Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-19-Speech-1-190-000"

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"en.20121119.24.1-190-000"2
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"Mr President, I too commend this report, which aims to harmonise consumer protection and to improve competition. I agree that the cross-border market for consumer credit needs to be strengthened. This will promote the functioning of the internal market. At the same time, consumers need to be better informed and to benefit from a higher level of protection. Full and precise information is necessary to help consumers understand the risks they may face. This will enable them to take better decisions in full knowledge of the facts. The supervisory authorities have a very important role here. They need to monitor and prevent the risks involved in making foreign currency loans. However, I believe that greater importance needs to be given to informing consumers about the cost of services."@en1
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