Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-419"
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"en.20101020.21.3-419"2
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"Mr President, ladies and gentlemen, we have just voted on the revised directive on combating late payments in commercial transactions. I have thrown the full weight of my support behind this agreement. Excessively long payment periods and, indeed, late payments, are a threat to healthy company management, they affect competitiveness and profitability and could ultimately jeopardise the company’s continued existence. As the current directive does not appear to be effective enough in discouraging late payments, I also support the strengthening of the existing rules. As far as maximum payment periods are concerned, we will be putting in place additional guarantees for companies because, in principle, payments have to be made within 30 days. This is of particular importance for payments between companies and government bodies. After all, from now on, Member States and governments will themselves have to lead by example. This is a question of credibility, that is, a question of European institutions in future being required to comply with the same legal deadlines as everybody else. The fact that the directive clearly stipulates that any contractual deviation from standard payment terms will only be possible for objective and fair reasons will be an important factor in its enforcement. To conclude, I hope that the fixed compensation in respect of recovery costs will force late payers onto the straight and narrow path and, better still, keep them there. That would be good for our companies and good for jobs."@en1
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