This implicit subsidy not only costs each country s taxpayers billions of euros it also distorts competition, because not all implicit subsidies are created equal.

Unless governments build leak proof barriers around their countries and the costs would likely be prohibitive an implicit world market would be re established.

This could be an explicit devaluation or an implicit one due to a price reduction, made possible by the reduction in unit production costs resulting from the extra working time at constant pay.

The test made explicit what was implicit.

Thus, they should allow easy retrieval of so called ad valorem equivalents (AVEs), also called implicit tariffs or implicit rates of protection.

No implicit alliance can be taken for granted.

This was all implicit in the European Union s single market initiative. The eurozone went one step further, aiming through monetary unification to eradicate fully the transaction costs associated with national currencies and exchange rate risk.

However, assumptions about feed quality are implicit in such generalizations.

But making explicit what lies implicit can sharpen US decision making.

Even the consumption of fast food can make an implicit statement.

One such problem is Wall Street s implicit veto over the Fed.

This was all implicit in the European Union s single market initiative.

We had an implicit agreement that we would support each other.

In addition to direct housing measures, federal, provincial and territorial social assistance programs such as income support for senior citizens or general welfare provide either explicit (through a shelter component) or implicit support to the housing costs of assistance recipients.

Implicit or explicit bail out guarantees, moreover, induce too much risk taking.

The threat of retaliation that underpins its strategic effectiveness remains implicit and hypothetical.

Thus, many financial institutions, especially the largest, operate with an implicit government guarantee.

But the former is usually implicit and uncertain, making it vulnerable to default.

In this situation, people no longer had an implicit understanding of their past.

This form of government support amounts to a large implicit subsidy for big banks.

They can be regarded as alternative forms of taxation, albeit implicit rather than explicit.

Moreover, all those cases concerned reservations that were expressly prohibited and not implicit prohibitions.

However, for small countries in particular, the implicit overheads must be taken into account.

They don't offer the implicit, unconscious ties of community that citizens felt in the past.

This document was intended to serve as an implicit acceptance of Israel s right to exist.

This is a clear if implicit repudiation of Mubarak, the sole ruler for 24 years.

Mr. Yamamoto (Japan) and Mr. Sandoval (Chile) expressed support for the principle of implicit derogation.

Iran seeks compensation for expenses incurred in treating these additional cases indirect costs such as transportation costs costs incurred by caregivers opportunity costs and costs of future medical care.

Another shift implicit in Sadat s strategy was to keep Egypt at a distance from pan Arabism.

The bias could be implicit our worldview is shaped by what our friends in industry believe.

Such inequalities were attributable to differences in income levels and to explicit or implicit policy choices.

If the ball costs 10, the bat costs...

International cooperation, exemplified by the mutual learning implicit in the E 9 exercise, is also being tapped.

The bonds issued by Fannie and Freddie were widely thought to carry an implicit US government guarantee.

The implicit subsidy to banks means that German banks have an advantage over those of other countries.

However, the concept of non discrimination is integral to the Constitution and is implicit in its content.

French production costs are high, but Greek costs are higher.

But Bush missed another lesson implicit in his analogy the importance of using the soft power of culture.

The implicit immunity from prosecution these groups received in exchange for their demobilization has done little to help.

Furthermore, why do small banks, which have no implicit backing from the government, also have so much leverage?

In the second, more successful, phase, an increasing number of countries adopted either explicit or implicit inflation targets.

Outcomes will be mediated more by actors relative bargaining power than by pre existing implicit or explicit contracts.

Without statistically relevant data for backing and implicit generalization, there is no guarantee that the generalization is correct.

Methodologies used to calculate costs Staff costs Salary and common staff costs The standard costs (in United States dollars) applied in determining staff costs in the proposed budget are based on actual salary costs for the first three months of 2005, and adjusted for step increments in 2006 2007.

But because they sense the neighbors and because they sense the object, they have implicit coordination across the group.