SINGLE EURO PAYMENTS AREA AND ITS IMPLICATIONS ON THE EUROPEAN SMALL AND MEDIUM-SIZED ENTERPRISES
Journal Title: CES Working Papers - Year 2010, Vol 2, Issue 3
Abstract
The scope of this article is to discuss the implications of the Single Euro Payments Area from the perspective of the European SMEs. The current unpredictable and very challenging market situation has not fundamentally changed the fact that payment services need to continue modernization in order to become more flexible, agile and adapt in order to comply with its important purpose in society.SEPA is needed to ensure the new modern payment platform that can enable Europe to move beyond basic services, increase payments efficiency, embrace innovation and integrate further services in the trade process. European Small and Medium-sized Enterprises see SEPA see SEPA as an important step towards the completion of the internal market, but such a major initiative has to be well planed, must meet the practical needs of enterprises and provide, at least in the long run, positive incentives for all market participants.
Authors and Affiliations
Andreea Avădanei
Keywords
Related Articles
- EP ID EP124101
- DOI -
- Views 86
- Downloads 0
Convergence or divergence of the European Union’s energy strategy in the Central European countries?
Even though there is no common energy policy, EU energy strategy sets the background of the energy landscape in Europe. EU energy policy responds to different challenges in the energy market. One of them is climate chang...
CIVIC PARTICIPATION-ELEMENT OF EUROPEAN DEMOCRACY
Democracy is explained by giving the power to the government, with the consent of citizens, expressing their will, directly or indirectly through voting. Promoting and respecting individual and collective rights and free...
DISCIPLINAIRIE LIABILITIES OF THE EUROPEAN PUBLIC SERVANTS
Work discipline is essential for the proper conduct of business within an organization with implications for productivity and efficiency. Disciplinary liability arises as a direct result of breach of service obligations...
MERGERS, ACQUISITIONS AND BANKING CONSOLIDATION IN CENTRAL AND EASTERN EUROPE
Acquisitions and mergers are the growth and expansion strategies that are commonly used by the companies in all over the world because of several reasons such as increasing the profit, sales and market share, entering in...
AN ASSESMENT OF THE POLICIES CONCERNING THE EU SUSTAINABLE DEVELOPMENT STRATEGY
Sustainable development has been now for more than 15 years, at the center of the objectives of the EU, being already enshrined in the Amsterdam Treaty of 1997. The basic concern of this now ubiquitous term is to assure...