Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-04-23-Speech-1-088"

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"I congratulate the rapporteur and hope that we have reached a historic moment. In the area of services in the internal market, we have managed to achieve only partial results, but I hope that we will bring about a real breakthrough with regard to payment services. I myself come from what is still considered a new Member State, and I trust that we will be able to enjoy the benefits of the opening up of the internal market in addition to its many disadvantages. This is why last year I was disappointed when we could have had the courage to open up those services that would have represented a comparative advantage for the new Member States, and would have strengthened competition on the internal market. Now we are once again at that point and once again we hope that not only will we lay down in legislation the questions of a service that has not hitherto received complex regulation, but we will also succeed, by ensuring the entry of new players into the field, in really forcing down the price of high quality payment services. The true guarantee of the freedom of establishment and service provision is of outstanding importance. The Commission’s original proposal was courageous in this regard, as it would have made possible the introduction of the new services without any special capital requirements, thereby breaking the monopoly that the banks have achieved in this field. The assessment by Mrs Neelie Kroes has also provided ample proof of this. It is with regret that I see that compared to the original proposal, stricter capital requirements are now appearing, but I hope that this will not prevent new players from entering the market. The other important consideration is that money transfers should reach the beneficiary as quickly as possible, so that the latter may use the funds as soon as possible. In this area the current compromise may represent a step forward, as it shortens the considerable period during which the bank is using our money free of charge. I am also pleased that the compromise gives special attention to micro-enterprises as individual consumers. I will vote for the agreement, which came into being under closed and elitist circumstances. The most important point, however, will come three years after its transposition into national law, when it is reviewed – the proof of the pudding is in the eating. If the above three positive changes take place in this area that I consider to be important, and cheaper payment services become available to vulnerable Central European consumers and small businesses, then we will have done a good thing. If not, because new players have not entered the market, then we will need to make modifications, and this will take courage, so let us hope we will then have the necessary courage."@en1

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