Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-235-000"

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"en.20120214.15.2-235-000"2
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"− I voted for the report, which aims at establishing an Internal Market for payment services in euro, namely a single area in which there is no difference between national payments and cross-border payments. Integrating European payment markets offers a range of economic benefits. This is chiefly because it will increase competition, but also because costs for citizens and firms will be significantly lowered by making cross-border payments as easy as domestic ones. According to the proposal’s impact assessment, possible benefits to the European economy could amount to EUR 100-300 billion in six years’ time. Finally, the proposed regulation stipulates that credit transfer and direct debit electronic payment schemes should be phased out 12 and 24 months respectively after the entry into force of the regulation. However, according to the rapporteur, only one end-date, set at two years after the entry into force of the regulation, would be easier and would simplify the provision of information to the public and improve the effectiveness of the necessary information campaigns."@en1

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