Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-27-Speech-2-386-125"
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"en.20110927.26.2-386-125"2
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"Euro banknotes and coins were introduced in 2002 and are a pan-European means of payment, allowing European citizens to settle their debts in euro throughout the euro area, currently consisting of 17 Member States. The very principle of a single currency implies the freedom to move cash between the participating Member States. However, due to incompatibilities between national legislations, it is, in most cases, very difficult for professional cash transporters to move euro cash between euro area Member States, and very little cross-border land transportation therefore takes place. Regulatory differences concern a wide range of issues, such as the possession and carrying of firearms by the cash-in-transit (CIT) staff, the authorised modes of transport, the armouring and equipping of the CIT vehicles and the number of staff in those vehicles. The current regulatory obstacles imply a fragmentation of the single market in this sector. These constraints on professional euro cash transportation have an impact on the cash cycle and, ultimately, on the cost of cash for firms and citizens. I agreed that it is necessary to take action to remove existing regulatory barriers to cross-border transportation of euro cash by road and thereby facilitate the free circulation of the euro."@en1
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