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Europe Daily Bulletin No. 8059

29 September 2001
Contents Publication in full By article 10 / 52
GENERAL NEWS / (eu) eu/internal market
Internal Market Council gives lukewarm welcome to draft Regulation on cross-border payments

Brussels, 28/09/2001 (Agence Europe) - At the Internal Market Council in Brussels on Thursday, France, Germany, the Netherlands and Finland had reservations about the draft Regulation on cross-border payments unveiled last July, highlighting the danger of the cost of domestic transfers going up. The Internal Market Commissioner, Frits Bolkestein, who was presenting his proposal to the Council for the first time, swept the objection aside, asserting that inter-bank competition would prevent...

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