As such, the fact that human beings were able to create a chain of trust among many others, including among those with no personal acquaintance, was the key to the development of an economic society. This shows how important “trust” is for the payment system and the economy.
Preferences are not as aligned across countries and it would not be possible to have such a complete delegation of powers. But I am confident that a European institution could help on two fronts. Making it easier to agree on the aims of structural reforms by aligning best practice. And making it easier to implement them by using European law to bypass vested interests.