European Central Bank chief Lagarde calls for an alternative to American Visa and Mastercard in “a march to independence”. The completion of the Capital Market Union would pave the way for the Fiscal Union. Further European integration would add €3 trillion in value (!) every year

9 comments

1. Bancontact /s

2. SS: European Central Bank President Lagarde sees massive US tariffs as a catalyst for Europe to become more self-reliant and autonomous. She talks about the importance for Europeans to “take their destiny into their own hands” and finally become who they are in “a march to independence”. Europe could take a huge leap toward independence by completing the Capital Market Union and setting the stage for the Fiscal Union. Momentum is growing in tandem with the Draghi and Letta reports to speed up the ever-closer Union. A recent study also estimates the added value of further European integration to be €3 trillion every year. That is almost four times the entire US defense budget.

3. The EC should allow a Merger of national payment schemes then.

4. This is gonna get ugly as US services are shunned

5. Watching as the United States is sidelined.

   Gradually diminishing before our very eyes…

6. France is on the job already

   https://www.thalesgroup.com/en/markets/digital-identity-and-security/banking-payment/cards/emv-white-label-payment/domestic-schemes

7. Thanks for sharing

8. India laughing in Rupay.

9. Looks like we are making a real effort for EU to rise up to the challenge

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