We should avoid entertaining the illusion that competences have been effectively transferred to the European level, even if this may be de jure the case, when they are still largely de facto controlled at the national level. This risks creating confusion among citizens who are legitimately asking for effective policies that address their needs.
We are taking a forward-looking, system-wide approach to advancing these objectives, including monitoring, reviewing, reporting on, analysing and supporting change to the money and cash system.