I am reminded of the case of a bank which started installing Cash Dispensing Machines a few years ago, based on some experiences of the West. Today, we have observed that Automated Teller Machines (ATMs) with multi-functional and regional language capabilities are being construed as the optimal fit for cash based and other related transactions of customers.
As we know now, the existing regulatory framework for monetary union, the “rules” of the European economic and monetary union, did not prevent these undesirable developments – the fiscal framework was not implemented consistently, and was watered down, and the macroeconomic imbalances in individual member states, which are reflected  BIS central bankers’ speeches  1  in the high level of private sector debt, were not treated with due attention or were completely ignored.