About: cross-border charges

Protectionism on services costing the EU 2.6% of GDP, says MEP

Implementing the Services Directive could rise economic output by some 2.6% in five to 10 years, MEP Anna Maria Corazza Bildt told EURACTIV ahead of an EU leaders meeting in Brussels dedicated to growth.

EU to end double taxation for venture capital

The EU plans to boost cross-border venture capital investment by preventing double taxation for funds working in more than one European country.

MEPs back cheaper international mobile fees

A key committee in the Parliament backed a proposal, on 12 April, to slash costs for mobile phone customers using their handsets in other EU countries and to make the cheaper rates apply automatically to all users.

McCreevy wants costs of crossborder securities trading cut

Internal Market Commissioner Charlie McCreevy has given the Financial Services Industry six months (until mid-March 2006) to cut the costs of trading securities between EU countries.

Brief – Fazio denies protectionism in Italian banking sector

Antonio Fazio, the governor of the Italian central bank, has denied that Italy is operating an "anti-foreigners" policy regarding banking mergers.

McCreevy to act on mortgages

Internal Market Commissioner McCreevy has announced that he will be pushing for an integrated cross-border market for mortgages, but not necessarily via legislation.

Less costs for cash withdrawals abroard from 1 July

From 1 July 2002, the cost of euro cash withdrawals in other Member States should be the same as in the home Member State as the Regulation on cross-border payments in euros enters into force.

Regulation on bank charges for cross border euro payments adopted

The European Parliament on 13 December adopted, without amendments, the Regulation that states that charges for transactions in euros within the EU should be the same across borders as within a single Member State.

Heavy fines for German bank cartel

The European Commission decided to fine five German banks a total of 100,8 million euro for allegedly fixing the charges for the exchange of euro-zone currencies.

EP agrees with Commission on euro cross border payments

The Parliament voted that charges for transactions in euros within the EU should be the same across borders as within a single Member State. The Commission agrees with the Parliament's three amendments.

Study confirms high charges for cross border payments

According to a new study conducted for the Commission, banks and credit institutions in the EU still charge excessive fees for cross-border credit transfers within the EU. The European Banking Federation says that its research shows results contrary to those of the Commission.