Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-549"
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"en.20101019.23.2-549"2
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"Madam President, Mr Tajani, Mrs Weiler, ladies and gentlemen, I am very pleased and proud to have contributed to the adoption of this directive on behalf of the Committee on Legal Affairs. It is a vital counter-cyclical measure which provides very real support to companies, especially small and medium-sized enterprises (SMEs), by laying down definite payment terms and appropriate penalties to encourage punctual payment by both public authorities and private enterprise in the European Union. If everyone involved paid their debts on time, the European economy would receive a cash injection worth EUR 300 billion.
Our market will not be common and our competition will not be fair until uniform rules are established that apply to everybody. That is the motivation behind the new directive on combating late payment: it forces public authorities to be more efficient and virtuous in their actions and helps the internal market and free competition to develop homogeneously, to the benefit of SMEs.
This House has been able to make a decisive contribution to this successful outcome by overcoming all kinds of pressure and divisions for the sake of the general good of the people and of the European production system."@en1
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