Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-13-Speech-1-107-000"

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"Madam President, first of all my thanks to the rapporteur who is, I understand, stuck at Schipol airport. She did a very good job. I will not go into the details of the proposals because the rapporteur’s representative has set out all the expected benefits from SEPA. I would instead like to focus on the process that has taken place. Quite frankly, if you listen to the benefits that we expect to get from SEPA, it is completely incomprehensible why it has to take so long, why there are such long transition periods and why there are so many exemptions. We are in the middle of an economic crisis. We all agree that we need to complete the internal market, and I am really worried at how something relatively minor, like SEPA credit transfers and direct debits, can take so long and be so difficult. I understand that people will have to get used to new systems, but if you look at what we are asking of our Greek fellow-citizens, if you look at the changes in the Arab Spring, do we really think that changing from 12 to 18 digits in a bank account number is the main worry in the European Union? Sorry, but we need to change, Europe needs to change. We need to complete the internal market; we need to strengthen our economic position in the world. Payments are the lubricant of the single market, certainly with a view to e-commerce, and therefore I hope that all the Member States will meet the deadlines, which are very generous. I also hope that when we talk about new payment methods, which we are going to look at next, the process will be speedier than it has been so far."@en1
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