Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-571"

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"en.20101019.23.2-571"2
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"The legal environment in the Member States in the area of debt recovery varies. Experience with the promptness of payment for goods or services supplied therefore also varies in the Member States. However, we have one thing in common – late payments create enormous problems for small and medium-sized enterprises. In my own country, there are two groups of investors who quite often fail to comply with deadlines for paying invoices. The first group comprises public bodies at various levels, from local authorities to municipal authorities and regional bodies, all the way up to the state. The second group are the large foreign contractors who often get small sub-contractors into impossible situations, particularly in the construction and agricultural sectors. Small firms usually do not have the sort of financial reserves that would allow them to pay their employees for several months without receiving payment for work carried out. Let us all hope, therefore, that the new directive will bring the expected improvements, and that the deliberate holding back of funds will become a thing of the past in the European Union."@en1
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