Originally Posted by
biggestbopper
IMHO, the EU take is more correct than the oligopoly empowering approach on display in the US.
First, in many EU lands the cost of taking credit cards is already zero or close to it (e.g., France).
Do you have any sources to back this claim up? The EU Commission is introducing the legislation exactly because they deem the costs way to high and want to slash it by more than 90%.
This is great news to Visa and MC - it assures them that noone will be able to attack their market share with lower fees or special perks.