Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-236-000"

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"− This report aims at establishing the Single Euro Payments Area (SEPA). The Commission’s objective is to harmonise payment systems within the euro area so as to create an integrated market in payment services. The chief argument for creating SEPA is its benefits to consumers, who will be able to make payments in euros within Europe in a simpler, safer and more economical way, as if in their own country. Between January 2008 and November 2009, the SEPA Credit Transfer system (SCT) and SEPA Direct Debit system (SDD) began to be introduced throughout the EU, including Portugal. By the deadline for SEPA migration (February 2014), all national systems of electronic payment by credit transfer and debit are to be terminated and replaced by the EU-wide systems. Notwithstanding certain positive aspects, we have some reservations about the report, with regard to likely difficulties for certain sections of the population, which the rapporteur herself has acknowledged, and to the basis for the change-over to SEPA as a way of realising the potential of the single market for Europe."@en1

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