Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-550"
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"en.20101019.23.2-550"2
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"Commissioner, fellow Members, I am pleased that, today, we can sum up the discussion which we have been having in recent months. Everyone involved in the work on the directive knows that reaching agreement was not easy, although all of the parties were aware of the importance of the problem.
I think the measures we are going to vote on tomorrow are good news for businesses and, in particular, for small and medium-sized enterprises, which are going to be able to have their invoices paid more promptly. The scale of the problem of late payment is not the same in every Member State. However, we should not forget that businesses operate in the common European market and often conduct their activities in different Member States. Business operators should have a guarantee that their invoices will be paid on time irrespective of whether it is Poland, Spain, France or Malta.
Ladies and gentlemen, I was asked by a journalist, today, if the directive has teeth and what principal instruments it has which will change behaviour in the market. Well, in my opinion, its teeth are to be found in the maximum and non-extendible 60-day settlement period for public authorities. It is extremely important that information about the directive’s main instruments reaches business operators. They have to know that they are entitled to compensation for the costs of recovering due amounts, that payment deadlines have been shortened and that contractual provisions which rule out interest on late settlements, rule out compensation or contain unjustified extended settlement deadlines are, quite simply, dishonest. Only then will businesses make use of the directive’s provisions and demand respect for settlement deadlines and other rights to which they are entitled. For payment delays should be the exception and not the rule. In my opinion, the directive is a strong signal from the European institutions that this is precisely how things should be. I would like to thank everyone for their cooperation and attention."@en1
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