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The European Commission will allow banks to temporarily charge more for certain financial transactions to encourage them to invest in a smooth transition to the Single Euro Payments Area (SEPA), the platform aimed at making cross-border payments as easy as domestic ones.
The announcement by the Commission on Wednesday evening (23 July) came as a blow to German trade unions and to the Land of Lower Saxony but it could give the luxury carmaker a helping hand in meeting the stringent new emissions targets planned by the EU.
The liberalisation of the European Telecoms in 1998 marked a milestone for the sector and anticipated the opening up of markets worldwide. (read more)