The European Council on March 4 adopted a regulation on aligning the cost of cross-border euro payments between countries both inside and outside the Eurozone and also moved to increase the transparency of charges related to EU-wide foreign exchange conversion services.

According to the Council, the reform aims to align charges for cross-border euro payments for services such as credit transfers, card payments or cash withdrawals.

This measure will extend the benefits of cheap cross-border...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now