Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-252-000"
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"en.20120214.15.2-252-000"2
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The Commission’s objective is to harmonise payment systems within the euro area so as to create an integrated market in payment services by instituting the Single Euro Payments Area (SEPA). The chief argument for creating SEPA is its benefits to consumers, who will be able to make payments in euros within Europe in a simpler, safer and more economical way, as if in their own country. Between January 2008 and November 2009, the SEPA Credit Transfer system (SCT) and SEPA Direct Debit system (SDD) began to be introduced throughout the EU, including Portugal.
By the deadline for SEPA migration (February 2014), all national systems of electronic payment by credit transfer and debit are to be suppressed and replaced by the EU-wide systems. The report has some positive aspects. Nonetheless, we have some reservations about it. The rapporteur herself acknowledges the likely difficulties for certain sections of the population. On the other hand, the change-over to SEPA may lead to the realisation of the potential of the single market for Europe."@en1
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