Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-22-Speech-3-231"
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"en.20081022.17.3-231"2
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"At the core of this report is the crucial issue of consumer protection. There is obviously a demand for timeshare and similar products and we cannot hinder responsible companies from responding to this demand. I do not think anyone is by any means suggesting that all companies operating in this field are involved in bad practice or exploitation. We are nonetheless aware that there are companies that have unscrupulously taken advantage of European consumers and that European consumers have suffered in dealing with badly-managed companies let off the hook as a result of inadequate regulation in this area. A number of Irish holidaymakers have suffered considerable financial and legal difficulties following agreements entered into with a badly managed timeshare company in continental Europe.
The new directive includes some vital consumer protection safeguards, relating to areas such as advertising and contracts. I particularly welcome the provision on right of withdrawal, or the cooling-off period, which allows consumers – carried away by a sharp advertising pitch or while on holidays – time for sober reflection, so that they can be sure that they are happy with the medium- and long-term consequences of a timeshare agreement."@en1
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