In recent years we have witnessed the European leaders’ inability to lead a uniform foreign policy for all the Union’s countries. The Union’s citizens for their part said “no” to a more unified Europe (in two referenda in France and the Netherlands). Can the currency bloc exist in the long term without political unity behind it?
The Board’s thinking about those goals has been informed by two considerations. First, early in the Strategic Review of Innovation, the Board identified a number of attributes that were valued by end-users, as well as some that are important in payments system design.