Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-557"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-10-19"^^xsd:date2
dcterms:Is Part Of	lp_eu:Combating late payment in commercial transactions (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20101019.23.2-557"2
lpv:hasSubsequent	lp_eu:2010-10-19-Speech-2-5582
lpv:speaker	lp:Alan Kelly2
lpv:spoken text	"Madam President, I would like to thank the Commissioner for his excellent comments earlier on. This is excellent legislation, and I would like, in particular, to compliment my colleague, Barbara Weiler, on the manner in which she brought this through. It is absolutely fantastic work and an example of the type of good legislation that we can bring through. It will provide a better flow of money around our economies and therefore is good for business, small businesses and society in general. More importantly, it will help us with the big issue facing us all at the moment, which is the provision of jobs. This directive will provide clear strong principles that can be communicated in markets and Member States to the effect that late payments will no longer be tolerated. This should create greater liquidity. Companies getting paid promptly are more likely to be able to avail themselves of credit, grow their businesses and generate and create employment. Furthermore, I know from recent insolvency court cases in my own country, Ireland, and particularly in the construction sector, that the many late payments end up becoming bad debts and bring companies to their knees. That has been the case for a company very close to me, and mass redundancies have resulted from this. I also welcome the provision on positive naming. I think this is a good idea. It rewards good practice and creates incentives. Let us not forget farmers. Farmers have been suffering from failure to receive payments in time from processors and supermarkets. The multiples have been winning. Hopefully, these laws will give them a stronger negotiating position so that this vulnerable group in the food chain can also be better protected."@en1
lpv:spokenAs	member; S&D (2009-07-14--2011-02-24)3 member; Delegation for relations with the United States (2009-09-16--2011-02-24)3 substitute; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2011-02-24)3 substitute; PETI (2009-10-15--2011-02-24)3 unknown; Labour Party (2009-07-14--2011-02-24)3 substitute; AGRI (2009-07-16--2011-02-24)3 member; IMCO (2009-07-16--2011-02-24)3
lpv:unclassifiedMetadata	"Alan Kelly (S&D )."1
lpv:videoURI	<go to Events_and_structure europarl>2

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