Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-389"
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"en.20101020.21.3-389"2
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"At last, we have got here, after months of postponement: we have voted on the report that is a real breath of fresh air for the future of our companies. Late payments represent a phenomenon which, especially in Italy, has brought tens of thousands of companies to their knees, costing the Italian economic system in the region of EUR 30 billion, according to calculations by professional associations. Leaving aside specific considerations and national situations, I am voting in favour of the report, which sets out black and white rules once and for all for both public and private operators. The economic crisis has already caused dramatic numbers of bankruptcies and closures of plants, companies and the cessation of business activities. Through this measure, Europe can really give a hand to many small businesses that are permanently strangled by bank loans due to the crisis and may already be sailing through stormy waters due to unpaid receivables that are late in arriving. When this directive is applied, at least we will avoid many cases where companies are forced out of business due to debt caused by other public or private operators."@en1
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