Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-236-250"
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"en.20120214.15.2-236-250"2
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"The creation of an integrated market for electronic payments in euros, with no basic distinction between national and cross-border payments is necessary for the proper functioning of the internal market. To this end, the Single Euro Payments Area (SEPA) project aims to develop common Union-wide payment instruments to replace current national payment instruments. SEPA should provide Union citizens and businesses with secure, competitively priced, user-friendly, and reliable payment services in euros. At the same time there is an assumption that favourable conditions will be created for increased competition in payment services and for the unhindered development and swift implementation of payments-related innovations. A subsequent increase in savings can be expected, mainly due to increased operating efficiency. Downward price pressure should be created across the board, which should be significant in particular in Member States where payments are, comparatively speaking, relatively expensive. The success of SEPA is very important from an economic, monetary and also political perspective. It is fully in line with the Europe 2020 strategy, the aim of which is a more intelligent economy. This is one of the reasons why I firmly believe that it is justified and important to make an effort to achieve a smooth and rapid transition to SEPA."@en1
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