Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-22-Speech-3-055"

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"Madam President, ladies and gentlemen, we, too, should like to start by thanking the rapporteur, and also the shadow rapporteur and rapporteur for the Group of the European People’s Party (Christian Democrats) and European Democrats on the Committee on Legal Affairs. This House has shown that, when a market comes apart at the seams – as was the case in the timeshare sector, of course – we are prepared to take action together. It should be reiterated that the timeshare market in its traditional form has been increasingly infiltrated by disreputable providers – of clubs and resorts, for example – who are scattered throughout Europe and who have indeed failed to inform consumers in a transparent manner about the possibilities and disadvantages of this kind of investment. The new regime will bring considerable advantages in this regard. The extension of the withdrawal period from 10 to 14 days has been mentioned. I also think it right that we have exempted multi-annual hotel bookings, as this is a completely different situation for consumers from entering into a recurrent annual investment in a holiday club or resort. Much has already been said about this, but I should also like to point out that the rule that consumers must be informed either in the language of their country of residence or in their mother tongue will also ultimately force a significant proportion of disreputable contract models out of the market and thus, in general, put the timeshare market back on a respectable basis, while also ensuring that consumers wishing to buy into holidays in such facilities can do so with complete confidence. The revision clause not found in the last directive gives this House the opportunity of evaluating, after three years, whether the course we have suggested is really solving the problems or whether there are further problems on which we must further intervene. I thank you, Commissioner Kuneva. I believe that this measure is a very positive one as far as the internal market is concerned."@en1
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