Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-562"
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"en.20101019.23.2-562"2
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"Madam President, Mr Tajani, Mrs Weiler, the directive on combating late payment in commercial transactions is a powerful and important act of this House, which has become the spokesman for the just requests of Europe’s small and medium-sized enterprises (SMEs), which have been suffering from late payment of their invoices for years. This is a very serious problem, which has hindered companies’ development and, in some cases, has bankrupted healthy firms, which were already under pressure from the high interest rates charged by the banks.
Under the agreement reached on 13 September between Parliament and the Council, companies can now rely on definite deadlines by which they can expect their invoices to be paid, and these deadlines will have to be met by both public authorities and the private sector. The proposed directive will certainly improve cash flow for Europe’s companies, which thus have an important legal instrument with which they can fully and effectively exercise their rights. I would not like to see this benefit for SMEs have an impact on purchase prices.
I hope the Member States will know how to react to the strong message being sent out by the European Union at this time of particular economic downturn by speeding up the transposition of the European directive into their national legislations."@en1
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