Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-418"
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"en.20101020.21.3-418"2
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"This report has made a significant contribution to resolving the problem of late payments in commercial transactions between companies or between companies and public entities. The initiative is aiming for greater liquidity among the European Union’s companies through harmonisation. The struggle against late payments is particularly welcome in the current period of crisis, since long delays have negative repercussions on companies’ activities. The measure aims to contribute to the smooth operation of the internal market by urgently reforming the deadline required and the penalties to apply where it is not respected.
In this context, I welcome the legislative proposal, whose stipulation of a general deadline of 30 days for paying for transactions between companies and between companies and public entities – with the latter able to benefit from 60 days in exceptional cases – garnered widespread support in the Group of the European People’s Party (Christian Democrats), of which I am a member.
I also view positively the establishment of an interest rate to be applied, where payment is late, based on the European Central Bank’s reference rate plus 8%. In my opinion, this measure equates to a strong boost for the economic activity of small and medium-sized enterprises, which often see their economic performance seriously damaged because of bureaucratic obstacles."@en1
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