Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-390"
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"en.20101020.21.3-390"2
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"In an unstable economic climate, late payments can have an extremely adverse impact on small and medium-sized enterprises which need money to pay their employees and suppliers. The new regulations on late payments in commercial transactions, which Parliament and the Council agreed on, on 5Â October, should facilitate and speed up the process for companies to recover the money they are due. It is small and medium-sized enterprises which keep the economy going, even during a crisis. This is the case in every European economy. The European Parliament has ensured that all parties will be on an equal footing and that the rules will apply to all, which will benefit many European SMEs.
Thanks to this agreement, SMEs will stop operating as banks for public enterprises or large companies. Along with the European Parliament’s recommendation for SMEs to be charged VAT only after invoices have been paid, setting a definite deadline for paying invoices will help those who are worried about their survival at a time when markets are in decline."@en1
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