Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-246-000"

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"en.20120214.15.2-246-000"2
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"− I am pleased with the agreement that we have reached today with an almost unanimous vote, which will thus speed up the legislative procedure and conclude it at first reading. I approve wholeheartedly of the text, and I believe that this morning’s vote in the House will mean that the hidden payments in cross-border transactions will have to be definitively eliminated once the new EU rules come into force. Ensuring a high level of competition in the banking sector with regard to payments between European countries could save businesses, customers and banks up to EUR 123 billion in six years, according to the European Commission. The banks will have to guarantee transposition of the new Single Euro Payments Area (SEPA) by 1 February 2014, which will allow us to see the practical results of the European legislation as soon as possible."@en1

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