Indeed, returning to precrisis economic activity levels is likely to take time. On the one hand, some emerging economies, notably in Asia, have not experienced declines in output, yet still remain dependent upon advanced economies for future growth. Evidence of decoupling is at best mixed and export oriented strategies in those countries still prevail.
The Dutch market, however, is in favour of it, and so that is the challenge I am issuing to any payment service providers and banks here today. Show that it can be done. There is nothing to stop us from operating a “dual consent” approach in the Netherlands. And I for one would welcome it.