Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-393-984"

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"en.20121120.28.2-393-984"2
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". − In recent years the Hungarian card payment market has been experiencing sustained growth. Although it will probably take another 10-15 years for the ratio of Hungarian card payments to catch up with the figures seen in Western Europe, there has been a clear and unrelenting catch-up trend so far. I believe it is impossible to guarantee that traders will pass on the benefits of the reduction in interbank commissions to consumers. As I pointed out in my plenary speech, legislation on commissions could perhaps ensure a reduction in trader costs, but in terms of the entire market this would have multiple negative effects. Taking into account the likely consequences of regulation I therefore voted in favour of the report, but I rejected the proposed amendments relating to paragraphs 41 and 43."@en1

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