Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-06-19-Speech-2-328"
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"en.20070619.44.2-328"2
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".
I certainly agree with the honourable Member. As I said, it could be quite a difficult task to undertake this body of work. As Mr Crowley mentioned, the underlying principle must always be
. In all these areas, whether you are buying property or financial products, it is something that everybody must be aware of. As I said earlier today, when someone comes along offering you a deal that seems too good to be true, it usually is too good to be true. That is something we must bear in mind.
Mr Crowley mentioned the question of having a second will. Only last weekend I read an article in a professional magazine that was advising people who have properties in Spain, for example, that it was essential to make a will there covering that particular property and how to go about it. By the way, I do not have a property in Spain as of now, but many Irish people I know do, and are not aware of this requirement. This article was in a magazine that would only be read by people working in accountancy. What Mr Crowley says is very important. Only a very small percentage of Irish people who have homes in that very nice country of Spain would be aware of this information.
One of the 48 recommendations set out by the expert group was for there to be an information leaflet. It will be a bit of a task to determine what we can cover adequately within the leaflet, but we will certainly have an attempt at it. The danger is that, since we will not be able to cover everything, we may face the moral hazard of not supplying all the information, but let us see what we can achieve. If we are trying to have a single market for all areas, the logical thing then is to provide the information that goes across these particular fronts.
It would also help improve the image of the European Union if ordinary people were to say that was something very worthwhile had come from the European Union. We will make an attempt at it. How successful we will be, I do not know."@en1
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