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Verbatim report of proceedings
Thursday, 16 February 2012 - Strasbourg Revised edition

Explanations of vote
MPphoto
 
 

Text tabled : A7-0225/2011

  Alfredo Pallone (PPE), in writing.(IT) Unfortunately, during the trialogue, an agreement was not reached. Therefore, we voted today on the text that was approved last July in the Committee on Economic and Monetary Affairs (ECON) at first reading, paving the way for second reading. Some sections of this report are satisfactory, whilst other measures, such as the threshold for contributions and the time limit for payouts, should, I think, be improved upon. I hope that at second reading, the Committee will present a balanced text. In fact, the text, as voted on by the ECON Committee, contains criticism of the Italian system, which has weathered the course of the recent crisis, due to both its system of financing and the means of financing the schemes. It is for this reason that I supported the four amendments presented by Ms Ford (European Conservatives and Reformists Group) aimed at leaving discretionary power to Member States with regard to the methods and system of financing deposit guarantee schemes (DGSs).

 
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