Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-03-Speech-2-097"

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"en.20010703.6.2-097"2
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"Mr President, now that consumers will soon be carrying euros around in their pockets, we would benefit from a smooth transition. Rapporteur Maaten was right to commit himself to that cause. The euro’s uncertain success as a currency should not be further frustrated by uncertainty during that transition. Confidence in a currency is fundamental to every modern economy. The basis for that confidence, however, is rather shaky in the case of the euro. That is why we have nothing to lose by taking precautionary measures during the changeover. It is therefore only fair to do justice to the concerns of all the parties involved. The ECB’s attitude, however, can be described as somewhat inflexible. Further to the Maaten report, Parliament has arrived at a compromise date of 27 December as the date on which to make the first small notes available. It ensures that the changeover is spread out. Those few days leave little scope for counterfeiting. I fail to see why this compromise would not be acceptable to the ECB. Along with the availability of euros, payment by bank card is another bottleneck. The way in which those transactions are to be processed is not equal to the temporary massive increase in the use of that method of payment. It is to be feared that people will therefore be forced to use the national currencies longer than necessary. This leads to uncertainty when paying in old currency and receiving change in euros. The availability of cash machines and the extent to which payments are made by bank card differ quite considerably from one Member State to another. In the light of this, has the ECB looked into additional methods for distributing the money? Is it possible, prior to the changeover, to buy euros electronically, for example through transactions on the Internet whereby certain quantities are set aside. If payment for these could take place electronically, the amounts would only need to be paid out in January. That would render conversions in January redundant. It would give an indication of the amount requested and would make it possible to plan ahead. In addition, it would increase the reliability of electronic payments and provide a stimulus to these. If something of that kind is not possible, we must ask ourselves whether online transactions are mere pie in the sky for the time being."@en1

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