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Europe Daily Bulletin No. 7649

5 February 2000
Contents Publication in full By article 13 / 45
GENERAL NEWS / (eu) eu/financial services
European Commission calls on banks to cut the cost of cross-border payments for small amounts

Brussels, 04/02/2000 (Agence Europe) - The move to the euro did not go hand in hand with the advent of an "area of single payment" in the European Union. Transferring money from one EU State t another is expensive and takes time. More than internal payments within a country, especially if it is a question of small amounts. For five years now, costs invoiced for cross-border payments have dropped but they still vary, for a payment of 100 euro, between 5 and 20 euro, whereas a national payment...

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