había dado; they'll pay me back with interest! me las van a pagar con creces!; (before n) interest rate — tasa f or (esp Esp) tipo m de interés


    II
    transitive verb interesar

    can I interest you in a raffle ticket? — ¿le puedo ofrecer un número de rifa?

    English-spanish dictionary > interest

  • 18 break

    break [breɪk]
    casser ⇒ 1 (a), 1 (c) briser ⇒ 1 (a), 1 (i), 1 (j) fracturer ⇒ 1 (b) enfoncer ⇒ 1 (e) violer, enfreindre ⇒ 1 (f) rompre ⇒ 1 (h) couper ⇒ 1 (h) ruiner ⇒ 1 (k) amortir ⇒ 1 (l) se casser ⇒ 2 (a) se briser ⇒ 2 (a) se fracturer ⇒ 2 (b) cassure, brisure ⇒ 3 (a) fissure, fente ⇒ 3 (b) ouverture ⇒ 3 (c) interruption ⇒ 3 (d) pause ⇒ 3 (e) évasion ⇒ 3 (f) chance ⇒ 3 (g) changement ⇒ 3 (h)
    (pt broke [brəʊk], pp broken ['brəʊkn])
    (a) (split into pieces → glass, furniture) casser, briser; (→ branch, lace, string, egg, toy) casser;
    ∎ break the stick in two cassez le bâton en deux;
    ∎ to break sth into pieces mettre qch en morceaux;
    ∎ to get broken se casser;
    ∎ to break a safe forcer un coffre-fort;
    ∎ Religion to break bread (priest) administrer la communion; (congregation) recevoir la communion;
    ∎ figurative to break bread with sb partager le repas de qn;
    ∎ figurative to break sb's heart briser le cœur à qn;
    ∎ Ross broke her heart Ross lui a brisé le cœur;
    ∎ it breaks my heart to see her unhappy ça me brise le cœur de la voir malheureuse;
    ∎ figurative to break the ice rompre ou briser la glace
    (b) Medicine (fracture) casser, fracturer;
    ∎ to break one's leg se casser ou se fracturer la jambe;
    ∎ to break one's neck se casser ou se rompre le cou;
    ∎ the fall broke his back la chute lui a brisé les reins;
    ∎ familiar figurative they broke their backs trying to get the job done ils se sont éreintés à finir le travail;
    ∎ familiar we've broken the back of the job nous avons fait le plus gros du travail;
    ∎ familiar I'll break his neck if I catch him doing it again! je lui tords le cou si je le reprends à faire ça!;
    ∎ familiar figurative break a leg! merde! (pour souhaiter bonne chance)
    (c) (render inoperable → appliance, machine) casser;
    ∎ you've broken the TV tu as cassé la télé
    (d) (cut surface of → ground) entamer; (→ skin) écorcher; Law (seals → illegally) briser; (legally) lever;
    ∎ the seal on the coffee jar was broken le pot de café avait été ouvert;
    ∎ the skin isn't broken la peau n'est pas écorchée;
    ∎ to break new or fresh ground innover, faire œuvre de pionnier;
    ∎ scientists are breaking new or fresh ground in cancer research les savants font une percée dans la recherche contre le cancer
    ∎ the river broke its banks la rivière est sortie de son lit;
    ∎ to break the sound barrier franchir le mur du son;
    ∎ to break surface (diver, whale) remonter à la surface; Nautical (submarine) faire surface
    (f) Law (violate → law, rule) violer, enfreindre; (→ speed limit) dépasser; (→ agreement, treaty) violer; (→ contract) rompre; (→ promise) manquer à; Religion (→ commandment) désobéir à; (→ Sabbath) ne pas respecter;
    ∎ she broke her appointment with them elle a annulé son rendez-vous avec eux;
    ∎ he broke his word to her il a manqué à la parole qu'il lui avait donnée;
    ∎ Law to break parole = commettre un délit qui entraîne la révocation de la mise en liberté conditionnelle;
    ∎ Military to break bounds violer la consigne
    (g) (escape from, leave suddenly) Law
    ∎ to break jail s'évader (de prison);
    ∎ to break camp lever le camp;
    ∎ to break cover (animal) être débusqué; (person) sortir à découvert
    (h) (interrupt → fast, monotony, spell) rompre; Electricity (→ circuit, current) couper; Typography (→ word, page) couper;
    ∎ we broke our journey at Brussels nous avons fait une étape à Bruxelles;
    ∎ a cry broke the silence un cri a déchiré ou percé le silence;
    ∎ the plain was broken only by an occasional small settlement la plaine n'était interrompue que par de rares petits hameaux;
    ∎ Military to break step rompre le pas
    (i) (put an end to → strike) briser; (→ uprising) mater;
    ∎ the new offer broke the deadlock la nouvelle proposition a permis de sortir de l'impasse;
    ∎ he's tried to stop smoking but he can't break the habit il a essayé d'arrêter de fumer mais il n'arrive pas à se débarrasser ou se défaire de l'habitude;
    ∎ to break sb of a habit corriger ou guérir qn d'une habitude;
    ∎ to break oneself of a habit se corriger ou se défaire d'une habitude
    (j) (wear down, destroy → enemy) détruire; (→ person, will, courage, resistance) briser; (→ witness) réfuter; (→ health) abîmer; (→ alibi) écarter;
    ∎ torture did not break him or his spirit il a résisté à la torture;
    ∎ this scandal could break them ce scandale pourrait signer leur perte;
    ∎ the experience will either make or break him l'expérience lui sera ou salutaire ou fatale
    (k) (bankrupt) ruiner;
    ∎ her new business will either make or break her sa nouvelle affaire la rendra riche ou la ruinera;
    ∎ to break the bank (exhaust funds) faire sauter la banque;
    ∎ humorous buying a book won't break the bank! acheter un livre ne te/nous/ etc ruinera pas!
    (l) (soften → fall) amortir, adoucir;
    ∎ we planted a row of trees to break the wind nous avons planté une rangée d'arbres pour couper le vent
    (m) (reveal, tell) annoncer, révéler;
    ∎ break it to her gently annonce-le lui avec ménagement
    (n) (beat, improve on) battre;
    ∎ to break a record battre un record;
    ∎ the golfer broke 90 le golfeur a dépassé le score de 90
    (o) (solve → code) déchiffrer
    ∎ to break sb's service (in tennis) prendre le service de qn;
    ∎ Hingis was broken in the fifth game Hingis a perdu son service dans le cinquième jeu
    (q) (divide into parts → collection) dépareiller; (→ bank note) entamer;
    ∎ can you break a £10 note? pouvez-vous faire de la monnaie sur un billet de 10 livres?
    (r) (horse) dresser
    (t) Nautical (flag) déferler
    ∎ to break wind lâcher un vent
    (a) (split into pieces → glass, furniture) se casser, se briser; (→ branch, stick) se casser, se rompre; (→ lace, string, egg, toy) se casser;
    ∎ to break apart se casser ou se briser (en morceaux);
    ∎ the plate broke in two l'assiette s'est cassée en deux;
    ∎ to break into pieces se casser en morceaux;
    ∎ figurative her heart broke elle a eu le cœur brisé
    (b) Medicine (fracture → bone, limb) se fracturer;
    ∎ is the bone broken? y a-t-il une fracture?;
    ∎ humorous any bones broken? rien de cassé?
    (c) (become inoperable → lock, tool) casser; (→ machine) tomber en panne;
    ∎ the dishwasher broke last week le lave-vaisselle est tombé en panne la semaine dernière
    (d) (disperse → clouds) se disperser, se dissiper; Military (→ troops) rompre les rangs; (→ ranks) se rompre
    ∎ to break free se libérer;
    ∎ the ship broke loose from its moorings le bateau a rompu ses amarres
    (f) (fail → health, person, spirit) se détériorer;
    ∎ the witness broke under questioning le témoin a craqué au cours de l'interrogatoire;
    ∎ she or her spirit did not break elle ne s'est pas laissée abattre;
    ∎ their courage finally broke leur courage a fini par les abandonner
    (g) (take a break) faire une pause;
    ∎ let's break for coffee arrêtons-nous pour prendre un café
    (h) (arise suddenly → day) se lever, poindre; (→ dawn) poindre; Press & Television (→ news) être annoncé; (→ scandal, war) éclater
    (i) (move suddenly) se précipiter, foncer
    (j) (weather) changer; (storm) éclater
    (k) (voice → of boy) muer; (→ with emotion) se briser;
    ∎ she was so upset that her voice kept breaking elle était tellement bouleversée que sa voix se brisait
    (l) (wave) déferler;
    ∎ the sea was breaking against the rocks les vagues se brisaient sur les rochers
    ∎ her waters have broken elle a perdu les eaux
    (n) American familiar (happen) se passer□, arriver□ ;
    ∎ to break right/badly bien/mal se passer
    (o) Linguistics (vowel) se diphtonguer
    (p) Sport (boxers) se dégager;
    ∎ break! break!, stop!
    (q) Sport (ball) dévier
    (r) Sport (in billiards, snooker, pool) donner l'acquit
    ∎ to break even (gen) s'y retrouver; Finance rentrer dans ses frais
    3 noun
    (a) (in china, glass) cassure f, brisure f; (in wood) cassure f, rupture f; Medicine (in bone, limb) fracture f; figurative (with friend, group) rupture f; (in marriage) séparation f;
    ∎ a clean break (in object) une cassure nette; Medicine (in bone) une fracture simple;
    ∎ the break with her husband was a painful experience ça a été très pénible pour elle quand elle s'est séparée de son mari;
    ∎ her break with the party in 1968 sa rupture avec le parti en 1968;
    ∎ to make a clean break with the past rompre avec le passé
    (b) (crack) fissure f, fente f
    (c) (gap → in hedge, wall) trouée f, ouverture f; Geology (→ in rock) faille f; (→ in line) interruption f, rupture f; Typography (→ in word) césure f; (→ in pagination) fin f de page;
    ∎ a break in the clouds une éclaircie
    (d) (interruption → in conversation) interruption f, pause f; (→ in payment) interruption f, suspension f; (→ in trip) arrêt m; (→ in production) suspension f, rupture f; (→ in series) interruption f; Literature & Music pause f; (in jazz) break m;
    ∎ guitar break (in rock) (courte) improvisation f de guitare;
    ∎ Electricity a break in the circuit une coupure de courant;
    ∎ Radio a break for commercials, a (commercial) break un intermède de publicité; Television un écran publicitaire, une page de publicité;
    ∎ Television a break in transmission une interruption des programmes (due à un incident technique)
    (e) (rest) pause f; (holiday) vacances fpl; British School récréation f;
    ∎ let's take a break on fait une pause?;
    ∎ we worked all morning without a break nous avons travaillé toute la matinée sans nous arrêter;
    ∎ he drove for three hours without a break il a conduit trois heures de suite;
    ∎ you need a break (short rest) tu as besoin de faire une pause; (holiday) tu as besoin de vacances;
    ∎ an hour's break for lunch une heure de pause pour le déjeuner;
    ∎ lunch break pause f de midi;
    ∎ do you get a lunch break? tu as une pause à midi?;
    ∎ a weekend in the country makes a pleasant break un week-end à la campagne fait du bien;
    ∎ familiar give me a break! (don't talk nonsense) dis pas n'importe quoi!; (stop nagging) fiche-moi la paix!
    (f) (escape) évasion f, fuite f;
    ∎ Law jail break évasion f (de prison);
    ∎ she made a break for the woods elle s'est élancée vers le bois;
    ∎ to make a break for it prendre la fuite
    (g) familiar (opportunity) chance□ f; (luck) (coup m de) veine f;
    ∎ you get all the breaks! tu en as du pot!;
    ∎ to have a lucky break avoir de la veine;
    ∎ to have a bad break manquer de veine;
    ∎ this could be your big break ça pourrait être la chance de ta vie;
    ∎ she's never had an even break in her life rien n'a jamais été facile dans sa vie;
    ∎ give him a break donne-lui une chance; (he won't do it again) donne-lui une seconde chance
    (h) (change) changement m;
    ∎ a break in the weather un changement de temps;
    ∎ the decision signalled a break with tradition la décision marquait une rupture avec la tradition
    (i) (carriage) break m
    ∎ at break of day au point du jour, à l'aube
    ∎ to have a service break or a break (of serve) (in tennis) avoir une rupture de service (de l'adversaire);
    ∎ to have two break points (in tennis) avoir deux balles de break;
    ∎ he made a 70 break (in snooker, pool etc) il a fait une série de 70
    ►► Computing break character caractère m d'interruption;
    Computing break key touche f d'interruption
    (a) (move away) se détacher; (escape) s'évader;
    ∎ I broke away from the crowd je me suis éloigné de la foule;
    ∎ he broke away from her grasp il s'est dégagé de son étreinte
    (b) (end association with) rompre; (province → from State) se séparer;
    ∎ a group of MPs broke away from the party un groupe de députés a quitté le parti;
    ∎ as a band they have broken away from traditional jazz leur groupe a (complètement) rompu avec le jazz traditionnel
    (c) Sport (in racing, cycling) s'échapper, se détacher du peloton
    détacher;
    ∎ they broke all the fittings away from the walls ils ont décroché toutes les appliques des murs
    (in tennis) = gagner le service de son adversaire après avoir perdu son propre service
    (a) (vehicle, machine) tomber en panne;
    ∎ the car has broken down la voiture est en panne
    (b) (fail → health) se détériorer; (→ authority) disparaître; (→ argument, system, resistance) s'effondrer; (→ negotiations, relations, plan) échouer;
    ∎ radio communications broke down le contact radio a été coupé;
    ∎ their marriage is breaking down leur mariage se désagrège
    ∎ to break down in tears fondre en larmes
    (d) (divide) se diviser;
    ∎ the report breaks down into three parts le rapport comprend ou est composé de trois parties
    (e) Chemistry se décomposer;
    ∎ to break down into sth se décomposer en qch
    (a) (destroy → barrier) démolir, abattre; (→ door) enfoncer; figurative (→ resistance) briser;
    ∎ we must break down old prejudices il faut mettre fin aux vieux préjugés
    (b) (analyse → idea, statistics) analyser; (→ reasons) décomposer; (→ account, figures, expenses) décomposer, ventiler; (→ bill, estimate) détailler; (→ substance) décomposer;
    ∎ the problem can be broken down into three parts le problème peut se décomposer en trois parties
    literary (light) jaillir; (storm, buds) éclater; (blossom) s'épanouir subitement
    (a) (train → person) former; (→ horse) dresser;
    ∎ a month should be enough to break you in to the job un mois devrait suffire pour vous faire ou vous habituer au métier
    (b) (clothing) porter (pour user);
    ∎ I want to break these shoes in je veux que ces chaussures se fassent
    (c) (knock down → door) enfoncer
    (a) Law (burglar) entrer par effraction
    (b) (speaker) interrompre;
    ∎ to break in on sb/sth interrompre qn/qch
    (a) (of burglar) entrer par effraction dans; (drawer) forcer;
    ∎ they broke into the safe ils ont fracturé ou forcé le coffre-fort;
    ∎ they've been broken into three times ils se sont fait cambrioler trois fois
    ∎ the audience broke into applause le public s'est mis à applaudir;
    ∎ to break into a run/sprint se mettre à courir/à sprinter;
    ∎ the horse broke into a gallop le cheval a pris le galop
    (c) (conversation) interrompre
    (d) (start to spend → savings) entamer;
    ∎ I don't want to break into a £20 note je ne veux pas entamer un billet de 20 livres
    (e) Commerce (market) percer sur;
    ∎ the firm has broken into the Japanese market l'entreprise a percé sur le marché japonais
    (a) (separate) se détacher, se casser;
    ∎ a branch has broken off une branche s'est détachée (de l'arbre)
    (b) (stop) s'arrêter brusquement;
    ∎ he broke off in mid-sentence il s'est arrêté au milieu d'une phrase;
    ∎ they broke off from work (for rest) ils ont fait une pause; (for day) ils ont cessé le travail;
    ∎ to break off for ten minutes prendre dix minutes de pause;
    ∎ to break off for lunch s'arrêter pour déjeuner
    ∎ she's broken off with him elle a rompu avec lui
    (a) (separate) détacher, casser;
    ∎ to break sth off sth casser ou détacher qch de qch
    (b) (end → agreement, relationship) rompre;
    ∎ they've broken off their engagement ils ont rompu leurs fiançailles;
    ∎ to break it off (with sb) rompre (avec qn);
    ∎ Italy had broken off diplomatic relations with Libya l'Italie avait rompu ses relations diplomatiques avec la Libye
    (door) enfoncer; (lock, safe, till) forcer; familiar (bottle of wine etc) ouvrir□, déboucher□ ;
    ∎ to break a desk open ouvrir un bureau en forçant la serrure
    (a) (begin → war, storm) éclater; (→ disease, fire) se déclarer; (→ fight) se déclencher
    ∎ to break out in spots or in a rash avoir une éruption de boutons;
    ∎ to break out in a sweat se mettre à transpirer;
    ∎ she broke out in a cold sweat elle s'est mise à avoir des sueurs froides
    (c) (escape) s'échapper;
    ∎ to break out from or of prison s'évader (de prison);
    ∎ we have to break out of this vicious circle il faut que nous sortions de ce cercle vicieux
    (bottle, champagne) ouvrir
    (sun) percer;
    ∎ I broke through the crowd je me suis frayé un chemin à travers la foule;
    ∎ the troops broke through enemy lines les troupes ont enfoncé les lignes ennemies;
    ∎ she eventually broke through his reserve elle a fini par le faire sortir de sa réserve
    percer; figurative & Military faire une percée;
    ∎ figurative his hidden feelings tend to break through in his writing ses sentiments cachés tendent à transparaître ou percer dans ses écrits
    (a) (divide up → rocks) briser, morceler; Law (→ property) morceler; (→ soil) ameublir; (→ bread, cake) partager;
    ∎ she broke the loaf up into four pieces elle a rompu ou partagé la miche en quatre;
    ∎ illustrations break up the text le texte est aéré par des illustrations
    (b) (destroy → house) démolir; (→ road) défoncer
    (c) (end → fight, party) mettre fin à, arrêter; Commerce & Law (→ conglomerate, trust) scinder, diviser; Commerce (→ company) scinder; Politics (→ coalition) briser, rompre; Administration (→ organization) dissoudre; (→ empire) démembrer; (→ family) séparer;
    ∎ his drinking broke up their marriage le fait qu'il buvait a brisé ou détruit leur mariage
    (d) (disperse → crowd) disperser;
    ∎ break it up! (people fighting or arguing) arrêtez!; (said by policeman) circulez!
    (e) familiar (distress) bouleverser, retourner;
    ∎ the news really broke her up la nouvelle l'a complètement bouleversée
    ∎ her stories really break me up! ses histoires me font bien marrer!
    (a) (split into pieces → road, system) se désagréger; (→ ice) craquer, se fissurer; (→ ship) se disloquer;
    ∎ the ship broke up on the rocks le navire s'est disloqué sur les rochers
    (b) (come to an end → meeting, party) se terminer, prendre fin; (→ partnership) cesser, prendre fin; (→ talks, negotiations) cesser;
    ∎ when the meeting broke up à l'issue ou à la fin de la réunion;
    ∎ their marriage broke up leur mariage n'a pas marché
    (c) (boyfriend, girlfriend) rompre;
    ∎ she broke up with her boyfriend elle a rompu avec son petit ami;
    ∎ they've broken up ils se sont séparés
    (d) (disperse → clouds) se disperser; (→ group) se disperser; (→ friends) se quitter, se séparer
    ∎ we break up for Christmas on the 22nd les vacances de Noël commencent le 22;
    ∎ when do we break up? quand est-ce qu'on est en vacances?
    (g) American familiar (laugh) se tordre de rire
    (a) (end association with → person, organization) rompre avec;
    ∎ the defeat caused many people to break with the party la défaite a poussé beaucoup de gens à rompre avec le parti
    (b) (depart from → belief, values) rompre avec;
    ∎ she broke with tradition by getting married away from her village elle a rompu avec la tradition en ne se mariant pas dans son village

    Un panorama unique de l'anglais et du français > break

  • 19 interest

    сущ.
    сокр. Int
    1)
    а) общ. интерес, заинтересованность

    to be of interest to smb. — представлять интерес для кого-л.

    to hold interest — поддерживать [удерживать\] интерес

    Syn:
    concern, curiosity
    See:
    б) общ. увлечение, интересы

    community of interest — сообщество [группа\] по интересам, сообщество интересов

    2) общ. выгода, польза, преимущество, интерес

    to protect [defend, safeguard, guard\] smb.'s interests — защищать [отстаивать\] чьи-л. интересы

    in smb's interests — в чьих-л. интересах

    in (the) interest(s) of smb./smth. — в интересах кого-л./чего-л.

    We are acting in the best interest of our customers. — Мы действуем в наилучших интересах наших клиентов.

    Syn:
    advantage, benefit, good, profit
    See:
    3) общ., мн. круги (лица, объединенные общими деловыми или профессиональными интересами)

    moneyed interests — денежные [богатые, финансовые\] круги

    wealthy interests — состоятельные [богатые\] круги

    See:
    4)
    а) эк. доля, участие в собственности [прибыли\] (об участии во владении каким-л. имуществом или каким-л. предприятием; права собственности на какое-л. имущество или на часть в чем-л.)

    to buy [purchase, acquire\] a controlling interest — покупать [приобретать\] контрольный пакет акций [контрольную долю\]

    to sell a controlling interest — продавать контрольный пакет акций [контрольную долю\]

    to own an interest — иметь долю, владеть долей (напр. в бизнесе)

    half interest — половинная доля, половина

    She owned a half interest in the home. — Ей принадлежало право собственности на половину дома.

    30% interest — 30-процентная доля

    He holds a 30% interest in the gold mine. — Он владеет 30-процентной долей в золотой шахте.

    Syn:
    See:
    б) эк., юр. имущественное право (право лица владеть, пользоваться и распоряжаться каким-л. имуществом в пределах, установленных законом)

    to disclaim [renounce\] interest — отказаться от права (собственности)

    Interest may be a property right to land, but it's not a right to absolute ownership of land. — Имущественное право может быть правом собственности на землю, но оно не является абсолютным правом собственности на землю.

    See:
    5)
    а) фин., банк. процент, процентный доход (доход, получаемый с вложенного капитала и измеряемый как доля от его величины)

    interest on deposits — процент по депозитам [вкладам\]

    to bear [to yield, to carry, to produce\] interest — приносить процент [процентный доход\] ( о финансовом активе)

    The loan will carry interest of LIBOR plus 3.8 percent. — Заем принесет процент по ставке ЛИБОР плюс 3,8%.

    to invest at interest — вкладывать деньги [инвестировать\] под проценты

    The interest accrued to our account. — На нашем счету накопились проценты.

    This is a flexible account that allows you to accrue interest on your balance with limited check writing. — Это гибкий счет, который позволяет вам получать проценты на остаток средств при ограниченной выписке чеков.

    See:
    after-tax interest, daily interest, and interest, interest coupon, interest in possession trust, interest income, interest period, interest return, interest yield, interest spread, interest warrant, interest-bearing, interest-free, interest-only strip, interest-paying, accreted interest, accrued interest, accumulated interest, added interest, annual interest, any-interest-date call, area of interest fund, bearing interest, bearing no interest, bond interest, broken period interest, carried interest, cash flow interest coverage ratio, cash interest coverage ratio, deferred interest bond, draw interest, earn interest, field of interest fund, foreign interest payment security, income from interest, liquidity preference theory of interest, separate trading of registered interest and principal of securities
    б) фин., банк. (ссудный) процент (стоимость использования заемных денег; выражается в виде процентной доли от величины займа за определенный период)

    Banks create money and lend it at interest. — Банки создают деньги и ссужают их под процент.

    to pay [to pay out\] interests — платить [выплачивать\] проценты

    to calculate [to compute\] interest — вычислять [рассчитывать, подсчитывать\] проценты

    computation of interest, calculation of interest, interest calculation, interest computation — расчет процентов

    date from which interest is computed — дата, с которой начисляются [рассчитываются\] проценты

    interest payment, payment of interest — процентный платеж, процентная выплата, выплата процентов

    And, until you attain age 59½, sever employment, die or become disabled, the loans will continue to accrue interest. — И, до тех пор, пока вы не достигнете возраста 59,5 лет, прекратите работать, умрете или станете нетрудоспособным, по кредитам будут продолжать начисляться проценты.

    Under Late Payment Legislation, for business-to-business debts, you can recover interest at 4% above the base rate. — В соответствии с законодательством о просроченных платежах, для долговых операций между предприятиями вы можете взыскивать процент в размере базовой процентной ставки плюс 4%.

    See:
    в) фин., банк. = interest rate
    See:
    г) общ. избыток, излишек; навар ( о щедрой благодарности)

    to repay smb. with interest — отплатить кому-л. с лихвой

    She returned our favour with interest. — Она щедро отблагодарила нас за оказанную ей любезность.


    * * *
    interest; Int 1) процент: сумма, уплачиваемая должником кредитору за пользование деньгами последнего; стоимость использования денег; выражается в виде процентной ставки за определенный период, обычно год; 2) участие в капитале; капиталовложение; акция; титул собственности.
    * * *
    Проценты/участие (в капитале)
    . Цена, выплачиваемая за получение денежного кредита. Выражается в виде процентной ставки на определенный период времени и отражает курс обмена текущего потребления на будущее потребление. Также: доля в собственности/право собственности . интерес; вещные права; имущественные права; пай Инвестиционная деятельность .
    * * *
    выражение главного содержания отношения данного лица к имуществу, которое является объектом страхования, права на него или обязательству к нему
    -----
    Банки/Банковские операции
    процент, процентный доход
    см. - per cent

    Англо-русский экономический словарь > interest

  • 20 interest

    1. noun
    1) Interesse, das; Anliegen, das

    take or have an interest in somebody/something — sich für jemanden/etwas interessieren

    [just] for or out of interest — [nur] interessehalber

    with interest — interessiert ( see also academic.ru/9982/c">c)

    lose interest in somebody/something — das Interesse an jemandem/etwas verlieren

    interest in life/food — Lust am Leben/Essen

    be of interest — interessant od. von Interesse sein (to für)

    act in one's own/somebody's interest[s] — im eigenen/in jemandes Interesse handeln

    in the interest[s] of humanity — zum Wohle der Menschheit

    2) (thing in which one is concerned) Angelegenheit, die; Belange Pl.
    3) (Finance) Zinsen Pl.

    at interest — gegen od. auf Zinsen

    with interest — (fig.): (with increased force etc.) überreichlich; doppelt und dreifach (ugs.) (see also a)

    4) (financial stake) Beteiligung, die; Anteil, der

    declare an interest — seine Interessen darlegen

    5) (legal concern) [Rechts]anspruch, der
    2. transitive verb

    be interested in somebody/something — sich für jemanden/etwas interessieren

    somebody is interested by somebody/something — jemand/etwas erregt jemandes Interesse; see also interested

    * * *
    ['intrəst, ]( American[) 'intərist] 1. noun
    1) (curiosity; attention: That newspaper story is bound to arouse interest.) das Interesse
    2) (a matter, activity etc that is of special concern to one: Gardening is one of my main interests.) das Interesse
    3) (money paid in return for borrowing a usually large sum of money: The (rate of) interest on this loan is eight per cent; ( also adjective) the interest rate.) die Zinsen (pl.); Zins-...
    4) ((a share in the ownership of) a business firm etc: He bought an interest in the night-club.) der Anteil
    5) (a group of connected businesses which act together to their own advantage: I suspect that the scheme will be opposed by the banking interest (= all the banks acting together).) Kreise(pl.)
    2. verb
    1) (to arouse the curiosity and attention of; to be of importance or concern to: Political arguments don't interest me at all.) interessieren
    2) ((with in) to persuade to do, buy etc: Can I interest you in (buying) this dictionary?) gewinnen
    •
    - interested
    - interesting
    - interestingly
    - in one's own interest
    - in one's interest
    - in the interests of
    - in the interest of
    - lose interest
    - take an interest
    * * *
    in·ter·est
    [ˈɪntrəst, AM -trɪst]
    I. n
    1. (concern, curiosity) Interesse nt; (hobby) Hobby nt
    she looked about her with \interest sie sah sich interessiert um
    just out of \interest ( fam) nur interessehalber
    vested \interest eigennütziges Interesse, Eigennutz m
    to have [or take] an \interest in sth an etw dat Interesse haben, sich akk für etw akk interessieren
    to lose \interest in sb/sth das Interesse an jdm/etw verlieren
    to pursue one's own \interests seinen eigenen Interessen nachgehen, seine eigenen Interessen verfolgen
    to show an \interest in sth an etw dat Interesse zeigen
    to take no further \interest in sth das Interesse an etw dat verloren haben, kein Interesse mehr für etw akk zeigen
    ▪ sth is in sb's \interest etw liegt in jds Interesse
    ▪ \interests pl Interessen pl, Belange pl
    in the \interests of safety, please do not smoke aus Sicherheitsgründen Rauchen verboten
    I'm only acting in your best \interests ich tue das nur zu deinem Besten
    Jane is acting in the \interests of her daughter Jane vertritt die Interessen ihrer Tochter
    in the \interests of humanity zum Wohle der Menschheit
    to look after the \interests of sb jds Interessen wahrnehmen
    3. no pl (importance) Interesse nt, Reiz m
    buildings of historical \interest historisch interessante Gebäude
    to be of \interest to sb für jdn von Interesse sein
    to hold \interest for sb jdn interessieren
    4. no pl FIN Zinsen pl; (paid on investments also) Kapitalertrag m
    at 5% \interest zu 5 % Zinsen
    what is the \interest on a loan these days? wie viel Zinsen zahlt man heutzutage für einen Kredit?
    rate of \interest [or \interest rate] Zinssatz m
    \interest on advance Vorauszahlungszins m
    \interest on arrears Verzugszinsen pl
    \interest on principal Kapitalverzinsung f
    \interest on savings deposits Sparzinsen pl
    to earn/pay \interest Zinsen einbringen/zahlen
    he earns \interest on his money sein Geld bringt ihm Zinsen [ein]
    to return sb's kindness with \interest ( fig) jds Freundlichkeit um ein Vielfaches erwidern
    to pay sb back with \interest ( fig) es jdm doppelt [o gründlich] heimzahlen
    5. (involvement) Beteiligung f
    the \interests of the company include steel and chemicals das Unternehmen ist auch in den Bereichen Stahl und Chemie aktiv
    a legal \interest in a company ein gesetzlicher Anteil an einer Firma
    powerful business \interests einflussreiche Kreise aus der Geschäftswelt
    foreign \interest ausländische Interessengruppen
    the landed \interest[s] die Großgrundbesitzer(innen) m(f)
    II. vt
    ▪ to \interest sb [in sth] jdn [für etw akk] interessieren, bei jdm Interesse [für etw akk] wecken
    may I \interest you in this encyclopaedia? darf ich Ihnen diese Enzyklopädie vorstellen?
    don't suppose I can \interest you in a quick drink before lunch, can I? kann ich dich vor dem Mittagessen vielleicht noch zu einem kurzen Drink überreden?
    ▪ to \interest oneself in sth/sb sich akk für etw/jdn interessieren
    * * *
    ['Intrɪst]
    1. n
    1) Interesse nt

    do you have any interest in chess? — interessieren Sie sich für Schach?, haben Sie Interesse an Schach (dat)?

    to take/feel an interest in sb/sth — sich für jdn/etw interessieren

    after that he took no further interest in us/it — danach war er nicht mehr an uns (dat)/daran interessiert

    to show (an) interest in sb/sth — Interesse für jdn/etw zeigen

    just for interest — nur aus Interesse, nur interessehalber

    he has lost interest — er hat das Interesse verloren

    what are your interests? — was sind Ihre Interessen(gebiete)?

    his interests are... — er interessiert sich für...

    2) (= importance) Interesse nt (to für)

    matters of vital interest to the economy — Dinge pl von lebenswichtiger Bedeutung or lebenswichtigem Interesse für die Wirtschaft

    3) (= advantage, welfare) Interesse nt

    to act in sb's/one's own (best) interest(s) — in jds/im eigenen Interesse handeln

    in the interest(s) of sth — im Interesse einer Sache (gen)

    4) (FIN) Zinsen pl

    to bear interest at 4% — 4% Zinsen tragen, mit 4% verzinst sein

    5) (COMM: share, stake) Anteil m; (= interest group) Kreise pl, Interessentengruppe f

    the landed interest(s) — die Landbesitzer pl, die Gutsbesitzer pl

    America has an interest in helping Russia with its economy — Amerika hat ein Interesse daran, Russland Wirtschaftshilfe zu geben

    2. vt
    interessieren (in für, an +dat)

    to interest sb in doing sth — jdn dafür interessieren, etw zu tun

    to interest sb in politics etc — jds Interesse an or für Politik etc wecken, jdn für Politik etc interessieren

    to interest oneself in sb/sth — sich für jdn/etw interessieren

    * * *
    interest [ˈıntrıst; ˈıntərest]
    A s
    1. (in) Interesse n (an dat, für), (An)Teilnahme f (an dat):
    there’s not much interest in es besteht kein großes Interesse an;
    lose interest das Interesse verlieren;
    take ( oder have) an interest in sth sich für etwas interessieren, Anteil an etwas nehmen;
    she hasn’t got much interest in football Fußball interessiert sie nicht sehr;
    music is his only interest er interessiert sich nur für Musik
    2. Reiz m, Interesse n:
    add interest to reizvoll oder interessant machen (akk);
    be of interest (to) von Interesse sein (für), interessieren (akk), reizvoll sein (für);
    there is no interest in doing sth es ist uninteressant oder sinnlos, etwas zu tun; → human A 1
    3. Wichtigkeit f, Bedeutung f, Interesse n:
    of great (little) interest von großer Wichtigkeit (von geringer Bedeutung);
    this question is of no interest at the moment diese Frage ist im Moment nicht aktuell
    4. besonders WIRTSCH Beteiligung f, Anteil m ( beide:
    in an dat):
    have an interest in sth an oder bei einer Sache beteiligt sein; → control A 1
    5. meist pl besonders WIRTSCH Geschäfte pl, Interessen pl, Belange pl:
    shipping interests Reedereigeschäfte, -betrieb m
    6. auch pl WIRTSCH Interessenten pl, Interessengruppe(n) f(pl), (die) beteiligten Kreise pl:
    the banking interest die Bankkreise;
    the business interests die Geschäftswelt;
    the shipping interest die Reeder pl; → landed, vest C 2
    7. Interesse n, Vorteil m, Nutzen m, Gewinn m:
    be in ( oder to) sb’s interest in jemandes Interesse liegen;
    in your (own) interest zu Ihrem (eigenen) Vorteil, in Ihrem (eigenen) Interesse;
    in the public interest im öffentlichen Interesse;
    look after ( oder protect, safeguard) sb’s interests jemandes Interessen wahrnehmen oder wahren;
    study sb’s interest jemandes Vorteil im Auge haben; → lie2 Bes Redew
    8. Eigennutz m
    9. Einfluss m ( with bei), Macht f: → sphere A 6
    10. JUR (An)Recht n, Anspruch m ( beide:
    in auf akk): → vest C 2
    11. WIRTSCH Zinsen pl:
    a loan at 8% interest ein Darlehen zu 8% Zinsen;
    interest due fällige Zinsen;
    interest from ( oder on) capital Kapitalzinsen;
    and ( oder plus) interest zuzüglich Zinsen;
    as interest zinsweise;
    ex interest ohne Zinsen;
    bear ( oder carry, earn, pay, yield) interest Zinsen tragen, sich verzinsen (at 4% mit 4%);
    interest on deposits Zinsen auf (Bank)Einlagen;
    interest on shares Stückzinsen;
    interest rate → A 12;
    invest money at interest Geld verzinslich anlegen;
    return a blow (an insult) with interest fig einen Schlag (eine Beleidigung) mit Zinsen oder mit Zins und Zinseszins zurückgeben;
    return sb’s kindness with interest fig sich für jemandes Freundlichkeit mehr als nur erkenntlich zeigen; → rate1 A 2
    12. WIRTSCH Zinsfuß m, -satz m
    B v/t
    1. interessieren (in für), jemandes Interesse oder Teilnahme erwecken ( in sth an einer Sache; for sb für jemanden):
    interest o.s. in sich interessieren für
    2. angehen, betreffen:
    every citizen is interested in this law dieses Gesetz geht jeden Bürger an
    3. interessieren, fesseln, anziehen, reizen
    4. besonders WIRTSCH beteiligen (in an dat)
    int. abk
    2. WIRTSCH interest
    * * *
    1. noun
    1) Interesse, das; Anliegen, das

    take or have an interest in somebody/something — sich für jemanden/etwas interessieren

    [just] for or out of interest — [nur] interessehalber

    lose interest in somebody/something — das Interesse an jemandem/etwas verlieren

    interest in life/food — Lust am Leben/Essen

    be of interest — interessant od. von Interesse sein (to für)

    act in one's own/somebody's interest[s] — im eigenen/in jemandes Interesse handeln

    in the interest[s] of humanity — zum Wohle der Menschheit

    2) (thing in which one is concerned) Angelegenheit, die; Belange Pl.
    3) (Finance) Zinsen Pl.

    at interest — gegen od. auf Zinsen

    with interest — (fig.): (with increased force etc.) überreichlich; doppelt und dreifach (ugs.) (see also a)

    4) (financial stake) Beteiligung, die; Anteil, der
    5) (legal concern) [Rechts]anspruch, der
    2. transitive verb

    be interested in somebody/something — sich für jemanden/etwas interessieren

    somebody is interested by somebody/something — jemand/etwas erregt jemandes Interesse; see also interested

    * * *
    (in) n.
    Anteil -e (an) m.
    Beteiligung f. (finance) n.
    Zinsen - m. n.
    Anteil -e m.
    Anteilnahme f.
    Bedeutung f.
    Interesse n.
    Vorteil -e m.
    Wichtigkeit f.
    Zins -en m. v.
    interessieren v.

    English-german dictionary > interest

Страницы

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