Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-566"

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	"fi"^^xsd:language2
lpv:document identification number	"en.20101019.23.2-566"2
lpv:hasSubsequent	lp_eu:2010-10-19-Speech-2-5672
lpv:speaker	lp:Sari Essayah2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 member; Delegation for relations with Israel (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 unknown; Suomen kristillisdemokraatit (2009-07-14--2014-06-30)3 member; EMPL (2009-07-16--2012-01-18)3 member; EPP (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3
lpv:translated text	"Madam President, Commissioner, small companies frequently suffer from financial difficulties owing to late payment, and in the present economic situation, delayed payments can even mean bankruptcy for suppliers of goods and services, due to poor liquidity. An agreement has now been made with the Council to update the Late Payments Directive, which would set a general deadline of 30 days for payments between businesses and public corporations. In my view, however, it is also important to recognise a general freedom of contract in business transactions between enterprises, and that is why I think that it is a good idea if payment periods in business transactions between companies can also be extended to 60 days, if that is the view of both parties. The prospect of extending payment periods for public authorities is a more limited one, and late payment in public administration, in particular, has become a huge problem in some EU countries. In Greece, for example, the average payment period has had to be stretched to as much as 165 days (although things are getting better, as our Greek fellow Member pointed out here). In Spain, it is 138 days, and in Italy 128. Late payment has meant that finance companies have come to benefit, because businesses have been forced to sell their accounts receivable to speed up their revenue cycle. These financial services cost money, and we need to point out that companies have a basic right to receive the money owed to them without having to pay any middlemen and incurring additional costs. The agreed interest for late payment, the reference rate plus 8%, is acceptable, but the EUR 40 minimum recovery charge might become seen as excessive for small and, for example, repeat deliveries. We have to remember that arrears charges must be reasonable, which is to say, tied to the reasonable costs that the creditor has actually incurred. Despite these marginal comments, the Late Payments Directive will certainly be of most benefit mainly to small and medium­sized enterprises."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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