Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-154-992"
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"en.20111013.19.4-154-992"2
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"Only a few Member States have insurance guarantee schemes (IGSs). The rapporteur reminds us that the lack of harmonisation in this area at Community level hinders effective and equal consumer protection. This may have an impact on consumer confidence, ultimately threatening market stability. Consumer protection is a very important issue for Lithuania. The latest World Bank report states that, in my country, legislation concerning consumer protection in the area of financial services is not implemented uniformly. A Eurobarometer survey on consumer protection in Europe has shown that Lithuanian consumers need a better consumer protection programme. There also needs to be additional funding in order to ensure that the Lithuanian Consumer Association works more effectively. There are more than 20 consumer associations operating in Lithuania, but only a few in the area of financial services. Some consumer associations receive limited funding from the government, but that is not enough. Government funding should be supplemented with funding provided by European agencies or bilateral agreements with established European consumer associations. Measures aimed at improving consumer protection and financial literacy must be pragmatic and effective and give consumers rights. They should include giving consumers information about improving financial services and promoting market transparency. In the case of Lithuania, this also means strengthening the functions of the State Consumer Rights Protection Authority by implementing legislation concerning consumer protection in the area of financial services."@en1
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