Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-04-10-Speech-1-094"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2000-04-10"^^xsd:date2
dcterms:Is Part Of	lp_eu:Electronic money institutions and credit institutions2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20000410.5.1-094"2
lpv:hasSubsequent	lp_eu:2000-04-10-Speech-1-0952
lpv:speaker	lp:Pat the Cope Gallagher2
lpv:spoken text	"Mr President, as from January 1999, the euro has been the new currency for most of the European Union. Since then there have been no more exchange rate risks and, in theory, the cost to consumers of transferring money across borders and of changing cash from one euro-zone currency to another should have reduced sharply. There are obligations on financial institutions within the Union to substantially reduce the cost to consumers of transferring money from one euro-zone to the other. We may recall that the European Consumers' Association, which represents the consumers of the European Union, carried out an extensive survey of charges for cross-border payments only last year. The conclusion of that survey clearly demonstrated that costs for consumers of transferring money from one country to another in Europe are still too high. With the forecast growth in electronic shopping over the next few years, heavy bank fees for money changes will be a serious disincentive for consumers to shop over the Internet. It is important that consumers are reassured in relation to electronic payments by establishing a legal framework. This survey also showed that consumers are still charged a lot more for making cross-border transfers than they are for making national transfers. This does not make sense. Euro currency has removed exchange rate risks and costs should have reduced substantially. I welcome the directive on cross-border credit transfers which is now in force within the Union. In conclusion, I strongly believe that the new directive on cross-border transfers is good news for the consumers of the Union. It is also good news for financial institutions."@en1
lpv:spokenAs	member; PECH (1999-07-21--2002-01-14)3 treasurer; UEN (1999-07-20--2002-06-17)3 member; Delegation for relations with the United States (1999-09-30--2002-01-14)3 member; Committee on Industry, External Trade, Research and Energy (1999-07-21--2002-01-14)3 substitute; BUDG (1999-07-21--2002-01-14)3 unknown; Fianna Fáil Party (1999-07-20--2002-06-17)3
lpv:unclassifiedMetadata	"Gallagher (UEN )."1

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The resource appears as object in 2 triples

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