Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-16-Speech-4-228-500"
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"en.20120216.23.4-228-500"2
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"The European Commission has tabled a proposal on the deposit guarantee schemes (DGSs) that are intended to provide the proper mechanisms for ensuring the public that their savings, investments or insurance policies are protected, regardless of where in Europe they may be located. I am voting for this report because I believe there is a need to ensure effective coverage for deposits of up to EUR 100 000 in any currency, whether made by private individuals or businesses. There will also be a need to reduce the associated bureaucracy, speed up payments and go ahead with a wide range of measures enabling responsible and long-term finance for the 95% of deposits that are within the protected limit. I believe that Europeans will not only have better protection for their savings, but will also be able to choose the best savings product in any European country. Banks will already benefit from the scheme, since they will be able to offer competitive products throughout Europe without being limited by these differences. I also consider it crucial that measures intended to prevent future claims against DGSs be adopted, as it is advisable to predict and oversee banking activity regularly."@en1
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