Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-236-750"
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"en.20120214.15.2-236-750"2
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".
The introduction of the euro has made it possible for us to make payments in that single currency across the entire Union. The time has come, however, to go one step further and to enable consumers and entrepreneurs to make non-cash payments from a single account and on the same basic conditions regardless of the country where they are. This does of course call for greater integration of the internal market. I am aware of how great an advantage the internal market is when trying to overcome the crisis, and that is why we must do further work to ensure that it operates efficiently. Creating a Single European Payments Area is one of the actions aimed at making this happen.
I believe that unifying the principles for national and foreign transfers, in other words, creating an internal market for payment services in euro, will be very beneficial for the economy. It will mean that it will no longer make a difference whether payments are national or cross-border, and therefore the charges borne by entrepreneurs and consumers will be lower. In my view such a common payments area will make the internal market more competitive and will foster innovation. In addition I feel that the system will contribute to improving the quality of services and payment instruments and will also make them more effective. This is why I agree with the provisions of the regulation."@en1
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