Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-07-06-Speech-3-365"
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"en.20050706.29.3-365"2
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".
The Council refers to its reply to Written Question E-0229/02 . Regulation (EC) No 2560/2001 of the European Parliament and of the Council of 19 December 2001 on cross-border payments in euro has applied since 1 July 2002 so far as electronic payment transactions, cash withdrawals, and card payments are concerned, and since 1 July 2003 to cross-border credit transfers. It provides for charges levied by financial institutions for cross-border transactions between Member States and the euro area to be aligned with the charges levied for similar transactions within the Member State in question. Other Member States may apply the regulation to cross-border payments and credit transactions in their own currencies.
It is recalled that the Commission has exclusive right of initiative in the field of Community regulation referred to by the honourable Member. However, should the Commission decide to send a proposal to that effect, the Council of course would consider it."@en1
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