Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-16-Speech-2-978"
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"en.20081216.31.2-978"2
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"The current economic crisis requires extraordinary measures at a time when an ever-increasing number of Europeans are facing the spectre of unemployment and financial recession. Raising the bank deposit guarantee ceiling for the general population is a welcome measure, which will maintain confidence in the banking system. An initial ceiling of EUR 50 000 and a further one of EUR 100 000 are more than adequate for the states whose banking systems have no long-established tradition, as is the case with Romania and other former Communist states. At the moment, it is important that each state adopts this measure, as otherwise there is the risk of causing panic among the population. Romania is not one of the states with a large number of deposits in excess of EUR 50 000. However, in psychological terms, raising the amount guaranteed can only have a positive impact, given that the population’s deposits have fallen, compared to September, by 6% in Bucharest alone. This means that around EUR 600 million have been withdrawn in the course of just a few weeks, which is unprecedented in recent years.
On the other hand, as an MEP, I would like to draw your attention to the fact that this measure needs to be supplemented by a review of the policies for granting credit and of the level of risk being assumed."@en1
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