A separatist approach to SEPA?
Thursday 29 October 2009 at 11:54
After years of speeches, SEPA (Single Euro Payment Area) is set to take off next week, on November 2nd, 2009. The SEPA vision was part originally promoted as a consequence of the European common currency. As with the Euro there are no barriers for paying cash within the Euro area, there should be no barrier for paying with financial instruments. THE Commission and the ECB define SEPA as a set of means to have “no distinction between cross-border and national payments within the euro area”.
