EPRS Admin By / October 3, 2014

Estimated CoNE from lack of convergence in the single market for consumer credit

Source: EC (2009) and ICF GHK calculations

Estimated CoNE from lack of convergence in the single market for consumer credit

Assuming that all outstanding
consumer credit is loaned on credit cards and that, for illustrative purposes, the
consumer only pays interest on the total credit amount outstanding per annum
(i.e. consumers do not repay the loan amount), then the cost of credit is calculated for
each of the 14 Member States for which data is available. The difference between the
cost of credit in each Member State and the EU average costs of credit (calculated as
15.8% typical AER for the 14 Member State) is then estimated.

Categories:
EPRS Admin

European Parliamentary Research Service
Related Articles

Regulating nature restoration in the EU – answering citizens’ concerns

New economic governance rules [EU Legislation in Progress]

Latest on Russia’s war on Ukraine [What Think Tanks are thinking]

The G7 and Global Food Security

Digital labelling of EU fertilising products [EU Legislation in Progress]

Be the first to write a comment.

Leave a Reply

Download the EPRS App

In focus

We write about

Social Media

Blogroll

Disclaimer and Copyright statement

The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.
For a comprehensive description of our cookie and data protection policies, please visit Terms and Conditions page.
Copyright © European Union, 2014-2023. All rights reserved.