Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-564"
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"en.20101019.23.2-564"2
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"Madam President, ladies and gentlemen, I personally agree with the need to strengthen Directive 2000/35/EC and to identify the instruments needed to put an end to, or at least significantly reduce, late payment in commercial transactions.
The economic and political consequences of late payment on national markets and especially the European market are obvious to everyone. The ongoing economic recession has worsened the situation, damaging competitiveness and profitability even further and posing a serious threat to the survival of small and medium-sized enterprises (SMEs), which form an essential part of the European market, create wealth and play a decisive role in creating jobs.
This political choice by the European Commission is a step in the right direction, the same one that Mr Monti referred to in his report when he spoke of the need to intervene to make the business climate more favourable for SMEs. As for whether the public authorities will comply promptly or whether the 8% interest rate will act as a deterrent, I cannot hide the fact that I am somewhat doubtful as to the outcome, when I think of certain regions in my own country and other Member States that will really struggle to comply with the new rules.
I hope that this new approach can be a real opportunity for change. Now it is important to monitor the transposition of the directive into the various internal legal systems, with the involvement of regional and local authorities, to ensure that it is carried out uniformly everywhere."@en1
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