Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-19-Speech-1-078"
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"en.20040419.6.1-078"2
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"Mr President, as a number of colleagues have said as regards consumer credit, good regulation will stimulate the market, encourage consumer confidence and stimulate innovation and development across the single market. The Commission's original proposal failed to do almost all these things, and Mr Wuermeling's report, which we warmly welcome, is a significant step in the right direction and a substantial improvement.
However, as a number of colleagues have said, consumer rights have to have proper enforcement mechanisms. The other two proposals being discussed tonight have that link in common. We warmly welcome Mrs Gebhardt's to achieve a compromise, which we will support because it is very important.
We have also made substantial progress in developing a workable proposal on the issue of unfair commercial practices, where enforcement is the key. There is no point in having new rights for consumers unless they can be enforced. Companies need to know where they stand in relation to their national legislation and they also need to be encouraged to adopt best practice through codes of conduct. We have moved substantially in that direction. The important proposal of mutual recognition is also absolutely essential to making everything work successfully.
In conclusion, this package is good for consumers and the internal market, and we will strongly support all three proposals."@en1
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