Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-18-Speech-4-160"

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"en.20081218.33.4-160"2
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"deposit insurance, which the European Parliament has proposed in a very flexible way and which I have voted for, is clear. We want to harmonise a minimum level of protection for small savers by insuring deposits of up to EUR 50 000 and we want to establish a short deadline for paying out deposits, so that savers can obtain clear, timely and accurate information on the state of their bank deposits even in the middle of a crisis. This is a necessary measure, since savers are transferring their deposits in a chaotic manner out of healthy banks and into banks which saved themselves by obtaining government guarantees. This proposal is the only way to restore the confidence of small savers and to stabilise the market for banking services. I would like the guarantee to apply to small and medium-sized enterprises as well, since they perform an irreplaceable role in society throughout Europe and yet in times of crisis they are always the most threatened."@en1
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