Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-20-Speech-2-188"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-04-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20040420.7.2-188"2
lpv:hasSubsequent	lp_eu:2004-04-20-Speech-2-1892
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	member_of_the_bureau; EUL/NGL (2002-03-06--2004-07-19)3 unknown; Partido Comunista Português (1999-07-20--2004-07-19)3 member; EMPL (2002-01-17--2004-07-19)3 substitute; AGRI (2002-01-17--2004-07-19)3 substitute; Committee on Women's Rights and Equal Opportunities (2002-01-17--2004-07-19)3 member; Delegation for relations with the Mashreq countries and the Gulf (2002-02-07--2004-07-19)3 substitute; Temporary committee on improving safety at sea (2003-11-20--2004-04-21)3 substitute; PECH (2002-01-17--2004-07-19)3
lpv:translated text	". In 2003, consumer credit accounted for over EUR 510 billion in the euro zone alone (13% of household consumption). This illustrates both the economic interest in this market by the banks and other operators and also the reality of over-indebtedness, which must not be underestimated. In Portugal, household debt exceeds 100% of available income, if mortgages are taken into account. The issue does not, therefore, solely concern access to credit and consumer protection, but also economic sustainability, with families at severe risk of falling prey to the dictates of monetary policies and to the artificial temptations of consumerism. The consumer credit market is predominantly a local or regional market. There is, therefore, no apparent reason to encourage granting credit to cross-border trade, particularly with fallacious arguments that this will be the ‘engine’ to ‘stimulate internal consumption in Europe’ or a ‘key factor in the much-hoped-for economic resurgence’. While I am aware that some operators are opposed to this directive, due to certain obligations that the directive imposes on them, I have my reservations as regards the process of maximum harmonisation as contained in this Commission proposal. We must take measures to increase cooperation, to strengthen mechanisms for protecting consumers and to introduce the flexibility that Member States need in order to adopt measures that are more ... ( )"@en1
lpv:unclassifiedMetadata	"Explanation of vote abbreviated in accordance with Rule 137(1) of the Rules of Procedure"1

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