An Economic Analysis of the EU Commission`s Proposal for a New Consumer Credit Directive – Offering Consumers More Protection or Restricting their Options?

The debate on ratifi cation or revision of the proposed new Consumer Credit Directive continues. The European Parliament neither rejected nor approved the Commission’s proposal at the plenary session on November 5, 2003. While the Commission insists on defending the merits of the proposal, the LAC Rapporteur Würmeling calls for a complete modification. This article is intended to serve as a navigation guide past the holes and obstacles on the winding ratifi cation path.

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