Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-361-937"
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"en.20110510.60.2-361-937"2
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"Late payments and unpaid debts harm businesses and consumers alike. Even when the courts have delivered a judgment, in practice it is often difficult for creditors to recover debts if no information is available on the whereabouts of the debtor and his assets. It is even more difficult when the debtor is domiciled in another Member State. At present the number of cross-border debts successfully recovered is particularly low, and the cost of cross-border debt recovery can be prohibitive and can deter parties from engaging in legal proceedings. The time has come to simplify and speed up the recovery procedure. In order to improve debt recovery within the European Union and thereby protect consumers more effectively and encourage trade between Member States, the Commission must propose new legislation on the freezing and transparency of debtors’ assets."@en1
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