Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-368-500"
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"en.20110510.60.2-368-500"2
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"−
The most important instrument that the EU has to promote growth in the heat of the financial crisis is its Internal Market. At the moment, EU law is not effectively applied, particularly in the area of civil justice. In fact, the current level of payment of cross-border debts is very low, both with regard to the assets of private individuals and of businesses. This fact in itself discourages cross-border trade by sending a message of impunity to debtors, and damages the economic performance of the EU. In fact, the cost of the cross-border settlement of debts is currently prohibitive for creditors in cases where the debtor has assets in different Member States. This prevents the Internal Market from working properly. European Union measures are essential, in order to put an end to this situation and provide EU citizens with effective recourse should they have a claim against another citizen or company; measures that simplify and accelerate this payment process. Therefore, I voted in favour of this report, in which the European Parliament calls on the Commission to table legislative proposals on measures for the freezing and disclosure of the assets of debtors and alleged debtors in cross-border cases."@en1
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