Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-271-000"
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"en.20120522.15.2-271-000"2
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"I welcome and endorse the report, and wish to highlight its balanced, realistic nature. In these areas, there is a high risk of working at cross purposes, whereby laws are made in defence of certain sections of society that actually end up being harmed by unexpected effects of the legislation. Another risk that the report has been careful to avoid is that of ending up serving up an abstract model of the nanny state with the laudable but illusory intention of eliminating the risks connected with carrying out our responsibilities as citizens.
Amongst the praiseworthy recommendations made, I would highlight the protection of consumers against bad practices, which are regrettably widespread in the consumer credit industry, which has exploded along with the crisis. These practices, which promote a reckless attitude to debt, are also harmful in terms of the difficult task of consolidating our public accounts, since lower household debt is an important advantage over, for example, the United States. Protecting vulnerable consumers is morally justifiable but also helps us maintain welfare networks in our countries, which are often called on to deal with the effects of bad practices that harm the most vulnerable."@en1
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