Hospitals both public and private will have the same late payment terms under the Internal Market Committee's report. MEPs voted on a report that amends the Commission directive which protects small businesses. While toughening up the terms for public aut

Coughing up the cash

https://api.multimedia.europarl.europa.eu/documents/20125/14970155/N001-100429-002-EN.srt

Working 9-5 and getting paid   up to 6 weeks later

Public authorities can take between   160-1000 days to pay their contractors.

to oblige public authorities   to pay in 30 days, and businesses in 60.

On public health MEPs cross political   lines to give equal treatment to hospitals,

I got the support   of the French Conservatives.

So we got a positive result on equal   treatment for public and private hospitals.

This means that both of them   have a payment term of 60 days.

Public authorities, the worst payers,   caused clashes amongst MEPS

As far as the public authorities   are concerned,

the Italian ones have   a bigger problem than anybody else.

The Commission had proposed   a 5% interest rate after the deadline.

MEPs proposed a graded response   of 2% after 30 days,

Late payments cost businesses   €65 billion, so there’s no time to lose.

However, they’ll have to wait   for the vote in June.

If it's approved, the days are numbered   for the Member States to have their say.