5 See Anderton, R., Aranki, T., Bonthuis, B. and Jarvis, V. (2014), “Disaggregating Okun’s law − Decomposing the  impact of the expenditure components of GDP on euro area unemployment”, Working Paper Series, No 1747, ECB, Frankfurt am Main, December.
By the end of 2010, we expect progress to have been made in developing the “SEPA for infrastructure”, i. e. complete interoperability between SEPA-compliant infrastructures in order to enable competition and market-driven consolidation. The Eurosystem will continue its dialogue with the banking industry and other stakeholders, in close collaboration with the European Commission.