Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-388"

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"en.20101020.21.3-388"2
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"With the adoption of the new directive against late payments, a measure that represents tangible support to companies, and particularly small and medium-sized enterprises, the European Parliament is making a decisive contribution for the benefit of citizens and the European production system. The recast directive in fact lays down categorical payment terms and appropriate penalties to encourage prompt payments within the Union by both public authorities and private companies. According to estimates, this measure should put back approximately EUR 180 billion into circulation in the economy: this is the actual sum owed by public authorities to the enterprise system in the Union. The late payment problem is particularly keenly felt in Italy, where public authorities take 128 days on average to make payments as opposed to a European average of 67 days. The negative effects of late payments in commercial transactions are therefore considerable. I hope that this directive is implemented as quickly as possible by national governments in order to remove one of the greatest obstacles to development in the European internal market."@en1

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