Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-24-Speech-5-029"

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"en.20090424.3.5-029"2
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"I would like to say that the text before us is a compromise, which has been reached through complex negotiations between the Council, the Commission and Parliament. However, it is a positive result and I would like to thank the Council representative Mr Trinka and the Commission representatives for their cooperation, and would also like to thank staff of the Committee on Economic and Monetary Affairs, who helped to prepare this document. It will answer those questions which were raised by Mr Lungren, that is, it will help to bolster the whole euro area, because the procedures for euro transactions will be strengthened. As a representative of a country, which is not in the euro zone, I am delighted that this regulation can also be applied, if non-euro zone Member States wish, to payments in national currency, which in Lithuania would be the litas. For the time being, in our countries prices for cross-border payments and prices for domestic payments in the national currency still differ. This is partly determined by the fact that we are not euro zone Member States. I think that the first step and one of the steps towards the euro zone would be for us, non-euro zone Member States, to begin to apply this principle to national currencies. The other important thing is that the fostering of cross-border payments by this regulation opens the way to modernising the European banking sector, because banks have a transition period of three years to prepare a new business model, which would make payments more efficient. This is very important as we often talk about innovations, new initiatives and modernisation. This document creates exactly the right conditions for all this."@en1
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