Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-199"
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"en.20081118.26.2-199"2
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"I voted in favour of the report drafted by Mrs Iotova as it encourages Member States to develop educational programmes for pensioners who could be at risk of financial exclusion, as well as for young people starting their professional careers who are faced with the challenge of determining how to make appropriate use of their new income.
Consumers who do not have any financial knowledge have problems in choosing products and services which best suit their needs. It is hard for them to evaluate the advice given and they may therefore be misled, falling victim to unfair selling practices
I welcome the Commission’s initiatives in the area of consumer financial education, in particular the recent setting-up of the Expert Group on Financial Education. I think however that this Expert Group on Financial Education should have clear responsibilities and powers.
The website already created by the Commission for educating consumers (http://www.dolceta.eu) has proved to be useful. I hope that this online tool will continue to be developed and updated in all the official languages."@en1
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