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Image header Agence Europe
Europe Daily Bulletin No. 8018
GENERAL NEWS / (eu) eu/competition/euro

Commission closes procedures against several banks

Brussels, 31/07/2001 (Agence Europe) - The Commission put an end to infringement procedures against the Finnish, Belgian, Irish, Dutch and Portuguese banks accused of having, by common agreement, maintained at a certain level the conversion tariffs for Euro zone currency notes in order to compensate the losses caused by the introduction of the single currency. In fact, the banks in question decided to set their tariffs independently from each other and to provide cheaper and more competitive...

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