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A short essay on cross-border payment and settlement in the EU

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Seminar paper from the year 2004 in the subject Business economics - Miscellaneous, grade: 1,0, University of Hamburg, course: European and International Financial Markets, language: English, abstract: According to Art. 56 of the Treaty of the European Communities (EC Treaty) the Common European Market enjoys since its establishment in the year 1993 free movement of capital. Since 1999 the monetary union between 12 EU-states is in operation, since 2002 the euro exists as money.

This essay ex...