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Image header Agence Europe
Europe Daily Bulletin No. 9342
Contents Publication in full By article 27 / 30
GENERAL NEWS / (eu) eu/financial services

European legislation brings about strong fall in cost of cross-border payments in euro

Brussels, 11/01/2007 (Agence Europe) - In 2001, the transfer of €100 to another Member State of the eurozone cost €23.6 on average. Today, the same transaction costs only €2.46 on average. This was the conclusion reached by the recent European Commission report on implementation of Regulation (EC) No 2560/2001 on cross-border payments in euro (see EUROPE 8244). The Commission considers that application of the regulation will give EU consumers a guarantee that, when they make a payment...

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