Waiting for answer

2009-4-8 | NEWSPAPER EDITION

EUROPEAN Union officials confirmed yesterday they have asked Visa Europe to answer antitrust charges that its fees for cross-border card purchases violate EU rules.

The European Commission said it had sent a so-called statement of objections outlining the problems it has with Visa Europe's multilateral interchange fees.

Euro zone economies see bigger contraction

ECONOMIC activity in the countries using the euro currency shrank by 1.6 percent in the final three months of 2008 compared with the previous quarter, according to new estimates released by the European Union's statistics...