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during the currency

  • 1 during the currency

    Универсальный англо-русский словарь > during the currency

  • 2 during the currency of the contract

    в течение срока действия договора

    Большой англо-русский и русско-английский словарь > during the currency of the contract

  • 3 during the currency of the contract

    в течение срока действия договора

    Англо-русский словарь экономических терминов > during the currency of the contract

  • 4 during the currency of the contract

    Универсальный англо-русский словарь > during the currency of the contract

  • 5 currency

    сущ.
    1) фин. валюта (национальная денежная единица какой-л. страны)

    ATTRIBUTES:

    appreciated currency — переоцененная валюта, валюта с завышенным курсом

    The dollar was a strong currency. — Доллар был сильной валютой.

    COMBS:

    Mergers can dilute the equity of existing shareholders of the acquiring company if the deal currency is stock rather than cash.

    They normally require payment in the currency of their own country.

    See:
    account currency, accounting currency, agreement currency, Article 8 currency, artificial currency, base currency, blocked currency, common currency, community currency, composite currency, convertible currency, credit currency, domestic currency, dual currency, eurocurrency, exotic currency, fixed currency, floating currency, foreign currency, free currency, freely convertible currency, freely usable currency, functional currency, green currency, hard currency 1), home currency, inconvertible currency, intervention currency, investment currency, key currency, local currency, managed currency, national currency, non-convertible currency, overvalued currency, pegged currency, petrocurrency, price currency, quoted currency, reporting currency, reserve currency, single currency, soft currency, sound currency, undervalued currency, vehicle currency, weak currency, xenocurrency, currency appreciation, currency arbitrage, currency area, currency band, currency basket, currency bloc, currency block, currency board, currency clause, currency cocktail, currency composite, currency contract, currency conversion, currency convertibility, currency crisis, currency dealer, currency depreciation, currency fund, currency futures, currency futures contract, currency holdings, currency integration, currency intervention, currency market, currency option, currency policy, currency position, currency quotation, currency reserve, currency restrictions, currency risk, currency snake, currency speculation, currency substitution, currency swap, currency union, currency zone, backing of currency, convertibility of currency, currency interest rate swap, currency of contract, currency of credit, currency of price, gold and foreign currency reserves, indexed currency option note, inflation of currency, issue of currency, N-th currency problem, par value of currency, purchasing power of the currency, Currency Transaction Report, First National Bank of Eden, South Dakota v. Department of the Treasury, Office of the Comptroller of the Currency, First National Bank of Eden, South Dakota v. Department of the Treasury, Office of the Comptroller of the Currency, First National Bank of Eden, South Dakota v. Department of the Treasury, Office of the Comptroller of the Currency, First National Bank of Eden, South Dakota v. Department of the Treasury, Office of the Comptroller of the Currency, First National Bank of Eden, South Dakota v. Department of the Treasury, Office of the Comptroller of the Currency
    2) эк. средство обращения (деньги, но также любой актив, выступающий как средство обращения, напр., монеты, банкноты, чеки, векселя, долговые расписки и т. п.)

    currency shipment — перевозка денег; партия (перевозимых) денег

    See:
    3)
    а) эк. обращение (денег) (движение денег в процессе производства и обращения товаров, оказания услуг и совершения платежей)
    See:
    б) общ. распространение, распространенность; широкая применимость, употребительность

    Since the Gulf war, the term has gained new currency. — После войны в Персидском заливе данный термин вновь обрел частотность.

    4) общ. срок действия (чего-л., напр., контракта, страхового полиса и т. д.)

    during the currency of the agreement [policy\] — в течение срока действия данного договора [полиса\]

    * * *
    . любая форма денег, которые находятся в обращении; . Глоссарий финансовых и биржевых терминов .
    * * *
    Финансы/Кредит/Валюта
    1. денежная единица страны, используемая в данном государстве
    2. денежные знаки иностранных государств, кредитные и платежные документы в виде векселей, чеков, банкнот, используемые в международных расчетах
    -----
    1. денежная единица для измерения величины стоимости товара
    2. денежная единица данной страны
    3. международная денежная единица и платежное средство

    Англо-русский экономический словарь > currency

  • 6 currency

    сущ.
    1) эк. денежное обращение (движение денег в процессе производства и обращения товаров, оказания услуг и совершения платежей)
    See:
    2) фин. валюта (национальная денежная единица какой-л. страны)

    appreciated currency — переоцененная валюта, валюта с завышенным курсом

    The dollar was a strong currency. — Доллар был сильной валютой.

    See:
    artificial currency, backing of currency, base currency, blocked currency, convertibility of currency, convertible currency, cross-currency interest rate swap, currency appreciation, currency arbitrage, currency area, currency basket, currency contract, currency conversion, currency dealer, currency depreciation, currency fund, currency futures, currency holdings, currency interest rate swap, currency market, currency of credit, currency policy, currency risk, currency speculation, currency swap, deposit currency, domestic currency, dual currency bond, dual currency issues, eurocurrency, European Currency Unit, exotic currency, foreign currency, free currency, hard currency, indexed currency option note, international reserve currency, investment currency, key currency, managed currency, multiple currency bond, national currency, non-convertible currency, par value of currency, purchasing power of the currency, quoted currency, reserve currency, Shared Currency Option Under Tender, soft currency, vehicle currency, Article 8 currency
    3) эк. средство обращения (деньги, но также любой актив, выступающий как средство обращения, напр., монеты, банкноты, чеки, векселя, долговые расписки и т. п.)

    currency shipment — перевозка денег; партия (перевозимых) денег

    See:
    4) общ. распространенность, широкая применимость, употребительность

    Since the Gulf war, the term has gained new currency. — После войны в Персидском заливе данный термин вновь обрел частотность.

    5) общ. срок действия (чего-л., напр. контракта, страхового полиса и т. д.)

    during the currency of the agreement [policy] — в течение срока действия данного договора [полиса]

    The new English-Russian dictionary of financial markets > currency

  • 7 currency

    1. n употребительность, распространённость
    2. n денежное обращение
    3. n валюта, деньги
    4. n продолжительность, срок действия
    5. n австрал. арх. белый уроженец Австралии
    Синонимический ряд:
    1. money (noun) cash; coin; dough; filthy lucre; legal tender; loot; lucre; money; needful; pelf; rhino; rocks; stuff; swag; wampum
    2. paper money (noun) bank note; bill; certificate; dollar; federal reserve note; greenback; paper money

    English-Russian base dictionary > currency

  • 8 currency

    [ʹkʌrənsı] n
    1. употребительность, распространённость

    words in common currency - весьма употребительные /распространённые/ слова

    to gain /to acquire, to obtain/ currency - получить известность, распространиться

    to give currency to smth. - пускать что-л. в обращение /в оборот/; распространять что-л.

    many slang words have short currency - многие жаргонные словечки недолговечны

    2. денежное обращение
    3. валюта, деньги

    gold [silver] currency - золотая [серебряная] валюта

    hard currency - а) свободно конвертируемая валюта; б) дефицитная валюта ( для данной страны)

    4. продолжительность, срок действия (чего-л.)
    5. (Currency) австрал. арх. белый уроженец Австралии

    НБАРС > currency

  • 9 currency

    n
    1) вживаність, поширеність (про слова тошо)
    2) грошовий обіг
    3) валюта, гроші
    4) тривалість, строк чинності
    5) (тж C.) розм. уродженець Австралії
    * * *
    n
    1) уживаність, поширеність
    3) валюта, гроші

    hard currency — вільно конвертована валюта;; дефіцитна валюта ( для даної країни)

    4) тривалість, термін дії
    5) aвcтpaл.; icт. (Currency) білий уродженець Австралії

    English-Ukrainian dictionary > currency

  • 10 Currency

       The currency of Portugal was the escudo, consisting of 100 centavos until 1 January 1999, when the euro (€) became the legal tender. The escudo was accepted during a period of dual circulation, which ended on 28 February 2002. There are seven euro notes of 500, 200, 100, 50, 20, 10, and 5 euros and eight coins denominated in 1 and 2 euros and 50, 20, 10, 5, 2 and 1 cents.

    Historical dictionary of Portugal > Currency

  • 11 currency

    ˈkʌrənsɪ сущ.
    1) денежное обращение, оборот
    2) а) средство денежного обращения, деньги б) валюта free currency ≈ свободно конвертируемая валюта currency snake
    3) распространенность, широкая применимость, употребительность Syn: usualness, prevalence, vogue употребительность, распространенность - words in common * весьма употребительные слова - to gain * получить известность, распространиться - to give * to smth. пускать что-л. в обращение;
    распространять что-л. - don't give * to idle gossip не повторяйте вздорных сплетен - many slang words have short * многие жаргонные словечки недолговечны денежное обращение валюта, деньги - paper * бумажные деньги - gold * золотая валюта - foreign * иностранная валюта - hard * свободно конвертируемая валюта;
    дефицитная валюта - soft * неконвертируемая валюта - payable in * подлежащий оплате наличными продолжительность, срок действия - during the * of the contract в течение срока действия контракта( австралийское) (устаревшее) белый уроженец Австралии borrowing ~ валюта займа composite ~ составная валюта convertible ~ конвертируемая валюта counterfeit ~ фальшивая валюта currency валюта, деньги ~ валюта ~ денежное обращение ~ деньги ~ продолжительность ~ распространенность ~ срок действия ~ употребительность;
    this word (this game) is in common currency это очень распространенное слово( распространенная игра) ;
    to give currency (to smth.) пускать (что-л.) в обращение ~ употребительность ~ convertible in fact фактически конвертируемая валюта ~ in circulation бумажные деньги и монеты в обращении ~ in circulation денежная масса в обращении ~ in opposition валюта в оппозиции ~ of borrowing валютный заем ~ of payment валюта платежа decimal ~ десятичная денежная система devaluated ~ девальвированная валюта devalue a ~ девальвировать валюту devalue a ~ проводить девальвацию валюты domestic ~ местная валюта external value of a ~ интернациональная стоимость валюты floating ~ валюта с плавающим курсом foreign ~ девизы foreign ~ иностранная валюта forward ~ валюта на срок forward ~ форвардная валюта freely convertible ~ свободно конвертируемая валюта freely floating ~ валюта со свободно колеблющимся курсом functional ~ официальная валюта ~ употребительность;
    this word (this game) is in common currency это очень распространенное слово (распространенная игра) ;
    to give currency (to smth.) пускать (что-л.) в обращение gold-pegged ~ валюта, курс которой привязан к стоимости золота hard ~ вал.-фин. конвертируемая валюта hard ~ вал.-фин. твердая валюта hard: ~ устойчивый;
    hard prices устойчивые цены;
    hard currency устойчивая валюта key ~ вал.-фин. ключевая валюта key ~ вал.-фин. резервная валюта legal ~ законная валюта low-inflation ~ валюта с низкими темпами инфляции low-inflation ~ валюта с устойчивым курсом low-interest ~ валюта с низкой процентной ставкой main ~ основная денежная единица managed ~ регулируемая валюта nonconvertible ~ неконвертируемая валюта paper ~ бумажные деньги pegged ~ валюта с искусственно поддерживаемым курсом principal ~ основная валюта refuge ~ вывозимая валюта reserve ~ резервная валюта scarce ~ дефицитная валюта snake ~ валюта с ограниченными колебаниями курса при свободном плавании относительно доллара США soft ~ валюта с понижательной тенденцией курса soft ~ неконвертируемая валюта specified ~ валюта для платежей за экспорт в страны, не входящие в стерлинговую зону (Великобритания) stabilized ~ устойчивая валюта suspend a ~ приостанавливать операции с определенной валютой ~ употребительность;
    this word (this game) is in common currency это очень распространенное слово (распространенная игра) ;
    to give currency (to smth.) пускать (что-л.) в обращение undervalued ~ валюта с заниженным курсом

    Большой англо-русский и русско-английский словарь > currency

  • 12 currency

    American - currencies; noun
    (the money (notes and coins) of a country: the currencies of the world; foreign currency.)
    valuta
    subst. \/ˈkʌr(ə)nsɪ\/
    1) valuta, myntsort, myntenhet
    2) omløp, sirkulasjon, utbredelse, gangbarhet
    3) gyldighetstid, løpetid, livstid
    4) ( EDB) aktualitet
    coin and currency betalingsmiddel
    give currency to something gjøre noe allment kjent\/brukt

    English-Norwegian dictionary > currency

  • 13 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

  • 14 Economy

       Portugal's economy, under the influence of the European Economic Community (EEC), and later with the assistance of the European Union (EU), grew rapidly in 1985-86; through 1992, the average annual growth was 4-5 percent. While such growth rates did not last into the late 1990s, portions of Portugal's society achieved unprecedented prosperity, although poverty remained entrenched. It is important, however, to place this current growth, which includes some not altogether desirable developments, in historical perspective. On at least three occasions in this century, Portugal's economy has experienced severe dislocation and instability: during the turbulent First Republic (1911-25); during the Estado Novo, when the world Depression came into play (1930-39); and during the aftermath of the Revolution of 25 April, 1974. At other periods, and even during the Estado Novo, there were eras of relatively steady growth and development, despite the fact that Portugal's weak economy lagged behind industrialized Western Europe's economies, perhaps more than Prime Minister Antônio de Oliveira Salazar wished to admit to the public or to foreigners.
       For a number of reasons, Portugal's backward economy underwent considerable growth and development following the beginning of the colonial wars in Africa in early 1961. Recent research findings suggest that, contrary to the "stagnation thesis" that states that the Estado Novo economy during the last 14 years of its existence experienced little or no growth, there were important changes, policy shifts, structural evolution, and impressive growth rates. In fact, the average annual gross domestic product (GDP) growth rate (1961-74) was about 7 percent. The war in Africa was one significant factor in the post-1961 economic changes. The new costs of finance and spending on the military and police actions in the African and Asian empires in 1961 and thereafter forced changes in economic policy.
       Starting in 1963-64, the relatively closed economy was opened up to foreign investment, and Lisbon began to use deficit financing and more borrowing at home and abroad. Increased foreign investment, residence, and technical and military assistance also had effects on economic growth and development. Salazar's government moved toward greater trade and integration with various international bodies by signing agreements with the European Free Trade Association and several international finance groups. New multinational corporations began to operate in the country, along with foreign-based banks. Meanwhile, foreign tourism increased massively from the early 1960s on, and the tourism industry experienced unprecedented expansion. By 1973-74, Portugal received more than 8 million tourists annually for the first time.
       Under Prime Minister Marcello Caetano, other important economic changes occurred. High annual economic growth rates continued until the world energy crisis inflation and a recession hit Portugal in 1973. Caetano's system, through new development plans, modernized aspects of the agricultural, industrial, and service sectors and linked reform in education with plans for social change. It also introduced cadres of forward-looking technocrats at various levels. The general motto of Caetano's version of the Estado Novo was "Evolution with Continuity," but he was unable to solve the key problems, which were more political and social than economic. As the boom period went "bust" in 1973-74, and growth slowed greatly, it became clear that Caetano and his governing circle had no way out of the African wars and could find no easy compromise solution to the need to democratize Portugal's restive society. The economic background of the Revolution of 25 April 1974 was a severe energy shortage caused by the world energy crisis and Arab oil boycott, as well as high general inflation, increasing debts from the African wars, and a weakening currency. While the regime prescribed greater Portuguese investment in Africa, in fact Portuguese businesses were increasingly investing outside of the escudo area in Western Europe and the United States.
       During the two years of political and social turmoil following the Revolution of 25 April 1974, the economy weakened. Production, income, reserves, and annual growth fell drastically during 1974-76. Amidst labor-management conflict, there was a burst of strikes, and income and productivity plummeted. Ironically, one factor that cushioned the economic impact of the revolution was the significant gold reserve supply that the Estado Novo had accumulated, principally during Salazar's years. Another factor was emigration from Portugal and the former colonies in Africa, which to a degree reduced pressures for employment. The sudden infusion of more than 600,000 refugees from Africa did increase the unemployment rate, which in 1975 was 10-15 percent. But, by 1990, the unemployment rate was down to about 5-6 percent.
       After 1985, Portugal's economy experienced high growth rates again, which averaged 4-5 percent through 1992. Substantial economic assistance from the EEC and individual countries such as the United States, as well as the political stability and administrative continuity that derived from majority Social Democratic Party (PSD) governments starting in mid-1987, supported new growth and development in the EEC's second poorest country. With rapid infrastruc-tural change and some unregulated development, Portugal's leaders harbored a justifiable concern that a fragile environment and ecology were under new, unacceptable pressures. Among other improvements in the standard of living since 1974 was an increase in per capita income. By 1991, the average minimum monthly wage was about 40,000 escudos, and per capita income was about $5,000 per annum. By the end of the 20th century, despite continuing poverty at several levels in Portugal, Portugal's economy had made significant progress. In the space of 15 years, Portugal had halved the large gap in living standards between itself and the remainder of the EU. For example, when Portugal joined the EU in 1986, its GDP, in terms of purchasing power-parity, was only 53 percent of the EU average. By 2000, Portugal's GDP had reached 75 percent of the EU average, a considerable achievement. Whether Portugal could narrow this gap even further in a reasonable amount of time remained a sensitive question in Lisbon. Besides structural poverty and the fact that, in 2006, the EU largesse in structural funds (loans and grants) virtually ceased, a major challenge for Portugal's economy will be to reduce the size of the public sector (about 50 percent of GDP is in the central government) to increase productivity, attract outside investment, and diversify the economy. For Portugal's economic planners, the 21st century promises to be challenging.

    Historical dictionary of Portugal > Economy

  • 15 World War II

    (1939-1945)
       In the European phase of the war, neutral Portugal contributed more to the Allied victory than historians have acknowledged. Portugal experienced severe pressures to compromise her neutrality from both the Axis and Allied powers and, on several occasions, there were efforts to force Portugal to enter the war as a belligerent. Several factors lent Portugal importance as a neutral. This was especially the case during the period from the fall of France in June 1940 to the Allied invasion and reconquest of France from June to August 1944.
       In four respects, Portugal became briefly a modest strategic asset for the Allies and a war materiel supplier for both sides: the country's location in the southwesternmost corner of the largely German-occupied European continent; being a transport and communication terminus, observation post for spies, and crossroads between Europe, the Atlantic, the Americas, and Africa; Portugal's strategically located Atlantic islands, the Azores, Madeira, and Cape Verde archipelagos; and having important mines of wolfram or tungsten ore, crucial for the war industry for hardening steel.
       To maintain strict neutrality, the Estado Novo regime dominated by Antônio de Oliveira Salazar performed a delicate balancing act. Lisbon attempted to please and cater to the interests of both sets of belligerents, but only to the extent that the concessions granted would not threaten Portugal's security or its status as a neutral. On at least two occasions, Portugal's neutrality status was threatened. First, Germany briefly considered invading Portugal and Spain during 1940-41. A second occasion came in 1943 and 1944 as Great Britain, backed by the United States, pressured Portugal to grant war-related concessions that threatened Portugal's status of strict neutrality and would possibly bring Portugal into the war on the Allied side. Nazi Germany's plan ("Operation Felix") to invade the Iberian Peninsula from late 1940 into 1941 was never executed, but the Allies occupied and used several air and naval bases in Portugal's Azores Islands.
       The second major crisis for Portugal's neutrality came with increasing Allied pressures for concessions from the summer of 1943 to the summer of 1944. Led by Britain, Portugal's oldest ally, Portugal was pressured to grant access to air and naval bases in the Azores Islands. Such bases were necessary to assist the Allies in winning the Battle of the Atlantic, the naval war in which German U-boats continued to destroy Allied shipping. In October 1943, following tedious negotiations, British forces began to operate such bases and, in November 1944, American forces were allowed to enter the islands. Germany protested and made threats, but there was no German attack.
       Tensions rose again in the spring of 1944, when the Allies demanded that Lisbon cease exporting wolfram to Germany. Salazar grew agitated, considered resigning, and argued that Portugal had made a solemn promise to Germany that wolfram exports would be continued and that Portugal could not break its pledge. The Portuguese ambassador in London concluded that the shipping of wolfram to Germany was "the price of neutrality." Fearing that a still-dangerous Germany could still attack Portugal, Salazar ordered the banning of the mining, sale, and exports of wolfram not only to Germany but to the Allies as of 6 June 1944.
       Portugal did not enter the war as a belligerent, and its forces did not engage in combat, but some Portuguese experienced directly or indirectly the impact of fighting. Off Portugal or near her Atlantic islands, Portuguese naval personnel or commercial fishermen rescued at sea hundreds of victims of U-boat sinkings of Allied shipping in the Atlantic. German U-boats sank four or five Portuguese merchant vessels as well and, in 1944, a U-boat stopped, boarded, searched, and forced the evacuation of a Portuguese ocean liner, the Serpa Pinto, in mid-Atlantic. Filled with refugees, the liner was not sunk but several passengers lost their lives and the U-boat kidnapped two of the ship's passengers, Portuguese Americans of military age, and interned them in a prison camp. As for involvement in a theater of war, hundreds of inhabitants were killed and wounded in remote East Timor, a Portuguese colony near Indonesia, which was invaded, annexed, and ruled by Japanese forces between February 1942 and August 1945. In other incidents, scores of Allied military planes, out of fuel or damaged in air combat, crashed or were forced to land in neutral Portugal. Air personnel who did not survive such crashes were buried in Portuguese cemeteries or in the English Cemetery, Lisbon.
       Portugal's peripheral involvement in largely nonbelligerent aspects of the war accelerated social, economic, and political change in Portugal's urban society. It strengthened political opposition to the dictatorship among intellectual and working classes, and it obliged the regime to bolster political repression. The general economic and financial status of Portugal, too, underwent improvements since creditor Britain, in order to purchase wolfram, foods, and other materials needed during the war, became indebted to Portugal. When Britain repaid this debt after the war, Portugal was able to restore and expand its merchant fleet. Unlike most of Europe, ravaged by the worst war in human history, Portugal did not suffer heavy losses of human life, infrastructure, and property. Unlike even her neighbor Spain, badly shaken by its terrible Civil War (1936-39), Portugal's immediate postwar condition was more favorable, especially in urban areas, although deep-seated poverty remained.
       Portugal experienced other effects, especially during 1939-42, as there was an influx of about a million war refugees, an infestation of foreign spies and other secret agents from 60 secret intelligence services, and the residence of scores of international journalists who came to report the war from Lisbon. There was also the growth of war-related mining (especially wolfram and tin). Portugal's media eagerly reported the war and, by and large, despite government censorship, the Portuguese print media favored the Allied cause. Portugal's standard of living underwent some improvement, although price increases were unpopular.
       The silent invasion of several thousand foreign spies, in addition to the hiring of many Portuguese as informants and spies, had fascinating outcomes. "Spyland" Portugal, especially when Portugal was a key point for communicating with occupied Europe (1940-44), witnessed some unusual events, and spying for foreigners at least briefly became a national industry. Until mid-1944, when Allied forces invaded France, Portugal was the only secure entry point from across the Atlantic to Europe or to the British Isles, as well as the escape hatch for refugees, spies, defectors, and others fleeing occupied Europe or Vichy-controlled Morocco, Tunisia, and Algeria. Through Portugal by car, ship, train, or scheduled civil airliner one could travel to and from Spain or to Britain, or one could leave through Portugal, the westernmost continental country of Europe, to seek refuge across the Atlantic in the Americas.
       The wartime Portuguese scene was a colorful melange of illegal activities, including espionage, the black market, war propaganda, gambling, speculation, currency counterfeiting, diamond and wolfram smuggling, prostitution, and the drug and arms trade, and they were conducted by an unusual cast of characters. These included refugees, some of whom were spies, smugglers, diplomats, and business people, many from foreign countries seeking things they could find only in Portugal: information, affordable food, shelter, and security. German agents who contacted Allied sailors in the port of Lisbon sought to corrupt and neutralize these men and, if possible, recruit them as spies, and British intelligence countered this effort. Britain's MI-6 established a new kind of "safe house" to protect such Allied crews from German espionage and venereal disease infection, an approved and controlled house of prostitution in Lisbon's bairro alto district.
       Foreign observers and writers were impressed with the exotic, spy-ridden scene in Lisbon, as well as in Estoril on the Sun Coast (Costa do Sol), west of Lisbon harbor. What they observed appeared in noted autobiographical works and novels, some written during and some after the war. Among notable writers and journalists who visited or resided in wartime Portugal were Hungarian writer and former communist Arthur Koestler, on the run from the Nazi's Gestapo; American radio broadcaster-journalist Eric Sevareid; novelist and Hollywood script-writer Frederick Prokosch; American diplomat George Kennan; Rumanian cultural attache and later scholar of mythology Mircea Eliade; and British naval intelligence officer and novelist-to-be Ian Fleming. Other notable visiting British intelligence officers included novelist Graham Greene; secret Soviet agent in MI-6 and future defector to the Soviet Union Harold "Kim" Philby; and writer Malcolm Muggeridge. French letters were represented by French writer and airman, Antoine Saint-Exupery and French playwright, Jean Giroudoux. Finally, Aquilino Ribeiro, one of Portugal's premier contemporary novelists, wrote about wartime Portugal, including one sensational novel, Volframio, which portrayed the profound impact of the exploitation of the mineral wolfram on Portugal's poor, still backward society.
       In Estoril, Portugal, the idea for the world's most celebrated fictitious spy, James Bond, was probably first conceived by Ian Fleming. Fleming visited Portugal several times after 1939 on Naval Intelligence missions, and later he dreamed up the James Bond character and stories. Background for the early novels in the James Bond series was based in part on people and places Fleming observed in Portugal. A key location in Fleming's first James Bond novel, Casino Royale (1953) is the gambling Casino of Estoril. In addition, one aspect of the main plot, the notion that a spy could invent "secret" intelligence for personal profit, was observed as well by the British novelist and former MI-6 officer, while engaged in operations in wartime Portugal. Greene later used this information in his 1958 spy novel, Our Man in Havana, as he observed enemy agents who fabricated "secrets" for money.
       Thus, Portugal's World War II experiences introduced the country and her people to a host of new peoples, ideas, products, and influences that altered attitudes and quickened the pace of change in this quiet, largely tradition-bound, isolated country. The 1943-45 connections established during the Allied use of air and naval bases in Portugal's Azores Islands were a prelude to Portugal's postwar membership in the North Atlantic Treaty Organization (NATO).

    Historical dictionary of Portugal > World War II

  • 16 collapse

    kə'læps
    1) (to fall down and break into pieces: The bridge collapsed under the weight of the traffic.) derrumbarse
    2) ((of a person) to fall down especially unconscious, because of illness, shock etc: She collapsed with a heart attack.) sufrir un colapso
    3) (to break down, fail: The talks between the two countries have collapsed.) fracasar
    4) (to fold up or to (cause to) come to pieces (intentionally): Do these chairs collapse?) plegarse
    •
    1. derrumbarse / hundirse / venirse abajo
    2. desplomarse
    tr[kə'læps]
    1 (falling down) derrumbamiento; (falling in) hundimiento
    2 (failure, breakdown) fracaso
    3 (prices, currency) caída en picado; (business, company) quiebra
    4 SMALLMEDICINE/SMALL colapso
    1 (building, bridge, etc) derrumbarse, desplomarse; (roof) hundirse, venirse abajo; (tired person) desplomarse
    2 SMALLMEDICINE/SMALL (person) sufrir un colapso
    3 (fail - project, talks, etc) fracasar, venirse abajo; (- hopes) desvanecerse
    4 (prices, currency) caer en picado; (business, company) quebrar, ir a la bancarrota
    5 (chair, table) plegarse
    1 (table) plegar
    \
    SMALLIDIOMATIC EXPRESSION/SMALL
    to collapse with laughter desternillarse de risa
    collapsed lung colapso pulmonar
    collapse [kə'læps] vi, - lapsed ; - lapsing
    1) : derrumbarse, desplomarse, hundirse
    the building collapsed: el edificio se derrumbó
    2) fall: desplomarse, caerse
    he collapsed on the bed: se desplomó en la cama
    to collapse with laughter: morirse de risa
    3) fail: fracasar, quebrar, arruinarse
    4) fold: plegarse
    1) fall: derrumbe m, desplome m
    2) breakdown, failure: fracaso m, colapso m (físico), quiebra f (económica)
    n.
    • caída s.f.
    • colapso s.m.
    • derrumbamiento s.m.
    • despeño s.m.
    • desplome s.m.
    • fracaso s.m.
    • hundimiento s.m.
    v.
    • aplanarse v.
    • aplomarse v.
    • derrumbarse v.
    • desmayarse v.
    • desplomar v.
    • hundir v.
    • plegar v.

    I kə'læps
    1) ( fall down) \<\<building\>\> derrumbarse, desmoronarse, desplomarse
    2)
    a) ( fall) \<\<person\>\> desplomarse
    b) ( Med) \<\<person\>\> sufrir un colapso
    3) ( fail) fracasar, venirse* abajo
    4)
    a) ( fold up) \<\<table/chair\>\> plegarse*
    b) collapsing pres p <table/chair> plegable

    II
    count & mass noun
    a) ( of building) derrumbe m, desmoronamiento m
    b) ( Med) colapso m
    c) ( of plan) fracaso m; ( of company) quiebra f
    [kǝ'læps]
    1.
    N (Med) colapso m ; [of building, roof, floor] hundimiento m, desplome m ; [of government] caída f ; [of plans, scheme] fracaso m ; (financial) ruina f ; [of civilization, society] ocaso m ; (Comm) [of business] quiebra f ; [of prices] hundimiento m, caída f
    2. VI
    1) [person] (Med) sufrir un colapso; (with laughter) morirse (de risa); [building, roof, floor] hundirse, desplomarse; [civilization, society] desaparecer, extinguirse; [government] caer; [scheme] fracasar; [business] quebrar; [prices] hundirse, bajar repentinamente
    2) (=fold down) plegarse, doblarse
    * * *

    I [kə'læps]
    1) ( fall down) \<\<building\>\> derrumbarse, desmoronarse, desplomarse
    2)
    a) ( fall) \<\<person\>\> desplomarse
    b) ( Med) \<\<person\>\> sufrir un colapso
    3) ( fail) fracasar, venirse* abajo
    4)
    a) ( fold up) \<\<table/chair\>\> plegarse*
    b) collapsing pres p <table/chair> plegable

    II
    count & mass noun
    a) ( of building) derrumbe m, desmoronamiento m
    b) ( Med) colapso m
    c) ( of plan) fracaso m; ( of company) quiebra f

    English-spanish dictionary > collapse

  • 17 premium

    1. сущ.
    сокр. prem
    1) общ. награда, вознаграждение, премия (что-л. предоставляемое в качестве стимула в каком-л. проекте, какой-л. системе и пр.)

    consumer premium — подарок [премия\] потребителю*

    The program will award points to consumers for each brewery visit during the week, allowing them to earn premiums such as beer mugs and logo shirts.

    Mortgage brokers, who match borrowers with lenders, can earn premiums by steering borrowers to higher-rate loans.

    They claim that lenders on the higher-than-market rate loans will pay a premium to the mortgage broker and that those payments will be used to pay the fees associated with the low-interest loans.

    See:
    2) страх. = insurance premium

    ATTRIBUTES: adjustable, assumed 3) а), base 3. 3) а), direct 1. 3) а), earned 1. 1) а), fixed 1. 4) а), flexible 1. 2) б), gross 1. 3) а), а initial 1. 2) б), level 2. 3) б), lump sum, net 3. 3) а), n1а outstanding 1. 3) а), periodic 1. 1) а), regular 1. 2) б), n2 subject 1. 2) б), n2 underlying 1. 2) б), n2 variable 1. 2) б), n2 written 1. 4) а), б

    annual [yearly\] premium — ежегодная премия

    monthly [biweekly, weekly\] premium — ежемесячная [двухнедельная, еженедельная\] премия

    annual [monthly, weekly\] premium insurance — страхование с ежегодной [ежемесячной, еженедельной\] уплатой премий [премии\]

    annual premium policy — полис с ежегодной уплатой премий [премии\]

    ATTRIBUTES:

    paid premium — уплаченная [выплаченная\] премия

    The refund of paid premium is based on the insured's age at death and is decreased by any benefits paid under the plan.

    Company-paid premiums are deductible by the employer as an ordinary and necessary business expense. — Уплаченные компанией премии подлежат вычету работодателем как обычные и необходимые деловые расходы.

    For federal tax purposes the employer-paid premiums are taxed as additional earned income for the employee. — Для целей федерального налогообложения, уплаченные работодателем премии облагаются налогом как дополнительный заработанный доход работника.

    Employee-paid premiums for health insurance vary by salary. — Размер уплачиваемых работником премий по страхованию здоровья меняется в зависимости от размера оклада.

    We can recover overpaid premiums for the last three policy years.

    unpaid premium — неуплаченная [невыплаченная\] премия

    The late charge formula is the unpaid premium amount multiplied by four percent.

    COMBS:

    life insurance premiums, life premiums — премии по страхованию жизни

    non-life insurance premiums, non-life premiums — премии по страхованию иному, чем страхование жизни; премии по страхованию "не жизни"

    health insurance premiums, health premiums — премии по страхованию здоровья

    liability insurance premiums, liability premiums — премии по страхованию ответственности

    disability insurance premiums, disability premiums — премии по страхованию от [на случай\] нетрудоспособности

    property insurance premiums, property premiums — премии по страхованию имущества

    premium payment — уплата [выплата\] премии; премиальный платеж

    Mortgage insurance premium payments are made once per year. — Выплаты премий по ипотечному страхованию осуществляются раз в год.

    premium of $1000, $1000 premium — премия [надбавка\] в размере 1000 долл.

    Our commercial premium finance program allows you to finance premiums from $0 to $200000 or more.

    The policies in question have a waiver of premium benefit, whereby the insurer would waive premiums during any period in which the policyholder is disabled.

    We cede premiums and losses to reinsurers under quota share reinsurance agreements. — Мы передаем премии и убытки перестраховщиками на основании договоров квотного перестрахования.

    Also, under our quota share assumed reinsurance contracts, we will continue to assume premiums through the third quarter of 2006. — Также, на основании принятых договоров квотного перестрахования, мы будем продолжать принимать премии на протяжении третьего квартала 2006 г.

    to write premiums — подписывать премии*; страховать*, принимать на страхование*, осуществлять страхование*

    In general, for insurers to write premiums in California, they must be admitted by the Insurance Commissioner. — В общем, для того, чтобы страховщики смогли осуществлять страховую деятельность в Калифорнии, они должны получить разрешение уполномоченного по страхованию.

    The company is licensed to write insurance business in all 50 states, has specialty lines in risk insurance for architects and lawyers and is expected to write premiums of $75 million this year. — Компания имеет лицензию на осуществление страховой деятельности во все 50 штатах, предлагает специальные разновидности страхования рисков для архитекторов и юристов и, как ожидается, подпишет в этом году премий на сумму 75 млн долл.

    Moreover, an insurance company that earns premiums between $300,000 and $1,000,000 is taxed at a reduced rate.

    If you want to pay premiums for a limited time, the limited payment whole life policy gives you lifetime protection but requires only a limited number of premium payments.

    to raise [to increase\] premiums — увеличивать премии

    to reduce [to decrease, to cut\] premiums — уменьшать премии

    premiums go down — премии снижаются [уменьшаются\]

    See:
    adjustable premium, advance premium, annual premium, annuity premium, base premium, beneficiary premium, deposit premium, direct premiums, earned premium, financed insurance premium, financed premium, fixed premium, flexible premium, graded premium, gross premium, in-force premiums, initial premium, level premium, lump sum premium, modified premium, mortgage insurance premium, net premium, net retained premiums, new business premiums, outstanding premiums, periodic premium, premium earned, premiums in force, premium written, regular premium, reinsurance premium, renewal premium, retained premiums, retrospective premium, return premium, single premium, subject premium, surplus line premium, surplus lines premium, underlying premium, unearned premium, valuation premium, vanishing premium, variable premium, written premium, yearly premium, overall premium limit, premium audit, premium auditor, premium base, premium bordereau, premium conversion, premium discount, premium financing, premium holiday, premium income б), premium loan, premium notice, premium rate 1) б), premium receipt, premium refund, premium subsidy, premium tax, premium trust fund, return of premium, waiver of premium, continuous-premium whole life, premium only plan, premium-to-surplus ratio
    3)

    to fetch a premium [a premium price\] — продаваться с надбавкой [с премией\]

    Premium products generally fetch a premium price. — Премиальные товары обычно продаются с надбавкой [с премией\].

    to command a premium [a premium price\] — продаваться с надбавкой [с премией\], продаваться по премиальной цене

    Some products command a premium price in the marketplace simply because they are considered to be higher in quality. — Некоторые товары продаются на рынке по премиальной цене просто из-за того, что они считаются товарами более высокого качества.

    to command a premium — содержать надбавку [премию\]* (о ценах, ставках)

    As long as there is a threat of war in the Middle Eastern oil fields, oil prices will command a premium. — До тех пор, пока существует угроза войны на территории средневосточных нефтяных месторождений, цены на нефть будут содержать надбавку.

    to attract a premium/a premium price/a premium rate — продаваться с премией [надбавкой\], стоить дороже; оплачиваться с надбавкой [с премией\]*

    Because of their locations these houses attract a premium. — Благодаря своему расположению эти дома стоят дороже.

    Therefore, when we buy your diamond, we can pay a premium over the current market price.

    For which services are customers willing to pay a premium when flying with a low-fare airline?

    Ant:
    See:
    б) фин. премия (сумма, на которую цена размещения или текущая рыночная цена ценной бумаги больше ее номинала)

    ATTRIBUTES: amortizable б)

    COMBS:

    $20-a-share premium — премия в размере $20 на (одну) акцию

    H-P will buy 1,2 million Convex shares at $14.875 a share, representing a 1,25-a-share premium over the price of Convex stock. — "H-P" купит 1,2 млн акций компании "Конвекс" по цене 14,875 долл. за штуку, что означает уплату премии в размере 1,25 долл. на акцию сверх цены акций "Конвекса".

    COMBS:

    premium over [to\] market price — премия к рыночной цене, премия сверх рыночной цены

    premium over [to\] issue price — премия к эмиссионной цене, премия сверх эмиссионной цены

    premium payment — уплата [выплата\] премии; премиальный платеж

    Mortgage insurance premium payments are made once per year. — Выплаты премий по ипотечному страхованию осуществляются раз в год.

    premium of $1000, $1000 premium — премия [надбавка\] в размере 1000 долл.

    10% premium, premium of 10% — премия [надбавка\] в размере 10%

    The shares jumped to a 70 per cent premium on the first day.

    Of all the common bond-tax errors, the most surprising to me is neglecting to amortize premiums paid on taxable bonds.

    For premium securities, we project the excess coupon. payments using our prepayment assumption.

    Ant:
    See:
    в) фин. премия (при оценке стоимости предприятия или крупных пакетов акций: разница, на которую фактически согласованная цена предприятия/пакета акций больше базовой рыночной цены)
    See:
    г) эк. премия; надбавка (сумма, на которую цена товара, услуги или ценной бумаги превышает цену сходного товара, услуги или ценной бумаги)

    Currently, US small caps are trading at a 15.7 per cent premium to large caps. — В настоящее время, акции американских компаний с маленькой капитализацией по сравнению с акциями компаний с большой капитализацией торгуются с премией в размере 15,7%.

    Platinum usually trades at a premium to gold. — Платина обычно продается по более высокой цене, чем золото.

    See:
    д) фин. ажио (превышение стоимости золотых или серебряных денег по сравнению с бумажными деньгами)
    Syn:
    agio в)
    See:
    е) эк. премия; надбавка (в самом общем смысле: дополнительная сумма, на которую увеличена базовая стоимость или другая базовая величина)

    перен. to put [place\] a premium on (smth.) — считать (что-л.) исключительно важным [ценным\], придавать (чему-л.) большое значение

    He put a premium on peace and stability. — Он считает исключительно важным поддержание мира и стабильности.

    Employers today put a premium on reasoning skills and willingness to learn. — В наше время работодатели придают большое значение умению рассуждать и готовности учиться.

    Ant:
    See:
    4) эк. тр. премия, (премиальная) надбавка (дополнительное вознаграждение, выплачиваемое в дополнение к заработной плате в качестве поощрения за хорошую работу, работу в сверхурочные и т. п.)

    COMBS:

    premium payment — уплата [выплата\] премии; премиальный платеж

    premium of $1000, $1000 premium — премия [надбавка\] в размере 1000 долл.

    to attract a premium/a premium rate — оплачиваться с надбавкой [с премией\]*

    In many industries work on Saturday or Sunday will attract a premium on the ordinary hourly rate. — Во многих отраслях работа в субботу или воскресенье предусматривает выплату надбавки сверх обычной часовой ставки.

    Neither federal law nor state law requires local government employers to give employees paid holidays or to pay a premium when employees must work on what would otherwise be a holiday.

    Syn:
    bonus 3)
    See:
    5) фин. = option premium

    Investors willing to buy stock at certain prices might consider selling puts to earn premiums, while those willing to sell shares at certain prices might think about selling calls.

    When you purchase an option, you pay a premium. — Покупая опцион, вы уплачиваете премию.

    See:
    2. прил.
    1) общ. первосортный, высшего качества [сорта\], исключительный, премиальный

    premium product — премиальный товар, товар высшего сорта

    premium card — первоклассная [приоритетная, премиальная\] карта [карточка\]*

    premium space — привилегированное [премиальное\] место*

    premium advertising — премиальная [первосортная, элитная\] реклама*

    premium customer — премиальный клиент [покупатель\]*

    premium quality — премиальное [высшее\] качество; премиальный [высший\] сорт

    premium grade — премиальный [высший\] сорт

    See:
    2) эк. премиальный, с премией, с надбавкой (о ценах, ставках выше обычного уровня)

    premium price — цена с надбавкой, цена с премией, премиальная цена

    See:

    * * *
    premium; PM; Prem премия, маржа: 1) премия (надбавка) к цене, курсу: разница между более высокой текущей (рыночной) и номинальной ценами финансового актива (напр., облигации); см. discount; 2) разница между более высоким срочным (форвардным) и наличным валютными курсами, т. е. валюта на срок продается с премией; 3) ажио: более высокая стоимость золотых или бумажных денег по отношению к бумажным деньгам; 4) цена опциона: сумма, уплачиваемая за получение права продать или купить финансовый инструмент; 5) = insurance premium; 6) платеж по рентному контракту; 7) = call premium; 8) льгота, призванная привлечь вкладчиков или заемщиков, а также покупателей товаров и услуг (напр., повышенная процентная ставка, скидки с цен и др.); 9) надбавка к рыночной цене, которую иногда приходится уплачивать при заимствованиях ценных бумаг для их поставки по "короткой" продаже; 10) разница в цене между данной ценной бумагой и сходными бумагами или индексом (напр., говорят: "бумага продается с премией к аналогичным бумагам"); 11) новая ценная бумага, продающаяся с премией; 12) надбавка к рыночной цене ценных бумаг в случае тендерного предложения; см. premium raid;
    * * *
    Финансы/Кредит/Валюта
    отклонение в сторону превышения рыночного курса денежных знаков и ценных бумаг от их нарицательной стоимости
    -----
    разница между рыночной ценой и ценой эмиссии акции или ценной бумаги; при начале операции с акциями нового выпуска говорится, что рыночная цена включает премию по отношению к цене эмиссии
    -----
    сумма, выплачиваемая держателем полиса для получения страховой суммы в нужный момент
    -----
    Банки/Банковские операции
    премия, вознаграждение, надбавка

    Англо-русский экономический словарь > premium

  • 18 change

    1. I
    1) the weather (the colour, the city, etc.) changes погода и т. д. меняется
    2) you have just time to change у вас как раз есть время переодеться; take me five minutes to change и пяти минут не пройдет, как я буду готов /переоденусь/
    2. II
    1) change in some manner change very much (noticeably, suddenly, undeniably, etc.) сильно и т. д. (из)меняться; this country has changed a lot economically с экономической точки зрения эта страна претерпела большие изменения; а perpetually changing world постоянно /вечно/ меняющийся мир; change at some time change often часто меняться; you have changed of late вы изменились за последнее время
    2) change somewhere where do we -? где у нас пересадка?; all change here! поезд дальше не идет /не пойдет/!
    3. III
    1) change smth., smb. change plates (the front tyre, the curtains, the instructors, etc.) заменять тарелки и т. д.; change the guard сменить часовых /караул/; change a book обменять книгу; change houses (rooms) переехать в другой дом (в другую комнату); change hands переходить в другие руки /из рук в руки/, менять владельца; change one's address поменять адрес, переехать; change one's name сменить имя или фамилию; change seats /places/ поменяться местами; I won't like to change places with you не хотел бы я быть на вашем месте; change parties перейти в другую партию; change sides перейти на другую сторону /на сторону противника, в другой лагерь/; change step (foot) сменить шаг (ногу); change the subject (one's opinion, one's convictions, one's way of thinking, one's line of conduct, one's habits, a man's nature, a man's character, the situation, one's diet, etc.) изменять тему (разговора) и т. д;change one's mind изменить свое решение /мнение/, передумать; we may have to change our plans возможно, [что] нам придется изменить [ свои] планы || change colour изменяться в лице ( покраснеть или побледнеть)
    2) change smth., smb. change one's clothes (one's dress, one's coat, etc.) сменить одежду, надеть другое платье и т. д., переодеться; change the bedclothes /the bed/ сменить постельное белье; she is changing the baby она меняет ребенку пеленки или переодевает ребенка
    3) change smth. change trains пересесть в другой поезд, сделать пересадку; change carriages (пере)сесть в другой вагон; change horses сменить лошадей
    4) change smth. change money (a banknote, a hundred-rouble bill, a five-pound note, etc.) разменять деньги и т. д., can you change a one-pound note? вы можете разменять [бумажку в] одни фунт?
    4. IV
    1) change smb., smth. somewhere change the bed upstairs сменить постельное белье [в спальнях] наверху
    2) change smth. somewhere change trains (buses, planes, etc.) here сделать здесь пересадку на другой поезд и т. д.
    5. V
    change smb. some money change him the money (her a travellers' check, me a five-pound note, etc.) разменять ему деньги и т. д.
    6. XI
    be changed the appearance of the town is quite changed Облик города очень изменялся; be changed by smth. water is changed into steam by heat под действием тепла вода превращается в пар; the policy was changed by the course of events ход событий привел к изменению политики; be changed to smth. the meeting (the opening night, the exam, etc.) has been changed to Monday (to another day, etc.) собрание и т. д. перенесено на понедельник и т. д.',the name of the city has been changed to Leningrad город стал называться Ленинградом
    7. XVI
    1) change in smth. change in colour (in appearance, etc.) измениться по цвету и т. д.; change markedly (considerably, drastically, fundamentally, profoundly, etc.) in smth. претерпеть заметные и т. д. изменения в чем-л.; change beyond recognition измениться до неузнаваемости; lecturing has changed considerably in method during the last two decades методы чтения лекционных курсов за последние двадцать лет значительно изменились; change for smth. change for the better ( for the worse) (изменяться к лучшему (к худшему); my fortune (the weather) has changed for the better моя судьба (погода) изменилась к лучшему; change at some time change with the times (with the season, from day to day, etc.) (изменяться со временем и т. д.
    2) change (in)to smth., smb. change til snow (to slush, into water, into a woman, etc.) превратиться в снег и т. д., стать снегом и т. д.', change into different shapes принимать разные /различные/ формы /очертания/; caterpillars change into butterflies гусеницы превращаются в бабочек; change from smth., smb. (in)to smth., smb. change from one shape into another изменять форму /очертания/; the wind has changed from north to east северный ветер сменялся восточным; her hair changed from black to white ее черная голова поседела; in autumn the leaves change from green to brown листья осенью желтеют; he changed from a well-behaved, obedient child into a stubborn adolescent он превратился из воспитанного послушного ребенка в упрямого под ростка
    3) change into smth. change into one's working clothes (into flannels, into a new suit, etc.) переодеться в рабочую одежду и т. д; I have nothing to change into мне не во что переодеться; change out of smth. change out of overalls (out of these old, dirty clothes, out of my smart suit, etc.) снять комбинезон и т. д., переодеться; change for smth. change for dinner переодеваться к обеду
    4) change at some place change at the second station (at a railway junction, at Rugby, etc.) сделать пересадку на второй остановке и т. д.; we have to change at the next station у нас пересадка на следующей станции; change for some place change for Manchester (for London, etc.) сделать пересадку на Манчестер и т. д.; where do we change for centre? где вам [надо] сделать пересадку, чтобы попасть в центр?; change (in)to smth. change into another train (to an electric car, to another ship, to a higher class car, etc.) пересесть на другой поезд и т. д.; change from smth. to smth. I had to change from a train to a bus мне пришлось пересесть с поезда на автобус
    8. XXI1
    1) change smth. for smth. change one thing for another (one book for another, a pencil for a knife, etc.) обменивать одну вещь на другую и т. д; she changed Miss for Mrs. теперь она уже не "мисс", а "миссис"; change smth. with smb. change places /seats/ with smb. обменяться /поменяться/ с кем-л. местами
    2) change smth., smb. (in)to smth., smb. change the princess into a cat (the boy into an ass, the cat into a lion, the watch into a rabbit, etc.) превратить принцессу в кошку и т. д.; the fox changed [itself] into a man лиса обернулась человеком; sickness changed him into an old man болезнь превратила его в старика; grief hadchanged his hair from black to white от горя его черные волосы поседели; change direct speech (in)to indirect (the passive voice to the active, etc.) перевести прямую речь в косвенную и т. д.
    3) change smth. for smth. change a house coat for a street dress (soiled clothes for clean ones, etc.) сменить халат на платье для улицы, переодеться и т. д.
    4) change with. for smb., smth. change the banknotes for him (a five-pound note for him, etc.) разменять ему банкноты / банковые билеты/ и т. д.; change smth. for /into/ smth. change banknotes for silver (pounds.into local currency, a dollar bill for ten dimes, shillings into pounds, roubles into dollars, etc.) разменивать / обменивать/ банкноты на серебро и т. д.
    9. XXII
    change smth. by doing smth. change the room by painting the walls green (the house by making a new window in the east wall, one's appearance by dyeing one's hair, etc.) изменить вид комнаты, покрасив стены в зеленый цвет и т. д.
    10. XXV

    English-Russian dictionary of verb phrases > change

  • 19 hard

    [hɑːd] 1. прил.
    1)
    а) жёсткий, твёрдый; тугой, негибкий, негнущийся

    hard cheese — твёрдый сыр; жёсткий сыр

    This candy is so hard no one can chew it. — Конфета такая твёрдая, что никто её не разжуёт.

    б) спорт. твёрдый, с твёрдым покрытием (асфальтовым или бетонным, о теннисном корте)
    •
    Syn:
    Ant:

    hard money — монеты, металлические деньги

    4) крепкий, прочный, ноский; выносливый

    The horses are both in hard condition, so a race can come off in ten days. — Обе лошади в отличной форме, поэтому скачки могут состояться через десять дней.

    5)
    а) трудный, утомительный, тяжёлый; требующий усилий, напряжения
    б) трудный, причиняющий беспокойство (об объекте действия - в конструкции с инфинитивом или с предлогами of, in + существительное, выражающее действие)

    She was hard to please. — Ей было трудно угодить.

    Chestnuts are hard of digestion. — Каштаны трудны для переваривания.

    It is a hard thing to manage. — Это дело трудно выполнить.

    в) трудноподдающийся (управлению, контролю)
    г) уст. не способный, испытывающий трудности (о субъекте действия - в конструкции с инфинитивом или с предлогом of + существительное, выражающее действие или способность)
    •
    Syn:
    Ant:

    The teacher asked a hard question. — Учитель задал трудный вопрос.

    It is a hard book to read. — Эта трудная для чтения книга.

    7)
    а) неопровержимый, "упрямый", реальный ( о фактах)

    The hard fact is that war, like business, reduces to a question of gain versus cost. — Неоспоримо то, что на войне, как и в бизнесе, всё сводится к вопросу соотношения прибыли и затрат.

    hard fact — неопровержимые, голые факты

    б) точный, конкретный, надёжный, обоснованный (об информации, новостях)

    Newspapers do not encourage telephone calls to the other side of the world unless they are in possession of pretty hard information. — Газеты не поощряют телефонных звонков на другую сторону планеты, если только они не содержат надёжной информации.

    Syn:
    8) упрямый, неуступчивый; чёрствый, бесчувственный, бессердечный
    Syn:
    9) скупой, скаредный, прижимистый

    Many wondered that a man could be so hard and niggardly in all pecuniary dealings. — Многие поражались, что человек может быть таким скупым и жадным в денежных делах.

    Syn:
    10) практичный, деловой, не поддающийся эмоциям

    We Americans have got hard heads. — У нас, американцев, практичный, здравый ум.

    11)
    а) труднопереносимый, давящий, гнетущий, мучительный, тягостный
    Syn:
    б) суровый, трудный, тревожный; тяжёлый, тягостный ( о времени)

    They had a hard time of it too, for my father had to go on half-pay. — У них тоже были тяжёлые времена, потому что моему отцу приходилось обходиться половиной зарплаты.

    Many families had a hard time during the Depression. — Многие семьи переживали трудные времена во время Великой Депрессии.

    Syn:
    в) холодный, суровый, жестокий (о погоде и т. п.)

    This has been a hard winter. — Это была суровая зима.

    The hard rain flattened the tomato plants. — Сильный ливень прибил томаты.

    Syn:
    12)
    а) строгий, требовательный, взыскательный; жёсткий, суровый; жестокий

    We work for a hard master. — Мы работаем на требовательного хозяина.

    Felix began to perceive that he had been too hard upon her. — Феликс начал понимать, что он был с ней слишком суров.

    Syn:
    б) резкий, грубый; враждебный

    She almost invariably took a hard view of persons and things. — Она практически всегда высказывалась резко о людях и о ситуациях.

    Hard feelings existed between the neighbours. — Между соседями были очень враждебные отношения.

    The lawyers exchanged hard words. — Адвокаты обменялись резкими репликами.

    Syn:
    в) полит. крайний

    For the foreseeable future, then, the hard right has the initiative in Turkey. — Очевидно, что в обозримом будущем инициатива в Турции будет принадлежать крайним правым.

    13) неприятный (для слуха, зрения)

    It was a hard face even when she smiled. — У неё было неприятное лицо, даже когда она улыбалась.

    14)
    б) разг. терпкий, кислый
    в) амер. крепкий ( о напитках)
    Syn:
    г) вызывающий привыкание, привычку (о лекарствах, наркотиках)

    Nothing on earth would persuade me to try LSD or the hard drugs. — Ничто в мире не заставит меня попробовать ЛСД или тяжёлые наркотики.

    Syn:
    15) тлв. контрастный
    16) защищённый (о пусковой площадке, конструкциях, ракетах с ядерными боеголовками)

    The adjective "hard" is now used to refer to the resistance to atomic explosions of airfields, missile launching pads, command posts, and other structures. — Прилагательное "hard" в настоящее время используется, когда речь идет о защищённости аэродромов, стартовых площадок, командных постов и других структур от атомных взрывов.

    17) фин. твёрдый, устойчивый
    Syn:
    18) лингв. твёрдый ( о согласном)
    19) физ.
    б) полный или почти полный ( о вакууме); содержащий полный вакуум ( об электронной лампе)
    20) упорный, усердный, энергичный, выполняемый с большой энергией, настойчивостью

    The fight must be long and hard. — Битва будет долгой и упорной.

    Syn:
    21)
    а) прилежный, усердный; энергичный

    That new employee is really a hard worker. — Этот новый сотрудник действительно очень усерден.

    Every hard worker requires sufficient and regular holidays. — Каждому работающему с полной отдачей сотруднику требуется достаточный и регулярный отдых.

    Syn:
    22) хим. биологически жёсткий, неразлагающийся
    Syn:
    persistent 3) в)
    •
    Gram:
    [ref dict="LingvoGrammar (En-Ru)"]hard[/ref]
    ••

    hard of hearing — тугоухий, тугой на ухо

    the bigger they are, the harder they fall — чем выше забираешься, тем больнее падать

    - hard lines 2. нареч.
    1)
    а) энергично, активно, решительно, настойчиво, упорно; неистово, яростно

    The farmer worked hard to gather the hay before the rains came. — Фермер напряжённо работал, чтобы успеть убрать сено до дождей.

    The student studied hard. — Студент усердно занимался.

    The children played hard. — Дети были поглощены игрой.

    Syn:
    б) сильно, резко, интенсивно (о погоде, ветре, дожде)

    It rained hard. — Дождь льёт как из ведра.

    Hit the ball hard. — Сильно ударь по мячу.

    Syn:
    в) амер.; разг. очень, чрезвычайно, в высшей степени, чрезмерно

    He isn't a millionaire so hard that you could notice it, anyhow. — Во всяком случае, он не настолько уж крупный миллионер, чтобы ты мог это заметить.

    Mr. Hopkins is hard sick. — Мистер Хопкинс очень болен.

    Syn:
    2) жёстко, строго; сурово, безжалостно, жестоко
    3)
    а) насилу, тяжело, с трудом
    Syn:
    with difficulty, hardly, scarcely
    б) болезненно, близко к сердцу

    Mother took the bad news very hard. — Мать приняла плохие известия очень близко к сердцу.

    The team took the defeat hard. — Команда болезненно переживала поражение.

    Syn:
    4) твёрдо, крепко, так, чтобы быть твёрдым, спрессованным

    The ice is frozen hard. — Лёд очень твёрдый.

    Syn:

    to follow hard after / behind / upon smb. — следовать по пятам за кем-л.

    Defeat seemed hard at hand. — Поражение казалось совсем близко.

    It was now hard upon three o'clock. — Было почти три часа.

    hard by — близко, рядом

    Syn:
    6) мор. круто, до предела
    Syn:
    ••

    hard pressed / pushed — в трудном, тяжёлом положении

    3. сущ.
    1) трудность, трудности

    He had come through the hards himself. — Он сам преодолел все невзгоды.

    She is a lady who has given her life to nursing, and has gone through its hards. — Это женщина, которая посвятила свою жизнь уходу за больными и прошла через все трудности, с этим связанные.

    Syn:
    2) твёрдый берег, твёрдая береговая полоса; каменный мол для высадки на берег; проходимое место на топком болоте
    3) разг. каторга
    4) табак в плитках, прессованный табак
    5) разг.; = hard-on эрекция
    ••

    Англо-русский современный словарь > hard

  • 20 transaction exposure

    Fin
    the susceptibility of an organization to the effect of foreign exchange rate changes during the transaction cycle associated with the export/import of goods or services. Transaction exposure is present from the time a price is agreed until the payment has been made/received in the domestic currency.

    The ultimate business dictionary > transaction exposure

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