Thus, others were tempted to debate the merits of launching a government programme to boost national cocoa consumption. Correlation does not imply causation. Intuition is not always based in fact. Confusing correlation with causation is amusing – but it is also disturbingly similar to what we are seeing in current political debates.
In this regard, the Eurosystem has been pushing forward with TARGET2-Securities (T2S), a single pan-European IT platform for securities settlement. At the same time, the Bank of Japan is working to revamp the Bank of Japan Financial Network System (BOJ-NET) to enhance the system’s flexibility and accessibility.