Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-384"
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"en.20101020.21.3-384"2
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"I voted in favour of this report, as there is a wide disparity in many countries as regards the payment terms to businesses when the state, small and medium-sized enterprises (SMEs), and large companies are involved. We are well aware that in the current economic crisis, and with its increased difficulties, companies are increasingly struggling with liquidity problems, and that in many Member States, they are even exposed to an increased risk of bankruptcy. The directive which attempted to regulate this matter had a limited effect, and the proposal that we have now adopted represents an important step in setting and meeting deadlines for payment, not only in relations between the companies and public bodies, but also in the relationships that companies establish with one another. We will now have legislation that offers us greater effectiveness in meeting payment deadlines, with a clear system of penalties for late payment, and that also represents an effective improvement in counteracting the frequent abuse by the state and large companies of their dominant position over the SMEs. This directive must now be implemented quickly by the Member States, so that the serious problems caused by the establishment of long payment terms and the dragging out of payments are finally resolved."@en1
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