Goals
The project's aim is to improve the efficiency of cross-border payments and turn the fragmented national markets for euro payments into a single domestic one. SEPA will enable customers to make cashless euro payments to anyone located anywhere in the area, using a single bank account and a single set of payment instruments.
The project includes the development of common financial instruments, standards, procedures, and infrastructure to enable economies of scale. This should, in turn, reduce the overall cost to the European economy of moving capital around the region (estimated as two to three percent of total GDP).
Read more about this topic: Single Euro Payments Area
Famous quotes containing the word goals:
“Despicable means used to achieve laudable goals renders the goals themselves despicable.”
—Anton Pavlovich Chekhov (1860–1904)
“We cannot discuss the state of our minorities until we first have some sense of what we are, who we are, what our goals are, and what we take life to be. The question is not what we can do now for the hypothetical Mexican, the hypothetical Negro. The question is what we really want out of life, for ourselves, what we think is real.”
—James Baldwin (1924–1987)
“I think that any woman who sets goals for herself and takes her own life seriously and moves to achieve the goals that she wants as a person in her own right is a feminist.”
—Frances Kuehn (b. 1943)