Key Dates
| 1957 | Treaty of Rome creates the European Community |
|---|---|
| 1992 | Maastricht Treaty creates the euro |
| 1999 | Introduction of the euro as an electronic currency, including introduction of the RTGS system TARGET for large-value transfers |
| 2000 | Lisbon Strategy: Meeting creates European Financial Services Action Plan |
| 2001 | EC Regulation 2560/2001 harmonises fees for cross-border and domestic euro transactions |
| 2002 | Introduction of Euro banknotes and coins |
| 2003 | First pan-European ACH (PE-ACH) goes live; EC Regulation 2560/2001 comes into force for transactions up to €12,500. |
| 2006 | EC Regulation 2560 cap increases Euro transactions up to €50,000. |
| 2008 | SEPA pan-European payment instruments become operational (parallel to domestic instruments) on 28 January. |
| 2009 | Payment Services Directive (PSD) enacted in national laws by November |
| 2010 | SEPA payments become dominant form of electronic payments |
| 2011 | SEPA payments replace national payments in the Eurozone |
Read more about this topic: Single Euro Payments Area
Famous quotes containing the words key and/or dates:
“I cannot tell what I am as much afraid of, as a woman who invariably washes on Monday. It is a kind of key to character; and if her mouth is not puckered and her brow wrinkled, they will be, unless she repents.”
—Jane Grey Swisshelm (1815–1884)
“We do NOT know the past in chronological sequence. It may be convenient to lay it out anesthetized on the table with dates pasted on here and there, but what we know we know by ripples and spirals eddying out from us and from our own time.”
—Ezra Pound (1885–1972)
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