National solutions on their own don’t have the necessary weight to achieve sufficient scale and network effects. What a future-oriented European payment system needs most of all are efficient, future-oriented, panEuropean market initiatives. The Eurosystem would welcome such initiatives and would likely support them, within the limits of its mandate.
A European payment system which has cross-border reach, supports modern payment methods and is accessible to all could set global standards. And it would also foster integration in Europe.