Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-16-Speech-4-215-000"
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"en.20120216.23.4-215-000"2
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"This subject concerns an area of the internal market where the comprehensive protection of depositors and ensuring the same stability of deposit guarantee schemes within the EU arises as a common requirement, and therefore I, too, clearly endorse the adoption of this report. Nothing justifies my commitment better than that the adoption of this report will enable us to prevent the kind of banking panic that caused great upheaval in Hungary recently, as many people had terminated their domestic deposits and placed their funds with the banks of other countries. It is especially welcome that the directive clearly determines the coverage level for the same depositor, and that the incomes resulting from all transactions under this protection are indicated specifically by name, and that the incomes of local governments are also given sufficient coverage. This common safety net offers a high level of protection to depositors in the European Union."@en1
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