O sea el fisco estadounidense se podría quedar con ese adicional de valor del 6 anual y salir también ganando.	The government, too, would then win by pocketing that 6 per year of value though 30 years from now, bondholders who feel like winners now would most likely look at their portfolios extraordinarily poor performance of over 2011 2041 and rue their strategy.
El volumen de ventas anual asciende a 140 000 millones de ecus y el valor añadido, a 60 000 millones de ecus.	The annual turnover is ECU 140 billion, the value added is ECU 60 billion.
Para subrayar el carácter de largo plazo del valor de referencia del crecimiento monetario , el Consejo de Gobierno decidió eliminar su revisión anual .	To underscore the longer term nature of the reference value for monetary growth , the Governing Council decided to no longer review the monetary reference value on an annual basis .
INFORME ANUAL	ANNUAL REPORT
Informe Anual	Annual Report
Interés anual	Annual Interest
Retorno Anual	Annualized Return
Presupuesto Anual	Yearly Budget
Informe Anual 1999	Annual Report 1999
INFORME ANUAL 2001	ANNUAL REPORT 2001
INFORME ANUAL 2001	ANNUAL R E P O R T 2001
INFORME ANUAL 2001	ECB Annual Report 2001
INFORME ANUAL 2002	ANNUAL REPORT 2002
INFORME ANUAL 2002	ANNUAL R E P O R T 2002
1 ) Media anual .	1 ) Annual average .
2 ) Media anual .	2 ) Annual average .
INFORME ANUAL 2003	ANNUAL REPORT 2003
b ) Valor nominal Valor nominal	( b ) Other intra Eurosystem liabilities that may arise ( b ) Nominal value
todo valor es valor percibido.	All value is perceived value.
Comisión anual en EUR	Annual fee
Informe anual de 1999	Annual Report 1999
Tasa anual equivalente ( TAE )	Annual percentage rate of charge
BCE Informe Anual 2003	ECB Annual Report 2003
BCE Informe Anual 2003	Source ECB .
BCE Informe Anual 2003	current transfers 100
BCE Informe Anual 2003	As transient factors have had an impact on the inflation forecast in recent years , monetary policy decisions have in practice been based on an assessment of UND1X or , as was the case in 2003 , on UND1X excluding energy . ECB Annual Report 2003
BCE Informe Anual 2003	In early 2003 the economy was affected by uncertainty associated with the conflict in the Middle East , high oil prices and volatility in financial markets , which undermined
BCE Informe Anual 2003	In this context , the collection of separate ECB Annual Report 2003
BCE Informe Anual 2003	STATISTICAL DATA ON THE DEGREE OF FINANCIAL INTEGRATION IN THE FINANCIAL SYSTEM OF THE EURO AREA In 2003 further statistical data were provided to assess the level of financial integration in the euro area 's financial system .
BCE Informe Anual 2003	All documents published by the ECB are available on the ECB 's website ( www.ecb.int ) , ECB Annual Report 2003
BCE Informe Anual 2003	OFF BALANCE SHEET INSTRUMENTS 17 AUTOMATIC SECURITY LENDING PROGRAMME As part of the management of the ECB 's own funds , the ECB has concluded an automatic security lending programme agreement whereby an appointed agent enters into security lending transactions on behalf of the ECB with a ECB Annual Report 2003
BCE Informe Anual 2003	The Accession Treaty ECB Annual Report 2003
Opciones de impresión anual	Yearly Print Options
Tasa anual del título	Annual rate of security
Por este motivo , el Consejo de Gobierno ha decidido revisar periódicamente dicho valor con carácter anual , por lo que la próxima revisión tendrá lugar en diciembre del año 2000 .	The Governing Council has decided henceforth to review the reference value on a regular annual basis , with the next review to take place in December 2000 .
Informe Anual 2009 del BCE	ECB 's Annual Report 2009
Informe Anual de TARGET 2009	TARGET Annual Report 2009
Informe Anual del BCE 2001	ECB Annual Report 2001
Informe Anual del BCE 2001	38 ECB Annual Report 2001
Informe Anual del BCE 2001	ECB Annual Report 2001 39
Informe Anual del BCE 2001	42 ECB Annual Report 2001
Informe Anual del BCE 2001	62 ECB Annual Report 2001
Informe Anual del BCE 2001	64 ECB Annual Report 2001
Informe Anual del BCE 2001	The spread between Danish and euro area long term bond yields declined to almost nil in early 2001 , subsequently remaining slightly positive for the rest of the year .
Informe Anual del BCE 2001	ECB Annual Report 2001 97

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