Exchange of views with Michel Barnier, EP Committee on Economic and Monetary Affairs
Deadlines for paying bills in the business world should be laid down by law for both the private and public sectors, believed the EP Internal Market Committee, which last Wednesday approved amendments to a planned EU directive designed to tackle the problem of late payments. On 04/05/2010, in the exchange of views between Michel Barnier, Member of the EC in charge of Internal Market and Services, and EP Committee on Economic and Monetary Affairs, the MEP's underlined that the cash-flow problems faced by small firms were biting harder than ever in the current crisis, and could even tip companies into bankruptcy. This recast version of an existing directive on combating late payments aimed to give more protection to businesses and the jobs they create.
Michel Barnier discussed the priorities for financial services for the coming year. He proposed a more effective supervision and European financial sector, a better regulation of financial markets and financial players, a solidification of banks, an establishing of a framework for preventing and managing crises in Europe, and a revision of corporate governance. SHOTLISTVIDEO PARLIAMENTLINKSHOTLIST