Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-04-Speech-3-216"
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"en.20080604.24.3-216"2
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"Mr President, ladies and gentlemen, there is certainly a will within Parliament to harmonise the European banking world. I think, however, that families and small and medium-sized enterprises are particularly concerned, especially in my country, Italy, about certain practices which at the moment are undergoing tough and comprehensive scrutiny by the public.
I am talking, for example, about maximum overdraft fees and compound interest, which is interest on interest. These are practices which have entered into conflict with the constitutional court and the court of cassation. I do not understand, therefore, how people can talk of fee transparency or of clarity in the way in which fees are paid, when in a country such as Italy there are still such serious conflicts between banks and legal authorities.
The same goes for the flexibility of loans. At the moment there is particular concern about the fact that thousands or hundreds of thousands of families are facing serious problems regarding loan flexibility. I therefore think that Parliament ought above all to place the national banking world in line concerning fairer criteria."@en1
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