But now we have a fiscal treaty.” And he concluded: “The Germans should accept that the eurozone is going by way of eurobonds.” Under the current framework, the issuance of commonly guaranteed sovereign bonds would actually increase the existing mismatch between liability and control.
Prominent examples of such innovations used in the banking industry, which came to be embraced by more customers willingly with passage of time include MICR technology, electronic payment systems viz. ECS, EFT, NEFT, NFS, CTS, various type of plastic cards etc. These products and innovations were primarily supply driven with a purposeful push by regulators themselves.