Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-597-000"
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"en.20120215.27.3-597-000"2
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"Mr President, I would like to begin by saying that any strengthening of the deposit guarantee scheme is good news for citizens who deposit their savings in financial institutions. The revision of Directive 94/19/EC on deposit guarantee schemes is justified today by the fact that we now have several dozen different deposit guarantee schemes in the EU with various responsibilities for financial institutions and varying degrees of cover for deposits. The same rules for the protection of deposits throughout the European Union and the legal entitlement of depositors to protection of up to EUR 100 000 will give depositors in all countries the same certainty, thus avoiding unnecessary movements of deposits between countries. However, the mechanism for lending money between Member States’ systems, which could, under certain circumstances, become the means by which the crisis spills over from one country to another, seems problematic to me and would certainly not be good."@en1
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