Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-579"
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"en.20101019.23.2-579"2
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"I would like to thank Mrs Weiler for this high quality report and the outcome of the negotiations with the Council, as the first reading agreement includes all the key elements that were put forward by the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament and which were approved in the vote in the Committee on the Internal Market and Consumer Protection.
I am especially pleased to see that private companies and public authorities are now placed on an equal footing. The Commission’s initial proposal contained far more stringent penalties for public authorities, a position which our group felt was unacceptable as, unlike private undertakings, public sector bodies are not focused primarily on profit but rather operate in the general interest.
The fact that the lender is entitled to compensation for recovery expenses also represents real progress since, up to now, many companies, particularly SMEs, have chosen not to reclaim late-payment interest from borrowers for the simple reason that the cost of the relevant procedures outweighed any financial gains.
Finally, the maximum payment period of 30 days set out in the text seems reasonable, given that there is some scope for flexibility, notably for public healthcare bodies, a point that our group deemed particularly important."@en1
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