Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-403"

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"en.20101020.21.3-403"2
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"I voted in favour of Mrs Weiler’s report because I believe it is essential to safeguard the creditors of public administrations, which largely consist of small and medium-sized enterprises. This measure will allow approximately EUR 180 billion of liquid funds to be put back into circulation: this is the amount of the overall debt owed by public administrations to businesses throughout the EU. This is a truly important step because enterprises will be granted the automatic right to demand the payment of overdue interest and also obtain a fixed minimum amount of EUR 40 as compensation for the costs of recovering the debt. Enterprises will also, in any case, be able to demand reimbursement of all reasonable costs incurred for this purpose. I believe that this initiative will serve as a spur to Member States to draw up prompt payment codes. They may, in fact, maintain or introduce laws and regulations containing provisions that are more favourable to creditors than those established by the directive."@en1

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