In Europe, government regulations discourage consumer credit. "It's to protect the consumer from himself," says Jacques Zeegers, secretary general to the Belgian Banking Association. As far as Mr. Zeegers is concerned, the government should worry that there is a failure caused by:

Question

Quizplus · Accepted Answer

The statement suggests that the government is concerned about individuals making irrational financial decisions, hence the focus on protecting consumers from themselves.

In Europe, Government Regulations Discourage Consumer Credit