Banks forced to cut euro transfer costs

Author (Person)
Series Title
Series Details 27.11.01, p12
Publication Date 27/11/2001
Content Type

The European Union agreed new rules on 26 November 2001 to force banks to reduce the cost of cross-border transfers in euros to the same level as domestic transactions by 1 July 2003, after defeating opposition from a number of Member States led by Germany.

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