Treasury Today Country Profiles in association with Citi
Treasury Today July/August 2001 magazine Buy print copy button

July/August 2001

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Message from the MD

Why are the banks so reluctant to deliver what we all need?

We are about to see the introduction of Euro notes and coins. We have another article on this important subject in this month’s newsletter. This means that we will be able to use the same currency in twelve European countries. We can already use our credit cards to pay for goods in these countries (unaware of the charges levied by the card companies for this privilege). But can we make a payment across these same country boundaries cheaply and efficiently? No.

Why is this? Could it be that the banks have something to protect?

Richard Parkinson