Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-441-000"

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"− I voted for the text presented by Mr Schmidt, which proposes further convergence between European compensation schemes, specifically by improving consumer protection through higher levels of coverage, harmonising investor compensation schemes in the Union and establishing the financing principles for investor compensation schemes. The text voted on would, in effect, reduce the discretionary power of Member States and provide more guarantees of effective protection for European consumers. Such harmonisation would not only improve the level of protection, it would also affect the way schemes are funded and members’ contributions are calculated."@en1

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