Transfer costs for euros fall

The cost of making cross-border bank transfers in euros is a tenth of what it was six years ago, the European Commission revealed i a report issued 11 January 2007.

European Commission: Press Release, IP/07/32: Cross-border euro payments now significantly cheaper http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/32&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: DG Internal Market and Services: Payment services: Cross-border payments in euro: the Regulation on equality of charges http://ec.europa.eu/internal_market/payments/crossborder/index_en.htm

---