The main motivation for these policy initiatives would be to deliver the tangible benefits of the common currency for all Europeans. Their support for the euro has increased as EMU has recovered from the crisis, and it now stands at a record high. We need to ensure they are not disappointed.
But the outlook is not all dark shades. Last year the Economist featured an article on the future of payments titled “Payments: the end of monopoly”. The title speaks for itself – banks are losing the grip on payments market. But according to McKinsey 34% of global profits banking industry is making from payments.