Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-19-Speech-1-062"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20040419.6.1-062"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
".
Mr President, to speak for only one minute on a report which we have been concerned with for such a long time will be difficult. Thank you, Commissioner, for your proposal; it provides a basis to work on. Happily, this Parliament will separate after working on that basis. You know that we support the ambitious concept with which you began, that of total harmonisation, but we can see how difficult it will be to push through. Perhaps we should do more work around that concept, in order to achieve real consumer protection, which is what we are interested in.
As for the clarity and efficacy of this text, it seems to us that what Parliament is actually proposing on the subject of harmonised rates is a useful path to follow. We retain only one rate, the overall effective annual rate. That will make things much simpler for everybody. Let us bear in mind, however, that consumer goods are goods for which credit is a particular kind of credit, inasmuch as, as soon as that credit is contracted, the goods are no longer the subject of credit but rather, in a way, of a debt, since the goods lose their value as soon as they are purchased.
There are two points to which my attention has been drawn in particular, Commissioner, and, of course, these concern the scope of this directive. As you are aware, practices and conventions vary within the European Union, so that between mortgage credits, between personal loans, and between credits allocated there are very different balances from one Member State to another, and we have to face up to the reality of the mechanisms and risks of dumping which exist as a result of different national practices.
Clearly, if you remove mortgage credits from this directive and move them to another directive you will be opening up the field to the banks, which will take advantage of mortgage credits to attack other consumer credit markets. I do not think that that is the objective sought by this directive which should, first and foremost, protect all forms of consumer credit."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples