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MLex Comment: EC's MasterCard deal a brief respite while fight goes on in court and against Visa

By Lewis Crofts ( April 3, 2009, 15:44 GMT | Comment) -- The deal between the European Commission and MasterCard on reducing interchange fees may extinguish the threat of hefty non-compliance fines in the short-term but it signals only a partial truce while the all-important fight over the legal principles continues in court. National regulators will face tough calls on how to react to the commission's latest move, and the case against Visa must be resolved in a matter of months if the commission is to keep its word of maintaining a level playing field.The deal between the European Commission and MasterCard on reducing interchange fees may extinguish the threat of hefty non-compliance fines in the short-term but it signals only a partial truce while the all-important fight over the legal principles continues in court. National regulators will face tough calls on how to react to the commission's latest move, and the case against Visa must be resolved in a matter of months if the commission is to keep its word of maintaining a level playing field....

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