Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-398-875"
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"en.20121120.28.2-398-875"2
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This report supports the objective of increasing ‘free competition’ in card, internet and mobile payment markets. It is about applying neoliberalism to this market segment in order to encourage consumption, credit and workers and the general public getting themselves into debt. Against a backdrop of economic recession, this proposal is part and parcel of the lingering efforts to strengthen the internal market, removing the Member States’ ability to intervene in the market and the logic of providing services in accordance with the national situation. The report even advocates self-regulation of stakeholders. To complete this market, all terminals must be adapted so that they accept all cards and fulfil interoperability requirements. Who is going to foot the bill for replacing the current terminals with new ones? The answer is obvious: it will be the small and medium-sized enterprises (who make up more than 90 % of businesses in the EU Member States) who foot the bill for this extra cost for the banking sector and network operators. As regards the banks charging for the use of cards, the report is contradictory, stating that this should continue until at least 2017. Respect for privacy is not guaranteed and there are still doubts about the use of citizens’ personal and profile data."@en1
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