ecb speech, 2006-05-11
The introduction of the euro as the single currency of the euro area will only be completed with the SEPA, i.e. when consumers, businesses and governments are able to make cashless payments throughout the euro area from a single payment account anywhere in the euro area using a single set of payment instruments as easily, efficiently and safely as they can make payments today in the domestic context.
Sentiment: neutral
Topic: financial_stability