At the height of the crisis, EU leaders decided on more Europe, not less. This strategy was confirmed in response to recent pressures on the single currency resulting from the fiscal situation in several EU Member States. Several measures have therefore been implemented to strengthen the internal market and the euro. Setting definitive deadlines for the transition to the Single Euro Payments Area (SEPA) through forthcoming EU Regulation is one important step in this direction. Once SEPA is completed, European citizens will effectively be empowered to influence government policies such as participation in the common currency.
Read the full article for the European Payments Council here