This burden has been held down in recent years by falling interest rates and a shift toward longer maturity mortgage debt. Nonetheless, even in good economic times it is prudent for households to be prepared for a range of outcomes, not just the most optimistic ones.
The European Commission has set up a special working group consisting of – inter alia – the EPC, Eurosystem representatives and the Commission to tackle the issue of cross-border transport of cash on the road. No Single Euro Cash Area will exist without having solved this issue.