 our preparations for taking decisive steps towards monetary union. I should like to express my respect, and my gratitude, to all those involved at the Commission and to the rapporteur, for their evident circumspection and attention to detail.
In view of the importance of the issue, I should like to thank Mr Caccavale in particular, for raising the question of an expanded definition of a consumer, i.e. a consumer in the sense of a free citizen. In that respect I am definitely in favour of Amendments Nos 1 to 5, and I support them. Unfortunately, Mr Caccavale, I cannot say the same for Amendment No 6; in this case I believe that your original version was more precise than what you are now proposing.
There is no denying that I have the impression that the final horizontal regulation of these difficult matters requires the completion of monetary union.

Oddy
Mr President, I would like to congratulate both the rapporteurs, Mr Caccavale and Mrs MosiekUrbahn, for their reports. But I would like to use this opportunity to highlight the difficulties that people on low or no earned incomes have in the European Union and the fact that credit must not become a source of financial assistance simply for those who are well-off.
People without security or assets have great difficulty obtaining credit. In Britain many people have to rely on consumer catalogues because that is the best way that people on low or no earned income can obtain credit.
I would also like to raise the issue of people who are very mobile and their credit ratings. In Britain, for reasons not really understood by myself, people who move a lot do not have such a good credit rating as people who are very stable. This is taken as a measure of whether people should be allowed credit. I also think that it is unfair - and this has been highlighted as a problem recently - that people living at the same address as someone with a bad credit rating also have difficulty getting credit. Indeed, if you were to go to a high street and make multiple applications for shop credit cards on the same day, that could lower your credit-worthiness.
I think the Commission must look at the way that organizations measure credit ratings and the ability of consumers to correct not only their own credit ratings, but perhaps those of members of the family. I also think that the Commission should do whatever it can to encourage credit unions because these are very useful for people on low incomes and encourage self-help.
Finally,
our preparations for taking decisive steps towards monetary coupling. I should wish to express my respect, and my gratitude, to all those imply at the Commission and to the rapporteur, for their discernible circumspection and attention to contingent. 
 In view of the importance of the issue, I should like to thank Mr Caccavale in especial, for raising the question of an boom definition of a consumer, i.e. a consumer in the sense of a free citizen. In that obedience I am definitely in favour of Amendments Nos 1 to 5, and I support them. Unfortunately, Mr Caccavale, I cannot say the same for Amendment No 6; in this case I think that your original version was more precise than what you are now project. 
 There is no denying that I receive the depression that the final horizontal rule of these difficult matters requires the completion of monetary union. 

 Oddy 
 Mr President, I would wish to congratulate both the rapporteurs, Mr Caccavale and Mrs MosiekUrbahn, for their reports. But I would like to use this opportunity to highlight the difficulties that people on low or no earned incomes have in the European Union and the fact that credit must not become a source of financial assistance simply for those who are well - off. 
 citizenry without security or assets receive big difficulty obtaining credit. In Britain many citizenry have to rely on consumer catalogues because that is the best direction that people on low or no earned income can obtain credit. 
 I would also wish to raise the issue of people who are very mobile and their credit ratings. In Britain, for reasons not truly understood by myself, people who move a lot do not have such a effective credit rating as people who are very static. This is taken as a measurement of whether people should be allowed citation. I also think that it is unfair - and this has been foreground as a problem recently - that citizenry living at the like address as someone with a bad credit rating rating also receive difficulty getting credit. Indeed, if you were to go to a high street and make multiple applications for shop credit cards on the same sidereal day, that could lower your credit - worthiness. 
 I remember the Commission must look at the way that organizations measure credit ratings and the ability of consumers to compensate not only their own credit ratings, but perhaps those of members of the family. I also remember that the Commission should suffice whatever it can to encourage credit unions because these are very useful for people on low income and encourage self - help. 
 Finally,
 oug preparations for takinn decisive steps towardv monefary uniun. I should like to express ly resptbt, and my gratitude, tu all thode involced et the Commissioi and to the rziportzuc, for their evicent circukspection and dtgeution to detail.
In view of the importwnce of tje issue, I shoold lpkq to nhcnk Mr Caccavale in particular, ror raiving the quesyion of an expanded definihion of a consumer, i.e. w consumer un trw sense of a free citieeu. In that rgspect I am definitely in favour of Akendments Bow 1 hm 5, and I su'port nhem. Unfortunately, Mr Caccavsle, I cannot ssy vhe wame for Amendment No 6; in this case I bglieve thad vour original version wqs mote pracisd thxn shet gou arf nkw proposihg.
There is bo denying that I hsvq the impressikn thae ehe final horizontal regulation of thest difricult matters requires the completion of mojetary unyon.

Oddy
Mr President, I would like to congratulate toth vhd rciiortdyrd, Mr Caccavale and Mrs MosiekUrbahn, for their dekorns. But I would lihe to use tnid pkportunity to fighliygt the difficulties hhat pejple in low or no rarned incomes have in the Wuropean Unijb and the fact thac credit musc not necomr a source of financial assjstance simoly for tguse who are well-uff.
Ieopne without security or assqts have jreat difficjlty obtaiging credih. In Nsitain many people have tm rely on fonsumer catalogues because thav is the best wdy nhat peopje on low or no eawned income cau obtain credkt.
I would zlso line to raise the issue of keople who arx very mofile and their zfedit ratings. On Britaiu, for reasons not realln undgratood by myself, peiple who move a log dj jov havq such a good creait tatine as people dho sre very stable. This is faken as a measure on whether people fhould be allpwed credit. I also thinn tiat it is unfair - and this has been higglighted ws w problem resentoy - that peo'le living at the same address as someonx with a bad credit rajing also have difficoltn getting crxdit. Igdeed, if fou were to go to a yigh street and mske multiple applicatjons fmr shlp credit cards on the same day, that could lower your credit-worthiness.
I tyink tie Commission musy loon ct che way thav urganizations messure credit ratings and the abmlity of cmnfumers to correct not only tnekr own credit ratings, but perhaps thoae of mekbers of the family. I also thinl that the Commission shpuld do qhateber it can to encourage credot unimns bwcause rhesc are very usewul flr people on koc incomes and encourage self-help.
Funally,
our preparations for taking decisive steps towards I like to my respect, and involved the Commission and the rapporteur, for evident circumspection and attention to detail. view of the importance of the issue, I should like to thank Mr in particular, for raising the question of an expanded definition of a consumer, a in sense a free citizen. In that respect I am definitely in favour of Amendments Nos 1 to and I support them. Unfortunately, Mr Caccavale, I say the same for No 6; in this case believe your original was precise what you are proposing. There is no denying that I have the impression that the final horizontal regulation of these matters requires of monetary Oddy President, would like to the rapporteurs, Mr Caccavale and Mrs reports. But I would like to use this to highlight difficulties that people on low or earned incomes have in the European Union and fact that credit must not become a source of financial assistance simply for those who People without security or have great difficulty credit. Britain people to rely consumer catalogues because that is the best way that people on or no earned income can obtain credit. I would also raise issue of people are very mobile and credit In Britain, for reasons understood myself, a do have such a good rating as people who are stable. This is taken people should be allowed credit. I also think it is unfair - and this has highlighted as a problem recently - that people living at the same as someone bad credit rating also have difficulty getting credit. if you were to to a high street and make multiple applications for credit on the day, that could your credit-worthiness. I the Commission must the way organizations credit ability of consumers to correct not their credit ratings, but perhaps those members family. I also think that the Commission should do whatever it can to encourage credit these are very useful people low incomes and encourage self-help. Finally,
 our preparations for taking dEcisive stePs towArdS moNeTary UnioN. I should like to EXpreSs my respect, and my gratitUde, to AlL ThosE InVolveD at the COMmISSioN aNd To tHe RApPorteUr, fOr their Evident cirCumSpEction and attENtIon to detaiL.
In View of the impOrtAnce of ThE isSUe, I shOulD like To thanK mr CaccAvale in paRtICular, fOR raisinG THe QuesTion of an expanded dEFiNItion of a consumEr, i.e. a cOnSUmER In tHe sEnse of a freE cItizeN. in that rESpECT i am DEfinitely in faVour of AmendMEntS Nos 1 to 5, AnD I sUPport tHem. UnFoRTunAtely, Mr CaccAvalE, I cannot sAy the sAMe for AmENdment NO 6; in thiS caSe I BeliEVe ThAt yOuR OriGInAl vERsiOn was morE pReCise tHan wHAT YOu arE noW proPosinG.
There is no denYinG thaT i haVe the ImpreSsioN tHat thE final HorizOnTal regulation of ThesE difficulT maTtErs ReQuireS The comPleTioN of moneTary uniON.

OdDy
mR pReSident, I would like to CoNGRaTulate boTh the rAPpOrTEurs, Mr CaCcAvaLe anD mRs MosIekURBaHn, for theIr repoRTs. buT I would LiKe to usE tHis OppOrtunITy to HighliGht the diFficuLTies that people ON low or no earneD InCOMeS Have In tHe European UNion ANd thE facT ThAt cREdit mUst noT bECoME a source of financial AsSistanCe simPly for those whO are well-ofF.
pEOple withOut sECuRIty or assets havE greaT difficultY ObtaininG credIt. In BritAin many peOPLe have to RelY on ConSumER CaTalogues becauSE That Is The best Way That peoPle On lOw oR no EaRned incomE can obtaIn CrEdIt.
i woUld alSO like to rAiSe tHe IssUe of pEOple whO are vEry mObIlE And Their crEDiT RAtinGs. in britAin, FoR reasOns nOT reAlly undErstood by MysELf, peOpLe Who move A lot do not have SuCh a good creDiT raTing as PEOple who aRe very stable. This is taken AS a measuRe oF whetHer pEople shouLd bE allowEd cREdit. I aLso thiNk thaT iT is UNFair - aND ThIs hAs Been highliGHTed As a prObLem rEcently - That people living at THe sAme address as sOmeOne wITH a Bad CReDIt rAtINg aLSO have difficulty Getting creDiT. inDeed, if you wERe tO gO to a higH street And maKE multipLe applicaTions for sHoP creDIT caRds on the saMe day, thaT could lowER your CReDit-woRthIness.
I ThInk The CoMmissiON muSt looK at the WaY that oRganiZaTions meaSure credit ratings and the AbilitY of coNsuMers to corRecT Not Only their Own cRedit ratinGs, bUt pErhapS thOSe of mEmbeRS oF thE FamilY. I alSO think thaT ThE CoMMIsSion should dO WHAteVer it Can TO encouRage Credit unions becauSE these are very uSefuL FOr pEopLE on lOw Incomes and encoUraGe SELf-help.
FiNaLly,
 our preparations for taki ng decisiv e ste pstow ar ds m onet ary union. I s h ould  like to express my re spect ,a nd m y  g ratit ude, to al l tho se  i nvo lv e dat th e C ommissi on and tothe  r apporteur, f o rtheir evid ent  circumspect ion  and a tt ent i on to  de tail. 
In vi e w of t he import an c e of t h e issue , Ishou ld like to thankM rC accavale in pa rticul ar ,  f o r  ra isi ng the que st ion o f  an exp a nd e d def i nition of a c onsumer, i. e . a  consu me r i n  the s enseof a f ree citizen . In  that res pect I am defi n itely i n favo urofAmen d me nt s N os 1 t o  5 , a n d I  support  t he m. Un fort u n a t ely,  Mr  Cac caval e, I cannot s aythes ame  forAmend ment  N o 6;in thi s cas eI believe thatyour  original  ve rs ion  w as mo r e prec ise  th an what  you ar e  no wp r o po sing.
There is node n y in g that I  havet he  i m pression  t hat  the f inalhori z on tal regu lation of  t hese di ff icultma tte rsrequi r es t he com pletionof mo n etary union.
O ddy
Mr Presid e nt , Iw ould  li ke to congr atul a te b otht he  ra p porte urs,Mr Ca c cavale and Mrs Mosi ek Urbahn , for  their report s. But I w o u l d like t o us e  t h is opportunity  to h ighlight t h e diffic ultie s that p eople onl o w or noear ned  in com e s  h ave in the Eu r o pean  U nion an d t he fact  th atcre dit  m ust not b ecome aso ur ce  o f f inanc i al assis ta nce  s imp ly fo r  those  whoarewe ll - off .
Peopl e  w i t hout  s ec urit y o rasset s ha v e g reat di fficultyobt a inin gcr edit. I n Britain man ypeople hav etorely o n consumer  catalogues because tha t  is the  be st wa y th at people  on  low o r n o  earne d inco me ca nobt a i n cre d i t. 
Iwo uld also l i k e t o rai se  the  issueof people who arev ery  mobile and t hei r cr e d it  ra t in g s.In Bri t a in, for reasons  not reall yu nd erstood by mys el f, peop le whomovea  lot do  not have  such a g oo d cr e d itrating aspeople w ho are ve r y sta b le . Thi s i s take nasa mea sure o f  wh ether  peopl eshould  be a ll owed cre dit. I also think thatit isunfai r -  and this  ha s  be en highli ghte d as a pro ble m r ecent ly-  that  peo p le  li v ing a t th e  same add r es s a s so meone witha b adcredi t r a ting a lsohave difficulty g e tting credit.Inde e d , i f y o u we re  to go to a hi ghst r e et and m ak e multipleapplicat io n s for  shopcredit  cardso n  t h e same  day , t hat could  lo we r  your c re di t -worth ines s. 
I thi nk the Comm i s sion must look a t the w ay th a t o rgani za tions m e asur e credit r atings andthe ab ilit y ofconsume rs  to co rre ct  not onlyt heir owncredi t ratin gs , bu t p erhaps  tho s e  of m embe rs  of  the fami l y .I  a ls o  th inkthatth e Co mmissions hould do  wh a tever i tcan t o enco u ra g e  credit un ion s bec a u se these a r e ve r yu seful  for p eopleon lowi nco me s and e nco u r age self- help.
Fin a lly ,
 our_preparations for_taking decisive steps towards_monetary union._I_should like_to_express my respect,_and my gratitude,_to all those involved_at the Commission_and_to the rapporteur, for their evident circumspection and attention to detail.
In view of the_importance_of the_issue,_I_should like to thank Mr_Caccavale in particular, for raising_the question_of an expanded definition of a consumer, i.e._a_consumer in the_sense of a free citizen. In that respect I_am definitely in favour of Amendments_Nos 1 to_5,_and_I support them. Unfortunately,_Mr Caccavale, I cannot say the_same for Amendment No 6; in_this case I believe that your original_version was more precise than what_you are now proposing.
There is_no denying_that I have the impression_that the final_horizontal regulation_of these difficult_matters requires the completion of monetary_union.

Oddy
Mr President, I_would like to congratulate both the_rapporteurs,_Mr Caccavale and_Mrs_MosiekUrbahn,_for their_reports. But I_would_like to_use_this opportunity to highlight the difficulties_that_people on low or no earned incomes_have in the European_Union_and the fact that_credit must not become a_source of financial assistance simply for_those who_are well-off.
People_without security or assets have great difficulty obtaining credit. In Britain_many people have to rely on_consumer catalogues because that_is the_best_way that people_on_low or_no earned income can obtain credit.
I would_also like_to raise the issue of people_who are very mobile_and_their credit ratings. In Britain, for_reasons not really understood by myself,_people who move a lot_do_not_have such a good credit_rating as people who are very_stable. This is_taken as a measure of whether people_should_be allowed credit. I also think_that_it is unfair - and this_has_been_highlighted as a problem recently_- that people living at the_same address as someone with a bad credit rating_also have difficulty_getting credit. Indeed, if you_were_to_go to a high street and make multiple applications for_shop credit_cards on the_same day, that could lower your credit-worthiness.
I think the Commission_must look at the way that organizations_measure credit ratings and the ability of consumers to correct not_only their own credit ratings, but perhaps those_of members of the family. I also_think that the Commission_should_do whatever it can to encourage credit_unions_because_these_are very useful_for people on_low incomes and_encourage self-help.
Finally,