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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La II Cumbre de Morosidad de la PMcM logra un pacto para reducir plazos de pago en España

The II Summit of Morosidad of the PMcM attains a pact to reduce terms of payment in Spain

08/11/2013

8 November 2013

The Multisectorial Platform against the Morosidad (PMcM), celebrated the past 7 November a meeting with a stood out institutional representation in which it has achieved to promote a big political pact-business in intentions and commitments with date to reduce the terms of payment in Spain, in which they have participated the minister of Inland revenue and Public Administrations (Cristóbal Montoro), the general director of the Area of Industry of the European Commission (Daniel Alley) and the secretary of State of Public Administrations (Antonio Beteta), among others.

The minister, that has engaged to that to final of year the public servicys Spaniards will leave to be delinquent, has explained that the laws of commercial debt and of the electronic bill (both, in processing in the Senate) will finish definitively with the public delay of the terms of payment. By his part, the general director of the Area of Industry of the European Commission has wanted emplazar to the PMcM to a meeting in January of the next year to analyse jointly the problematic of the morosidad in our country and look for possible effective solutions. During the course of the act, so much the representatives of Economy of the political groups that configure the Congress of Deputies, as diverse experts in morosidad of the business fields, juridical and economic, realizar an exhaustive analysis of the situation of the morosidad in Spain, a lacra that according to data of the PMcM has caused the closing of a third of the 500.000 companies that have disappeared from the start of the crisis.

Montoro And the president of the PMcM in presses conference
Montoro And the president of the PMcM in presses conference.

The participants in the summit, to which have assisted almost 300 business organisations, autonomous and directors of companies, coincided in that it does necessary take measures that guarantee the fulfillment of the legislation on morosidad. The most striking was the proposal by the president of the PMcM, Antoni Cañete, that pretends to create a penalizing diet to deter those companies that, in spite of the Spanish and European legislations, follow delaying his payments.

“Want to create a similar system to the that exists in the retail trade, in which if it does not pay in legal terms one can be reported and sanctioned”, ensures. In his opinion, “is unacceptable that there are companies that pay to 300 days, as we have ascertained from the PMcM in a recent analysis that realizar of the balances of the no financial sector published by the Cnmv (National Commission of the Stock market)”.

The companies that cotizan in the selective group of the Ibex 35 reduced in 2012 in 13% his half term of payment to providers regarding the previous year, but the half period reached the 178 days, more than the double of the maximum fixed by the law for this year (75 days). From the PMcM, “propose that they normalise the payments between companies with fines ejemplarizantes of until 900.000 euros, through a penalizing diet that apply of progressive way to ensure his total fulfillment of the most effective way”, explains Cañete. In this sense, to proposal of Convergence i Joined (CiU), and with the backrest of the parliamentary groups, in the term of two to three months will realizar a proposal of law to initiate the parliamentary formality of the penalizing diet.

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