Karl Schiller coined the term Frankfurt Areopagus - a term which has often been quoted since. The fact that this sometimes carries a slightly mocking undertone does not bother me too much, either. This collective responsibility, subject only to the legal mandate, and the Central Bank Council’s concept of its own role as a specialist parliament are crucial preconditions of the Bank’s independence.
They can pay their bills at any time of the day, from the comfort of their home, by scanning the QR code with their mobile banking applications. They can also make instant transfers of money at any time of the day, all year round, knowing only the mobile phone number registered by the payee for that service.