Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-01-15-Speech-2-997"
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"en.20080115.7.2-997"2
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"Parliament’s vote on this very important dossier means are now one step closer to fully implementing the four freedoms. This directive will bring more rights and transparency to consumers when taking a consumer credit. Comparing credit conditions across borders and choosing the best offer will now become much easier than before. After five years of preparations, the directive will apply to all unsecured loans between EUR 200 and EUR 75 000. I want to point out that it is important to set the lower threshold at EUR 200, since loans do not often exceed EUR 500, especially in the new Member States.
The consumer will benefit not least from all contractual information, a common method for the calculation of the annual percentage rate and a 14 day withdrawal period.
Balanced laws like this help us to achieve the approval of the citizens for the European Union."@en1
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"Lasse Lehtinen (PSE ),"1
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