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February 14, 2012


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Just in time for the Euro to break up!

Jonathan Sankson

Whilst this is a great step forward, it will not totally remove the need for seperate "in country € bank accounts". Currently you are unable to pay taxes in at least Italy and Spain from anything other than a local in country € bank account. These types of rule would need to change too...

F. T. Klein

Interesting expression: SEPA end date - the date on which SEPA ends....

Jennifer Dillon

"It would not apply to personal credit or debit card payments." This quote is not quite correct. SEPA is tied up with PSD Payment Services Directive. This directive ensures that if a merchant accepts Visa/Mastercard/Maestro/Electron etc. in their own SEPA Country they HAVE to accept any of the above cards issued in any other SEPA region. The two laws are intertwined. The banks must ensure that the merchants have the proper equipment to process these transactions.

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