Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-20-Speech-2-190"
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"en.20040420.7.2-190"2
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".
The purpose of the Commission’s proposal, which updates the provisions of Directive 87/102/EEC, is to raise levels of consumer protection. Such an initiative is, therefore, to be welcomed.
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It also contains some less positive elements, however, and this report seeks to rectify those elements.
Some of the measures put forward by the Commission could make credit more expensive and, in so doing, could lead to a reduction in loans.
We welcome those rules that are intended to strengthen transparency and comparability.
It is also important that we establish the principle of responsible lending, placing special emphasis on the obligations of both lender and borrower.
We must establish minimum, yet essential rules at Community level for consumer credit. Nevertheless, a higher level of consumer protection must fall to Member States at national level, otherwise the subsidiarity principle will be breached and the nature of a directive will be undermined.
In light of the amendments tabled by the rapporteur, I am voting in favour.
I must, however, state my approval of the way in which the Commission draws attention to over-indebtedness. In this regard, in fact, I cannot agree with the report. One of the main reasons for consumer over-indebtedness must surely have to do with easy access to consumer credit, such as non-essential or other items that consumers clearly neither need nor can afford.
In this respect I agree ..."@en1
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