Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-408-500"
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"en.20120704.25.3-408-500"2
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"I welcome the resolution urging the Commission to prepare, by next January, draft EU legislation on the provision of an untied, low-cost, basic bank account that enables everyone to carry out everyday banking transactions. Having access to a bank account is a requirement of modern living. Not having one especially affects the homeless, people on low incomes or with no credit record, students and expatriate workers. In their 2009 submission to the Commission’s consultation on this issue, the Irish charity The Society of St. Vincent De Paul (SVP) rightly emphasised that accessing a basic account is a starting point to addressing and preventing financial exclusion. Guaranteed bank access would also help save funds for the Dept of Social Protection by facilitating the electronic payment of all state benefits. I welcome the Irish Government’s decision to begin testing the provision of a basic bank account in a number of locations this year, including in Tallaght. EU legislation is now needed because last year’s Commission recommendations on this issue have only been implemented in full in a handful of Member States, and not at all in many."@en1
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