Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-413"
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"en.20101020.21.3-413"2
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"I would like to congratulate Mrs Weiler on her outstanding work. The European Parliament has given the green light to new laws to limit late payment by public authorities to their suppliers, the majority of which are small and medium-sized enterprises. Parliament has provided that public authorities must be bound to pay for services or goods acquired within 30 days. If they do not do this, they must pay interest on late payment at a rate of 8%.
The principle of paying for work on time is a fundamental principle of correct behaviour but is also of crucial importance in determining the solidity of an enterprise, its available funds and its access to credit and finance. This new directive, which will now be implemented in national legal systems within 24 months of its adoption, will therefore benefit the entire European economy."@en1
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