Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-16-Speech-2-530"
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"en.20081216.46.2-530"2
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"The aim of the principal message conveyed by the key changes to the Deposit Guarantee Directive and the guaranteed coverage level and payout delay is to provide higher guarantee levels in order to protect the savings of small investors and maintain confidence in the financial system.
At the moment, it is difficult to assess the fiscal costs associated with the current financial turmoil and its adjustments. Potentially low growth in real GDP for a few years could, at some time in the future, prove to be an additional destabilising factor for fiscal sustainability.
In this climate, a prompt analysis is recommended of the financial mechanisms being used by Member States in order to evaluate the impact of the intervention made. It goes without saying that the deposit guarantee schemes are an effective preventive measure, but their impact is limited to the local environment where they operate. In order to remedy similar weaknesses when investors come to make their choice between the various levels of protection, we need coordination at Community level."@en1
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