Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-400"
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"en.20101020.21.3-400"2
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"The adoption of the Weiler report today marks an important shift in the threshold of the payment dimension in business relations. Currently, it is common practice – and, more worryingly, an accepted practice – for public authorities to pressurise SMEs to sign off agreements allowing the delayed payment of bills.
Malta is a case in point. Numerous SMEs, which account for over 70% of employment in the private sector, have encountered serious cash flow difficulties due to delayed payments from undertakings, especially from public authorities, including the government.
In a number of Member States, the 60 day capping on public authorities will serve as an important protective clause for SMEs and citizens. However, for this provision to be truly effective, there must be correct transposition and implementation of the directive in each Member State coupled with stringent monitoring on the part of the Commission. It is only then that this new rule can be truly translated into tangible benefits for citizens and SMEs in particular."@en1
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