Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-196"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-11-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pl"^^xsd:language2
lpv:document identification number	"en.20081118.26.2-196"2
lpv:hasSubsequent	lp_eu:2008-11-18-Speech-2-1972
lpv:speaker	lp:Małgorzata Handzlik2
lpv:spokenAs	member; EPP-ED (2004-07-20--2009-07-13)3 member; Delegation for relations with Mercosur (2007-03-14--2009-07-13)3 member; IMCO (2007-01-31--2009-07-13)3 substitute; Delegation for relations with the countries of the Andean Community (2007-03-14--2009-07-13)3 substitute; Delegation for relations with the Gulf States, including Yemen (2007-03-14--2009-07-13)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2007-05-23--2009-07-13)3 unknown; Platforma Obywatelska (2004-07-20--2009-07-13)3
lpv:translated text	"In this time of financial crisis, this report has assumed new importance. This is because the mortgage crisis has revealed the dangers which can stem from failing to provide borrowers with appropriate information. It has also demonstrated consumers’ inability to understand financial and economic information and the impact which changes in macroeconomic indicators could have on the repayment of their loans, and thus their lack of awareness of the risk of insolvency and excessive debt. The report calls attention to the need to educate consumers and raise their awareness, and thus enable them to use their own knowledge to assess the financial products offered to them. I therefore support the initiative calling for the development of financial education programmes, especially those drawn up with potential users in mind, which take into account their age, income, education, and the area of their employment or interests. In addition, financial education programmes must be based on practical and real situations which we encounter in our everyday life. I hope that the report will help financial institutions, as well as consumers themselves, to understand the need for financial education. I believe that both can benefit, since insolvency and excessive consumer debt represent a problem for the lending institutions whose clients are experiencing difficulties with debt repayment."@en1

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