European businesses currently operate with 30 day, 60 day or more payment terms. They provide the flexibility and choice needed by different businesses to grow, compete, and invest. Long payments terms are not late payments if terms are agreed and followed.
Wholesalers support their business customers by providing them with supply chain financing through longer payment terms. The current rules offer contractual flexibility that is key to how Europe’s retail and wholesale sectors operate efficiently and effectively.
Let’s focus on the problem rather than breaking a system that works for everyone else.