LOOSE CHANGE
LOOSE CHANGE
French and German officials are allegedly pressing for rules which will discriminate against banks from non-European Monetary Union (EMU) core countries, once the euro is introduced in 1999, sources say. They argue that banks from outside the EMU core should be deprived of access on equal terms to the future European Union payments system, to be called Target. Under the Franco-German plan, UK banks would have to pay a premium to carry out transactions involving the euro, if the UK opts out of
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