Earlier quoted context omitted.
> The EU had such a good deal with the US. There are regulations. Both Visa and Mastercard were happy with those and made quite a lot of money from their business in the EU. They absorbed and merged with local alternatives and competitors. It’s a bit rich to complain after the game has been going on for a while that the rules are as they are: they’ve always been that way and if they were not happy, they could just ha…
I'm not complaining about Visa or Mastercard fees in the US. I am pointing out the absurdity of the original European claim that such fees are "protection money" to the US, when the EU is getting a sweetheart deal relative to the US. It's typical disingenuous European rhetoric.
I know it's difficult for you to comprehend, but Governments are supposed to act in the interest of the general population of their country, not for companies and the 1%.
And that includes making sure that markets are working and regulating (near) monopolies