The financial crisis and irresponsible lending have caused an increase in defaults and foreclosures as borrowers have found their loans increasingly unaffordable.The focus of this proposal is to ensure that all consumers purchasing a property or taking out a loan secured by their home are adequately protected against the risks. The opinion is of particular interest for financial professions involved in mortgage credit activities as well as citizens facing such kind of operation.
The EESC is strongly of the view that agriculture is an extremely important sector for the economic, social and regional development of the partnership countries. Meeting the objectives set will require favourable agricultural development. Investing in agriculture and developing the sector are also key conditions for reducing poverty in rural areas.
Download — EESC Opinion: The Eastern Partnership and the eastern dimension of EU policies, with emphasis on agriculture
The EESC calls for financial education to become a compulsory subject on the school curriculum, and this education should be followed up in training and retraining programmes for workers. As a subject, financial education should encourage responsible saving and promote socially responsible financial products.
Download — EESC opinion: Financial education and responsible consumption of financial products
