Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-242-125"

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"en.20120214.15.2-242-125"2
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"− Today Parliament took an important stand for consumers. Credit transfers between EU Member States are to become cheaper, safer and faster, thanks to the new legislation on the Single Euro Payments Area (SEPA). From 1 February 2014 the new EU rules will also guarantee the elimination of hidden costs in banking transactions, and should save customers, banks and enterprises as much as EUR 123 billion in six years. This is tangible evidence of the desire to show our citizens that the internal market exists, is developing and wishes to put in place conditions deserving the trust of enterprises and consumers. It will become possible to make and receive payments in euro throughout the EU under the same basic conditions applied to domestic payments, and we hope that cross-border transactions, including online transactions, will receive a boost that will ensure greater competition, competitiveness and quality for European citizens, to the benefit of consumers and enterprises."@en1

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