Article 10 Pricing policy 1 .

( d ) supporting the Eurosystem in further defining the pricing framework

The structure of a carbon pricing scheme remains up for discussion.

Accordingly , the use of nontransparent pricing methods should not be allowed , since it is commonly accepted that those methods make it extremely difficult for users to establish the real price of the payment service .

An important structural factor relates to rigidities in wage and price setting .

It is therefore crucial that price and wage setters fully live up to their responsibilities .

It remains imperative to avoid broad based second round effects in price and wage setting .

It is imperative to avoid broad based second round effects in price and wage setting .

Given recent oil price rises , it is once again paramount that second round effects stemming from wage and price setting throughout the economy are avoided .

One option would be to introduce flexible pricing, tied to the price of oil.

It is therefore crucial that price and wage setters fully live up to their responsibilities .

In this environment , it remains imperative to avoid broad based second round effects in price and wage setting .

Against this background , it remains imperative to avoid broad based second round effects in wage and price setting .

In such a context , it remains crucial to avoid broadly based second round effects in wage and price setting .

Therefore , monetary policy also has an impact on the price level through its effects on wage formation and the setting of intermediate goods prices .

After all, a fixed exchange rate or common currency requires limits on fiscal independence.

Given past oil price rises , there is a continued need to avoid second round effects in wage and price setting throughout the economy .

This seems to indicate that , on average , there is greater rigidity in price setting in the euro area than in the United States .

Furthermore , continued vigilance is required regarding the potential risk of past price increases leading to second round effects in wage and price setting throughout the economy .

Against this background , it remains crucial to avoid broadly based second round effects in wage and price setting .

In addition , pricing power in market segments with low competition may increase in such an environment .

By setting short term interest rates , monetary policy influences the economy , and ultimately the price level .

The Governing Council is monitoring price setting behaviour and wage negotiations in the euro area with particular attention .

The Governing Council is monitoring wage negotiations and price setting behaviour in the euro area with particular attention .

Moreover , the single currency may have affected trade also by changing the pricing behaviour of euro area exporters .

Furthermore , ongoing vigilance is required in order to ensure that past price increases do not lead to second round effects in wage and price setting throughout the economy .

Second round effects stemming from the impact of higher energy and food prices on wage and price setting behaviour must be avoided .

Most importantly , there is a risk that price and wage setting behaviour could add to inflationary pressures .

It is also a strong concern that price and wage setting behaviour could add to inflationary pressures .

Therefore , broadly based second round effects stemming from the impact of higher energy and food prices on price and wage setting behaviour must be avoided .

Broad based second round effects stemming from the impact of higher energy and food prices on price and wage setting behaviour must be avoided .

Broadly based second round effects stemming from the impact of higher energy and food prices on price and wage setting behaviour must be avoided .

In addition , the use of the same currency in 12 countries has made prices across the euro area directly comparable .

Furthermore , an increase in pricing power in market segments with low competition could materialise .

Furthermore , an increase in pricing power in market segments with low competition could materialise .

Transparency of services and pricing Transparency of both services and pricing may drive competition , so that it may be particularly useful to small users with little or no negotiating power .

As the G10 report makes clear, the reasons for this variation depends on a number of factors in each Member State such as national pricing and reimbursement criteria, prescribing and dispensing practice and incentives to encourage generic use.

Given the slump in energy prices, there has never been a better time to undertake the transition to smart, credible, and effective carbon pricing.

These risks relate mainly to oil price developments and their potential to lead to second round effects stemming from wage and price setting behaviour .

However , there continue to be upside risks to price stability , relating mainly to oil price developments and their potential to lead to second round effects stemming from wage and price setting behaviour .

The Council, on a proposal from the Commission, shall adopt the European regulations or decisions on fixing prices, levies, aid and quantitative limitations and on the fixing and allocation of fishing opportunities.

As 2005 progressed , the economic analysis suggested that upside risks were increasing , especially with respect to potential second round effects in wage and price setting that stemmed from higher oil prices .

Concerns relate in particular to future oil price developments and , more generally , to the potential risk of second round effects in wage and price setting throughout the economy .

The government is experimenting with carbon pricing, and investing heavily in low carbon wind, solar, and nuclear energy.

Wage setting needs to take into account productivity developments , the still high level of unemployment in many economies , and price competitiveness positions .