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Europe Daily Bulletin No. 8099

26 November 2001
Contents Publication in full By article 15 / 41
GENERAL NEWS / (eu) eu/internal market council
Council reaches agreement on "crossborder payment" regulation to take effect in July 2002 for electronic payments

Brussels, 26/11/2001 (Agence Europe) - On Monday, the Internal Market Council reached an agreement on the entry into force of the regulation aligning the cost of crossborder payments to that of national payments, in July 2003. The stances expressed brought Germany, the Netherlands and Portugal - that urged for more time to be left to banks for reaching a voluntary commitment - into opposition with the supporters of swifter implementation. The points discussed pertain to:

Voluntary...

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