Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-274-875"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-05-22"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"mt"^^xsd:language2
lpv:document identification number	"en.20120522.15.2-274-875"2
lpv:hasSubsequent	lp_eu:2012-05-22-Speech-2-275-0002
lpv:speaker	lp:Louis Grech2
lpv:spokenAs	substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2013-03-12)3 member; Delegation for relations with Australia and New Zealand (2009-09-16--2013-03-12)3 substitute; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2013-03-12)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2013-03-12)3 unknown; Partit Laburista (2009-07-14--2013-03-12)3 member; S&D (2009-07-14--2013-03-12)3 substitute; BUDG (2012-01-19--2013-03-12)3 vice-chair; IMCO (2012-01-24--2013-03-12)3
lpv:translated text	"The Irigoyen Pérez opinion correctly highlights that well informed, empowered consumers, once offered the proper protections, can be the engine of growth and increased competitiveness for the Union. However, it is clear that consumers in many sectors remain very vulnerable, above all, in relation to financial products. Financial institutions often understate the risk of financial products to retail investors who are not familiar with financial risk. Consumer policy that is fit for purpose should be oriented not only towards providing the relevant legal protection, but also towards strengthening consumers’ power to make their own informed decisions and exercise their rights. The implementation of a comprehensive system of alternative and online dispute resolution for consumers, which would make resolving disputes between consumers and traders quicker, cheaper and easier, is an important initiative in this regard. I would now call on the Commission and Member States to take the necessary further concrete legislative steps to address consumer vulnerability, particularly in relation to the advertisement of financial products and advertisements targeting children and adolescents."@en1
lpv:unclassifiedMetadata	"Louis Grech (S&D ),"1 "in writing."1

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