Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-242-500"
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"en.20120214.15.2-242-500"2
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"This technical legislative proposal, which I supported, is the product of a compromise between the European Parliament and the Council. The proposal is designed to create an internal market for euro payment services (Single Euro Payments Area or SEPA), in which regulations for cross-border and national payments are the same. This regulation is expected to bring about considerable economic benefits, as it will reduce the cost of payments for consumers and firms and make cross-border payments as easy as national payments, thereby strengthening competition and innovation. According to initial estimates, the benefits to the European economy are expected to be in the order of between EUR 100 billion and EUR 300 billion over the next six years, with consumers and European households standing to gain directly from many of these benefits."@en1
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