Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-19-Speech-1-219"
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"en.20080519.27.1-219"2
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"Mr President, I would like to thank all my colleagues who spoke here tonight and, of course, Commissioner Kuneva for her constructive attitude that we have become familiar with since she came into office.
I have a couple of remarks. Mrs Kauppi mentioned financial services. The growing area of cross-border banking, insurance sales and wealth management which has some very sophisticated instruments is a growing problem. The rules still confuse consumers even at a national level. So I think that in this area we need a cross-border collective redress system as well, because it will make financial institutions more responsible and careful when they explain the rights and risks to the customer.
We all know the sad figures that tell us how citizens in Member States are afraid of buying goods and services across borders, which is completely due to a lack of confidence. But I trust that, when we proceed in the good mood in which we have discussed this report among ourselves and with the Commission, we can only succeed in building more confidence among European consumers."@en1
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