Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-570"
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"en.20101019.23.2-570"2
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"Madam President, in many Member States today, there is a wide disparity as regards the payment terms to businesses, especially when the state, small and medium-sized enterprises, and large companies are involved. Those of us who come from business know that in the current economic crisis, and with the growing difficulties in financing, companies are increasingly struggling with liquidity problems, and that in many Member States, they are even exposed to an increased risk of bankruptcy.
It seems clear that the existing directive, which attempted to regulate this matter, had a limited effect, and the proposal that we are analysing now represents an important step in meeting the deadlines for payment, not only in relations between the companies and public bodies, but also – and this is crucial – in the relationships that companies establish with one another. We now have legislation that offers us greater added value, with a clear system of penalties for late payment, and that also represents an effective improvement in counteracting abuse by the state and large companies of their dominant position."@en1
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