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Image header Agence Europe
Europe Daily Bulletin No. 9362
GENERAL NEWS / (eu) eu/financial services

Discussions at Council on directive on payment services move into crucial stage

Brussels, 08/02/2007 (Agence Europe) - The German Presidency has put on a spurt in the Council to reach a rapid agreement on the draft directive on payment services (see EUROPE 9080). With three weekly expert group meetings and a meeting of the inter-institutional trilogue this Friday, it is hoping for an agreement at the March Ecofin Council. But differences remain considerable: there is a stand off between two sides on what is required in terms of capital for payment companies. Time is...

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