Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-548"
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"en.20101019.23.2-548"2
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"Madam President, ladies and gentlemen, I would like to thank Mrs Weiler for the excellent work she has done. With this provision, Europe is putting an end to a procedure that has brought a great many small and medium-sized enterprises (SMEs) to their knees. Parliament is taking action to protect SMEs – the most vulnerable businesses and the ones most exposed to the effects of the crisis – from problems of liquidity and access to credit. The current practice of delaying payments is pushing a great many small businesses towards bankruptcy, with adverse effects on employment.
That is why the provision is important: it sets the maximum payment period at 60 days, increases interest on late payments to 8% and outlaws the use of contractual terms that are unfair to the creditor. In other words, it lays down definite time periods, incentives and, most of all, no exceptions. These are measures designed to protect SMEs, stimulate our economic and productive fabric, and boost employment.
It is now the turn of the Member States to take swift and effective steps to implement this directive, which confirms that Europe exists, is useful and can make itself felt."@en1
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