Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-22-Speech-3-283"

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"en.20081022.21.3-283"2
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"The budget is not a policy issue; it is not a technical problem, but an extremely profound political problem. Through the budget, we establish what resources are required to meet the objectives. We also give a measure of sincerity to the commitments we are undertaking. The provisions relating to the internal market seem to be adequate. We would like to thank Mrs Haug for her enormous efforts in coordinating the extremely diverse requests submitted with more general political objectives. Problems persist, however, in spite of these efforts. The financial market is showing its limits. We can see the shortcomings that are hidden behind rules which ordinary citizens find difficult to understand. They are still showing a certain fragility. The proposed amendment, which is calling for resources to be allocated to educate consumers on financial matters, has been rejected by a majority in the Budget Committee. The reason for this is not to make savings. A larger sum than was requested has been approved for an unspecified purpose linked to consumer protection. We would like to ask the committee to consider the use of the sums approved for the relevant chapter on financial education programmes. The lack of information affecting some people provides a condition for promoting speculation on the market and for making others rich. However, this is not the time to be removing protection. It is preferable for well-informed citizens to defend themselves on their own."@en1
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