Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-603-000"

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"en.20120215.27.3-603-000"2
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"Mr President, the approximately 40 deposit guarantee systems in the EU ensure different deposit protection levels for different groups of depositors, and impose different financial obligations on the banks, limiting the internal market benefits. The minimum guarantee level established at EUR 100 000 provided for in this directive ensures protection for a greater part of the deposits, in the interest of both consumer protection and stability of the financial system. It is important that all depositors should benefit from the same guarantee level irrespective of whether or not the currency of the Member State is the euro. In the event that an insolvent credit institution is closed, the depositors of any of the subsidiaries located in a Member State other than that where the credit institution is established must be protected by the same guarantee system as the other depositors of that institution."@en1
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