Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-236-375"
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"en.20120214.15.2-236-375"2
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The harmonisation of a Single Euro Payments Area (SEPA) is a significant step towards the integration of the financial markets. Reducing transaction costs will create more competition and will intensify economic activity within the single market. To obtain those results, however, the transition process must be conducted in a harmonious manner in all Member States. It is for that reason that I believe it is important to set only one end-date by which all credit transfer and direct debit transactions must comply with certain technical standards. I therefore voted in favour."@en1
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