Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-555"
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"en.20101019.23.2-555"2
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"Madam President, ladies and gentlemen, in view of the chains of debts which also affect and shackle the economy of Hungary, we should definitely welcome a regulation that facilitates the reinforcement of a stronger payment discipline and the predictability of financial processes, thereby contributing to an improvement in the situation of financial operators. On the one hand, the tabled amendments make the original proposal clearer, which is an improvement, and, on the other, as opposed to the original objectives, they weaken the dissuasive forces seen in the original proposal, especially on the part of the authorities. Derogation from the 30 days is particularly not allowed in the case of public authorities. We must apply a background regulation which makes this deadline possible. As regards sanctions, enterprises and authorities must be treated equally. The fundamental objective is the recovery of the economy and prompt payment in order to facilitate the financial stability of small and medium-sized enterprises. No provisions have been made to facilitate this in the proposal.
Abusing their significant market share and dominance, large multinational companies force their domestic partners into contracts stipulating 90 or 120 day payment terms, with possible notional sanctions if missed. However, the vulnerable supplier does not dare enforce the sanctions even when clearly supported by the law, for fear of losing orders. In order to avoid this, we should have statutory regulations in every case, stipulating mandatory late payment penalty charges, with fines to be imposed even on the creditor when such penalties are not charged. Thank you very much for your attention."@en1
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