The Atlanticist

Archives for Competition

            March 19, 2019 the EU mandated enhanced disclosure requirements on currency-conversion fees for banks, merchants and ATMs. The landmark pro-consumer reform will take effect in April, 2020 and should reduce the number of consumers fleeced by Dynamic Currency Conversion (DCC). Competition and inadequate disclosure requirements have fueled an explosion… » read more

Posted by Eric Grover

March, 2018 the European Commission proposed requiring better disclosure of credit-card foreign-exchange fees and that charges on intra-EU cross-border euro and domestic non-euro payments be the same. To improve payments markets and further economic integration, the EU has intervened repeatedly. Interventions may be justified and useful where there’s a market structural problem or imperfection harming… » read more

Posted by Eric Grover

Venture capital funds relatively risky businesses with significant upside. It’s expensive capital. When successful however it has an outsized economic impact. Think PayPal, Square, Google, Facebook Amazon, and Uber. EC bureaucrats worry the EU has insufficient venture capital and is therefore disadvantaged relative to the US in creating big, transformational businesses. When Brussels perceives a… » read more

Posted by Eric Grover