Furthermore, we would like to see a clarification of the allocation of responsibilities concerning the international representation of the euro. It would also be useful to recognise the widely used term “Eurosystem”. Naturally, in all our comments the ECB does respect the prerogative of national governments and ultimately the citizens to adopt the institutional framework of the EU.
b)  Invoicing in the home currency has been discussed a great deal in recent times, which, however is quite some time away before it can be effectively implemented. In the current state of global slow-down declining exports, our exporters simply are not in a position to dictate terms. 11.