Such premature withdrawal would not attract any penal charge. •  In order to avoid hardship to the survivor(s) / nominee of a deposit account, banks are advised to obtain appropriate agreement / authorization from the survivor(s) / nominee with regard to the treatment of pipeline flows in the name of the deceased account holder.
Whilst a single monetary policy was put in place in the euro area, responsibility for fiscal policy and other important policy areas such as labour market policy have, for the most part, explicitly remained with the member states.