Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-234-406"

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"en.20120214.15.2-234-406"2
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"− I voted in favour of this report. Secure and efficient payment systems are crucial to the conduct of economic transactions and to the proper functioning of the internal market. The euro has facilitated cash payments between the Member States since 2002. However, electronic Union-wide payment instruments have yet to replace national payments for a variety of reasons. Consequently, the market is dominated by uncertainty, a difficult economic climate, a lack of legal certainty and high costs when using duplicate payment systems. I agree that it is essential to create an internal market for payment services in euro (Single Euro Payments Area or SEPA) where there is effective competition and no difference of regime between cross-border and national payments, thereby providing significant savings and benefits to the wider European economy."@en1

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