6 But he was persuaded, from the analytical perhaps even more than from the political standpoint, that “the EMS is not enough”, and that the full implementation of the programme set out in the Single European Act would give rise to an “inconsistent quartet” in an area characterized by free trade, full capital mobility, fixed (or managed) exchange rates and national monetary policies.
Aside from targeting a wider market of savers, we also wish to help those who have started the habit of saving to sustain it until they graduate and start working. Before the MOA amendment, Kiddie deposit accounts reverted to regular accounts once the depositor reached the age of 13 years.