According to Nathalie Moreno, of Speechly Bircham, “the impacts of increased lending and bailouts to keep the Euro afloat will surely affect the ability to make a certain decision on the future of SEPA”.
To make SEPA a success “we surely would need to ensure we have a Euro”, said Gareth Lodge, a Consultant at Celent. McKee agrees with Lodge: “There is no question that the SEPA project is fundamentally tied up in the future of the euro itself."
The crucial role that banks play in the development of SEPA raises concerns since “those banks who have heard of SEPA, and an alarming number still have not, are placing big bets as a way of capitalising on their strengths and their competitors weaknesses. Whilst others are simply trying to survive the month”, said Lodge.
|Euro in jeopardy?|