"Fees must be set atcommercially viable levels"

In March, the European Commission has decided to open formal antitrust proceedings against Visa Europe. What effect on the discussions with the Commission do you expect from Visa's "manifesto for Europe"?

We received notice of the investigation in March 2008, as we expected we would at some point following the end of our exemption. On announcing the investigation, the Commission emphasised that it had no evidence against Visa Europe and that it had opened the inquiry on its own …