Brussels, 10/06/2004 (Agence Europe) - Businesses in the southern European Union are as bad payers as ever, despite the entry into force in August 2002 of the "Time Limit for Payment" directive, which calls for interest to be paid in cases of non-payment 30 days after receipt of the invoice.
Businesses are taking up to 93 days to pay their suppliers in Italy, 86 days in Portugal and 81 days in Spain, according to a study carried out by a debt collecting agency based in Stockholm, Intrum...