Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-155-000"
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"en.20120214.15.2-155-000"2
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"Mr President, I voted along with my Group, the ECR, in favour of the report on technical requirements for credit transfers and direct debits in euros. The development of the single euro payments area has as its principal aim the integration of payments across the whole of the European Union, and this includes the UK.
These developments do not just affect the euro zone, as I have said, and we believe that this will bring benefits to consumers, businesses and banks, including for my country, which is outside of the eurozone and will remain outside of the eurozone.
Much of the system is already operational and works well so far. The latest developments will in theory make the country in which a bank account is held immaterial in future and so ultimately will mean that there can be a great deal more competition between banks and businesses throughout the European Union.
We are therefore in favour of such a move although, of course, the United Kingdom will remain outside of the eurozone."@en1
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