On the operational side, the Eurosystem has taken steps to ensure the pan-European reach of instant payments by the end of 2021 through our TARGET instant payments settlement service (TIPS).7 But we know that the private sector, by contrast, has made far less progress on this front.
Part of your students’ success is their economic success as capable, creative, and productive members of the workforce and as consumers adept at managing their finances. Your students benefit from this education, but so does everyone else in society. We all benefit when better-educated citizens support economic policies that help our nation prosper.