Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-16-Speech-2-532"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-12-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Deposit-guarantee schemes as regards the coverage level and the payout delay (debate)2
dcterms:Language	"sk"^^xsd:language2
lpv:document identification number	"en.20081216.46.2-532"2
lpv:hasSubsequent	lp_eu:2008-12-16-Speech-2-5332
lpv:speaker	lp:Ján Hudacký2
lpv:spokenAs	substitute; ECON (2007-01-31--2009-07-13)3 substitute; Delegation for relations with Switzerland, Iceland and Norway and to the European Economic Area (EEA) Joint Parliamentary Committee (2004-09-15--2009-07-13)3 member; ITRE (2007-01-31--2009-07-13)3 member; EPP-ED (2004-07-20--2009-07-13)3 member; Delegation for relations with Mercosur (2007-03-14--2009-07-13)3 unknown; Kresťanskodemokratické hnutie (2004-07-20--2009-07-13)3
lpv:translated text	"The current financial crisis obliges us to produce relatively quickly such measures as will eliminate its impact both on citizens and on the economy of the European Union. The report from my colleague Mr Ehler handles the issue of deposit guarantees in a very balanced way in terms of the amount of cover and payout delays. Despite the Commission’s current efforts, I must in this context mention the Commission’s lack of flexibility at a time of mounting crisis, aimed at preventing individual Member States from taking uncoordinated decisions over the protection of bank customer deposits. This lack of coordination has culminated – fortunately only to a limited extent – in customers’ chaotic withdrawal and transfer of their deposits to banks in Member States where savings enjoy higher levels of protection. In relation to the need to restore people’s confidence in financial institutions we must prepare measures that are as flexible as possible but at the same time based on realistic assumptions. I share the opinion of the rapporteur that in cases where deposits cannot be accessed a proposed payout period of three days is unrealistic, since the deposit guarantee scheme would probably fail through sheer weight of numbers. The arrangement for exceptional payouts of a limited amount of money within three days therefore seems sensible for cases where the continuity of banking services cannot be guaranteed. I am delighted that the minimum level for deposit guarantees will be increased to EUR 100 000 by the end of 2009, which will clearly increase depositors’ confidence in financial institutions. With regard to our initial experience of the financial crisis I think that small and medium-sized firms, which, by the way, are often unable to obtain necessary loans in times of crisis, should also be brought within the framework of this deposit guarantee directive in order to provide them with at least one way of confronting this crisis."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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