Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-431-062"
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"en.20110705.34.2-431-062"2
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In this proposed amendment of a regulation in force, Parliament is aiming to recover the confidence and protection of consumers and depositors, and to promote financial stability through greater harmonisation of the rules of the European single market. I believe that today, more than ever, there is a need to improve the single European market for financial services. It is crucial to recover and reinforce consumer protection using common EU-level rules, not least as regards financing systems at national level, as well as to ensure that these systems operate as a mutual insurance mechanism. I would also like to stress and welcome the proposal for a borrowing mechanism between national schemes, which has been born of the principle of solidarity between Member States."@en1
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