Had the proposed legislation been in effect at that time and had banks been using a robust electronic infrastructure for check collection, banks would have been able to collect many more checks by transmitting electronic check information across the country and presenting substitute checks to paying banks.
I don’t expect and no one is expecting that a brexit will mean that there would be no trade between the two parts. That won’t happen. There will not be a total disappearance of trade. Mr Constancio, you are in this position since 2010. So, you experienced the hardest times of the Eurozone. What was your personal most difficult moment?