Cash transfer move falters in Europe

EUROPE - The European Commission's 12-year attempt to reduce charges for cross-border money transfers in Europe is in danger of collapsing because of last-minute opposition from several European Union members and fierce lobbying by banks.

At least six of the EU's 15 member states, led by Germany, have expressed reservations over the proposals, which were expected to be approved at a council of ministers next Monday - the last chance to meet the commission's January deadline.

Their opposition

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