Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-10-26-Speech-4-096"

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"en.20001026.3.4-096"2
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"Madam President, the no-frills approach, which typifies Mrs Peijs, is evident in virtually every paragraph of the present report. It is only right that the banking sector should be tackled and given a stiff talking to, for while the most important techniques and standards are in place, there is still no flexibility in sight for cross-border credit transfers for amounts up to EUR 50 000. One would almost be inclined to think that none of the commercial banks stand to benefit from modernising their present working methods. I endorse the dual-track policy, by means of which the rapporteur hopes to spur the slow banks into action. In my view, it is not sufficient to exert pressure via legislative measures. These could prove less effective than putting the pressure on by giving rival alternatives generous elbow-room to transfer money within the euro area. The Commission might well want to give this latter option serious thought, for I assume that the Commission too would prefer to see a reduction in the costs via increased competition. I have my reservations about one aspect, however. The demand to bring the costs for transferring money within the euro area into line with those within a Member State could well lead to a situation where the costs for domestic transfers will go up. This is certainly true of the Netherlands, where for years, customers were not charged for domestic transfers. This objection does not detract from the fact that I give the rapporteur, Mrs Peijs, all credit for her thoroughness in this matter."@en1

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