Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-193"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-11-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20081118.26.2-193"2
lpv:hasSubsequent	lp_eu:2008-11-18-Speech-2-1942
lpv:speaker	lp:Šarūnas Birutis2
lpv:spokenAs	member_of_the_bureau; ALDE (2008-06-26--2009-07-13)3 substitute; IMCO (2007-01-31--2009-07-13)3 unknown; Darbo partija (2004-07-20--2009-07-13)3 member; ITRE (2007-01-31--2009-07-13)3 substitute; Delegation for relations with India (2007-03-15--2009-07-13)3 member; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2004-09-15--2009-07-13)3
lpv:translated text	"Financial education is an important matter on the EU’s agenda, especially in the midst of the financial crisis. Consumers need basic skills to help them choose and completely understand information and offers. Consumers are confronted with an ever growing supply of increasingly more complex goods and services. Meanwhile consumer information and advice do not correspond with the level of complexity of financial products. As a result of this situation, consumer vulnerability as regards financial matters is on the increase. If gaps in the knowledge and financial competence of financial intermediaries and consumers are reduced, the risk of over-indebtedness, defaulting on payments or bankruptcies will also be reduced. There would also be an increase in lender competition and the overall efficiency of the market, as consumers with more knowledge can understand how various financial offers differ and can choose the one which best suits their needs. Knowledge and skills are not currently good enough to ensure that consumers can manage their finances properly."@en1

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