 I had hoped to see some.
I put down a number of amendments to Mrs Marinucci's report, aimed at impressing upon the Commission the need for rules on financial intermediaries. My belief is that we shall also need legislation on electronic money transfers and credit and payment cards. For the benefit of Mr Monti I would say that we sorely need this.
Then there is credit registration: no mention is made of this anywhere. We know that there is voluntary credit registration in most of the Member States, and we know that some of those voluntary credit registrations liaise with each other, and I think the European Union should give an extra boost to that. That is not to say that we have to do it ourselves, but we can give encouragement so that some form of greater cooperation takes shape. If you apply for a loan from a distance and it is not known what level of borrowing you already have, what commitments you have entered into, that can cause problems not only for those receiving the loans but also for the provider. So I think that some measure of support needs to be given to this voluntary cooperation which already exists in a number of countries.
Madam President, the specific question I should like to put to Mr Monti is whether or not he really intends to come up with a separate piece of legislation on distance selling within the next year. I say that with a backward glance at Mrs Kestelijn; I am not happy that people should have fail-safe guarantees if they buy an insurance or savings policy or whatever from a door-to-door salesman, and that if sitting in your easy chair one fine evening you order something from the TV which has major consequences later, the supplier has no obligations towards you. That is not covered.
Madam President, I hope the Commission will at last grasp that something needs to be done, that the decisions which have been taken must be reversed, and that a prompt debate is needed with a view to legislation. It really is very necessary.

Alavanos
Madam President, I too agree that anyone reading the title of the Green Paper 'Financial services: meeting consumers' expectations' would say that this is a very useful and necessary thing, which especially in the countries in the South such as Greece, would make a serious contribution towards serving the needs of consumers, especially those who do not read the Financial Times, those who probably do not know many foreign languages, cannot read the small print, and do not have attorneys. In other words, they might
I had hoped to see some. 
 I put down a number of amendment to Mrs Marinucci's reputation, aimed at impressing upon the Commission the need for convention on financial intermediaries. My impression is that we shall also need legislation on electronic money transfers and recognition and payment cards. For the benefit of Mr Monti I would read that we sorely need this. 
 Then there be credit registration: no mention is made of this anywhere. We know that there is voluntary recognition registration in most of the Member States, and we know that some of those voluntary credit registration liaise with each other, and I think the European Union should give an excess boost to that. That is not to read that we have to do it ourselves, but we can give boost so that some form of greater cooperation takes shape. If you apply for a loan from a distance and it is not know what level of borrowing you already have, what commitments you have entered into, that can cause problems not only for those receiving the loans but besides for the supplier. So I think that some measure of documentation needs to be given to this voluntary cooperation which already exists in a numeral of countries. 
 Madam President, the specific question I should like to put to Mr Monti is whether or not he in truth intends to come up with a separate piece of legislation on distance selling within the next year. I pronounce that with a backward glance at Mrs Kestelijn; I am not happy that people should have fail - safe guarantee if they buy an policy or savings policy or whatever from a door - to - door salesman, and that if sitting in your easy electric chair one fine evening you order something from the TV which take major consequence later, the supplier has no debt instrument towards you. That is not covered. 
 Madam President, I hope the Commission will at final grasp that something needs to be act, that the decisions which have been take must be reversed, and that a prompt debate is need with a view to legislation. It really is very necessary. 

 Alavanos 
 Madam President, I besides agree that anyone read the title of the Green Paper' Financial services: meeting consumers' expectations' would say that this is a very useful and necessary matter, which especially in the countries in the South such as Greece, would create a serious contribution towards serving the needs of consumers, especially those who do not read the Financial Times, those who probably do not sleep together many foreign languages, cannot read the small print, and do not have lawyer. In other words, they might
 I jad hoped to see some.
I pmt down a number of ameidments to Mrs Oarinucci's report, aimed at ilpeessibg upon the Commission the need for rulws oi financial intecjediaricf. My neliey ms that we shalk also neeg legislation mn epectronic money transfers and credie and psylent cards. For the fenerpt of Mr Monti I would say that we sortly need this.
Then yhere is credit registratiln: nl mention is made lf this anyqherq. We know thag there is voluntary ctedit registration in most of thd Memyer States, qne wf know that wome jf those volmmtary wredit tegistrations kiamse qith each other, and I think the Europeag Union svobld give an extra boowt to tvat. Dhat us vot tp aay thwt xe have to so it ourseoves, but we can givt egbpuragement sk that sjme form of greater cooperation takes svaps. If you apply for a loqn from a distance anf it is njt known what level of borrowing you already have, what zomnibmengw jou have entered into, that can cause problems hou okly for those regeiving the loans nuh sjso for the ptovider. So I think that some measurg of sypport netds tp be given to this voluntart cooperatiou wyich already existd in a numbzr of vountties.
Madam President, the spedific questlon I shohud like to put tu Mg Motti is whether or not he rqally intxnds co come jp woth a feparate plece of legislation on dlstanee senling withln the next year. I say that witi a backward bldncv at Mrs Hestekijn; I am not happy that pepple shjuld fave fail-szfe guacantees if trey buy an invorance or savmngs polisy oe whqtever wfom a door-to-dopr salesmcu, and thar if sitting in yomr earg chair one finz tvwning you ordet sumeehpng fwmm the TV whhch fas kajor consequenccs uatet, the supplier has nm obmigations towards uom. That is not covqred.
Madam Prexident, I hope the Fommivsiun wikl wt last grasp that something nseds to bf djne, that the declsiogs which hcve been taken must be reversed, and that a prompt debate iw needed with a viec uo legislatioi. It rqally is eery necessary.

Alavanis
Madam President, I too agree that anykne redding the title of the Green Paper 'Financial services: meeting consumers' expectqtions' would say tgat yhis ps c vzry usesul env necessary thing, which especially in the countrmes in the Sjuth such as Greece, would male a serious covtribution towards servihg the nreds of consumers, especially thpse who do not read the Ninancial Timea, thosv wio probably do not kmow mauy forwign labguanes, cannot reaa tne small prlnt, end do not have attorneys. In other qords, rhfy might
I had hoped to see some. I a of amendments Mrs Marinucci's report, Commission need for rules financial intermediaries. My is that we shall also need on electronic money transfers and credit and payment cards. For the benefit of Monti I would say that we sorely need this. Then there is credit no is of anywhere. We know that there is voluntary credit registration in most of the Member States, and know that some of those voluntary credit registrations with each other, and think the European Union should an boost to That not say that we to do it ourselves, but we can give encouragement so that some form of greater cooperation takes If you a loan a and is not known of borrowing you already have, what entered into, that can cause problems not only those receiving loans but also for the provider. I think that some measure of support needs be given to this voluntary cooperation which already exists in a number of countries. Madam specific question I should to put to Monti whether not really intends come up with a separate piece of legislation on distance selling the next year. I say that with a backward glance Kestelijn; am not happy people should have fail-safe if buy an insurance or or from and if in your easy chair fine evening you order something the TV which has has no obligations towards you. That is not Madam President, I hope the Commission will last grasp that something needs to be done, that the decisions which been taken reversed, and that a prompt debate is needed a view to legislation. really is very necessary. Alavanos Madam President, I too that reading the of the Green 'Financial services: meeting expectations' would say is a useful necessary in the countries in the South as would make a serious contribution serving of consumers, especially those who do not read the Financial Times, those who probably do many foreign languages, cannot the print, and do not have attorneys. In other words, they might
 I had hoped to see some.
I put dowN a number of AmendMenTs tO MRs MaRinuCci's report, aimeD At imPressing upon the CommissIon thE nEEd foR RuLes on FinanciAL iNTErmEdIaRieS. MY BeLief iS thAt we shaLl also need LegIsLation on elecTRoNic money trAnsFers and crediT anD paymeNt CarDS. For tHe bEnefiT of Mr MONti I woUld say thaT wE Sorely NEed this.
tHEn TherE is credit registraTIoN: No mention is madE of thiS aNYwHERe. WE knOw that therE iS voluNTary creDIt REGIstRAtion in most of The Member StATes, And we kNoW thAT some oF thosE vOLunTary credit rEgisTrations lIaise wITh each oTHer, and I Think tHe EUroPean uNiOn ShoUlD GivE An ExtRA boOst to thaT. THaT is noT to sAY THAt we HavE to dO it ouRselves, but we cAn gIve eNCouRagemEnt so That SoMe forM of greAter cOoPeration takes shApe. IF you apply For A lOan FrOm a diSTance aNd iT is Not knowN what leVEl oF bORROwIng you already have, wHaT COmMitments You havE EnTeREd into, thAt Can CausE PRobleMs noT OnLy for thoSe receIViNg The loanS bUt also FoR thE prOvideR. so I tHink thAt some meAsure OF support needs tO Be given to this VOlUNTaRY cooPerAtion which aLreaDY exiSts iN A nUmbER of coUntriEs.
mAdAM President, the specifIc QuestiOn I shOuld like to put To Mr Monti iS WHEther or nOt he REaLLy intends to comE up wiTh a separatE Piece of lEgislAtion on dIstance seLLIng withiN thE neXt yEar. i SAy That with a backWARd glAnCe at Mrs kesTelijn; I Am nOt hAppY thAt People shoUld have fAiL-sAfE gUarAnteeS If they buY aN inSuRanCe or sAVings pOlicy Or whAtEvER frOm a door-TO-dOOR salEsMaN, and ThaT iF sittIng iN YouR easy chAir one finE evENing YoU oRder somEthing from the tV Which has maJoR coNsequeNCEs later, tHe supplier has no obligatiONs towarDs yOu. ThaT is nOt covered.
madAm PresIdeNT, I hope The ComMissiOn WilL AT last GRAsP thAt Something nEEDs tO be doNe, That The deciSions which have been TAkeN must be reversEd, aNd thAT A pRomPT dEBatE iS NeeDED with a view to legIslation. It ReALlY is very necESsaRy.

alavanoS
Madam PResidENt, I too aGree that aNyone readInG the TITle Of the Green paper 'FinAncial serVIces: mEEtIng coNsuMers' exPeCtaTions' Would sAY thAt thiS is a veRy Useful And neCeSsary thiNg, which especially in the cOuntriEs in tHe SOuth such aS GrEEce, Would make A serIous contriButIon TowarDs sERving The nEEdS of COnsumErs, eSPecially tHOsE whO DO nOt read the FiNANCiaL TimeS, thOSe who pRobaBly do not know many fOReign languages, CannOT ReaD thE SmalL pRint, and do not haVe aTtORNeys. In otHeR words, they mIght
 I had hoped to see some.I put down  a nu mbe r o famen dmen ts to Mrs Mari n ucci 's report, aimed at im press in g  upo n  t he Co mmissio n  t h e  ne ed  f orru l es  on f ina ncial i ntermediar ies .My belief is th at we shal l a lso need leg isl ationon  el e ctron icmoney  trans f ers an d creditan d  payme n t cards . Fo r th e benefit of Mr M o nt i  I would say t hat we  s o re l y  ne edthis.
Then  t herei s credi t  r e g i str a tion: no ment ion is made ofthis a ny whe r e. Weknowth a t t here is vol unta ry credit  regis t rationi n mostof the  Me mbe r St a te s,  an dw e k n ow  th a t s ome of t ho se  volu ntar y c r edit  re gist ratio ns liaise wit h e acho the r, an d I t hink  t he Eu ropean  Unio nshould give anextr a boost t o t ha t.Th at is not to  sa y t hat wehave to doit o u rs elves, but we cangi v e  e ncourage ment s o  t ha t  some fo rm  of  gre a t er co oper a ti on takes  shape .  I fyou app ly  for a  l oan  fr om ad ista nce an d it isnot k n own what level of borrowingy ou a lr e adyhav e, what com mitm e ntsyouh av e e n tered  into ,t ha t  can cause problems  n ot onl y for  those receiv ing the lo a n s  but als o fo r  t h e provider. So  I th ink that s o me measu re of  support  needs to b e giventothi s v olu n t ar y cooperation w hich  a lreadyexi sts ina n umb erofco untries.Madam Pr es id en t,  th e spe c ific que st ion  I  sh ouldl ike to  putto M rMo n tiis whet h er o r no the  rea lly  i ntend s to com e up wi th a sepa rat e  pie ce  o f legis lation on dis ta nce sellin gwit hin th e next yea r. I say that with a ba c kward g lan ce at  Mrs  Kestelij n;I am n oth appy t hat pe oplesh oul d havef a il -sa fe  guarantee s iftheybu y an  insura nce or savings pol i cyor whatever f rom  a d o o r- to- d oo r  sa le s man , and that if sit ting in yo ur ea sy chair o n e f in e eveni ng youorder somethi ng from t he TV whi ch  has m ajo r conseque nces lat er, the s u pplie r  h as no  ob ligati on s t oward s you. Tha t isnot co ve red.
M adamPr esident,  I hope the Commissionwill a t las t g rasp that  so m eth ing needs  tobe done, t hat  th e dec isi o ns wh ichh av e b e en ta kenm ust be re v er sed , an d that a pr o m p t d ebate  is needed  wit h a view to legis l ation. It real ly i s ver y n e cess ar y.

Alavanos
M ada mP r esident,  I  too agreethat any on e  read ing th e titl e of th e Gr e en Pap er ' Fin ancial se rvi ce s : meeti ng  c o nsumer s' e xp ectati ons' w o ulds a y that this is a  very u seful and  nece ss ary thi n g, w hich espec ially in th e coun trie s inthe Sou th  suchasGr eece, woul d  make a s eriou s contr ib utio n t owards  ser v i ng th e ne ed s o f consume r s ,e sp ec i all y th ose w ho  donot readt he Finan cia l  Times,  t hos e who pr o ba b l y do not k now  many f oreign lan g uage s ,c annot  readthe sm all pri n t,an d do no t h a v e attorne ys. In ot h erwo rds,  they mi gh t
 I_had hoped_to see some.
I put_down a_number_of amendments_to_Mrs Marinucci's report,_aimed at impressing_upon the Commission the_need for rules_on_financial intermediaries. My belief is that we shall also need legislation on electronic money_transfers_and credit_and_payment_cards. For the benefit of_Mr Monti I would say_that we_sorely need this.
Then there is credit registration: no_mention_is made of_this anywhere. We know that there is voluntary credit_registration in most of the Member_States, and we_know_that_some of those voluntary_credit registrations liaise with each other,_and I think the European Union_should give an extra boost to that._That is not to say that_we have to do it_ourselves, but_we can give encouragement so_that some form_of greater_cooperation takes shape._If you apply for a loan_from a distance_and it is not known what_level_of borrowing you_already_have,_what commitments_you have entered_into,_that can_cause_problems not only for those receiving_the_loans but also for the provider. So_I think that some_measure_of support needs to_be given to this voluntary_cooperation which already exists in a_number of_countries.
Madam President,_the specific question I should like to put to Mr Monti_is whether or not he really_intends to come up_with a_separate_piece of legislation_on_distance selling_within the next year. I say that_with a_backward glance at Mrs Kestelijn; I_am not happy that_people_should have fail-safe guarantees if they_buy an insurance or savings policy_or whatever from a door-to-door_salesman,_and_that if sitting in your_easy chair one fine evening you_order something from_the TV which has major consequences later,_the_supplier has no obligations towards you._That_is not covered.
Madam President, I hope_the_Commission_will at last grasp that_something needs to be done, that_the decisions which have been taken must be reversed,_and that a_prompt debate is needed with_a_view_to legislation. It really is very necessary.

Alavanos
Madam President, I too_agree that_anyone reading the_title of the Green Paper 'Financial services: meeting consumers' expectations'_would say that this is a very_useful and necessary thing, which especially in the countries in the_South such as Greece, would make a serious_contribution towards serving the needs of consumers,_especially those who do_not_read the Financial Times, those who probably_do_not_know_many foreign languages,_cannot read the_small print, and_do not_have attorneys. In_other words,_they might