Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-13-Speech-1-120-000"
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"en.20120213.17.1-120-000"2
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"Madam President, the creation of an integrated market for electronic payments in euros, with no fundamental distinction between national and cross-border payments, is essential for the proper functioning of the internal market. Although this initiative from the Commission could have come earlier, we are pleased to have it here.
The aim of the Single Euro Payments Area project is to develop common EU-wide payment devices to replace current national payment devices. SEPA should provide EU citizens and businesses with secure, user-friendly and reliable payment services in euros at competitive prices. It can also be expected that there will be space for the creation of favourable conditions for increased competition in payment services and the unlimited development and rapid implementation of innovations relating to payments. This should lead to increased savings, due in particular to enhanced operating efficiency.
At the same time, this will create an across-the-board downward price pressure, which should have significant effects in particular in Member States where payments are relatively expensive in comparison with other countries. The success of SEPA is very important from the economic, monetary and, of course, political perspectives. It is fully in line with the Europe 2020 strategy, which aims at a smarter economy. It therefore seems reasonable and important to achieve a smooth and rapid transition to SEPA. The Single Payments Area is a good example of a common EU-wide approach and is also beneficial for our citizens."@en1
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