Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-16-Speech-4-225-000"

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"en.20120216.23.4-225-000"2
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"I voted in favour of this report as it is particularly during periods of crisis and economic recession that guarantees are needed to better protect savers from the potential risks of the banks failing. In these situations, there is the risk that a dangerous ‘run on the bank’ could occur, with destabilising effects for the entire credit system. This text lays the foundations for a common system of guarantees on bank deposits, with jurisdiction throughout Europe, so as to also avoid the risk of potential market distortion. The anticipated threshold of EUR 100 000 seems to be sufficient, as is the need for a short time limit for any potential payouts. Therefore, we must give due guarantees to those people who rightly want to make the most of their life savings and who may face finding themselves bankrupt due to excessive speculation and hazardous financial transactions at the hands of other people."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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