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Disproportionate measure, undermines the neutrality of the means of payment (Il Sole 24 Ore Radiocor Plus) – Milan, December 18 – “The ECB believes that the introduction of a cash back program for electronic payment instruments is disproportionate in light of the possible negative effect that mechanism could have on the cash payment system and how it undermines the objective of a neutral approach towards the different available means of payment. This is what reads in a letter that the ECB’s head of supervision, Yves Mersch, sent to the Minister of Economy and Finance Roberto Gualtieri on December 14, the last day of his mandate at Eurotower. In the letter, Mersch recalls that “in accordance with paragraph 4 of article 127 and paragraph 5 of article 282 of the Treaty on the Functioning of the European Union, recital 19 of Regulation (EC) No. 974/98 and article 2, paragraph 1, second indent, of Council Decision 98/415 / EC28, national authorities must consult the ECB on draft legislative provisions within their competence, including, in particular, those relating to means of payment “. “The ECB would appreciate,” the letter continues, “if the Italian authorities take due consideration of the above conclusions, fulfilling in future their obligation to consult the ECB, if necessary.”
Policeman
(RADIOCOR) 12-18-20 18:13:07 (0587) NEWS, EURO 3 NNNN
