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Europe Daily Bulletin No. 9173

13 April 2006
Contents Publication in full By article 18 / 60
GENERAL NEWS / (eu) eu/competition
Not enough competition in payment cards sector, says Neelie Kroes, warning about future action

Brussels, 12/04/2006 (Agence Europe) - With the aim in mind of creating a real single euro payments area (SEPA) by 2010, Competition Commissioner Neelie Kroes delivered the preliminary results of the inquiry launched a year ago into financial services. These results are not very satisfactory in the area of payment cards. The Commission has accompanied its invitation to take part in a consultation exercise with a clear message that there has to be change. “The payment cards industry in...

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