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Agree James. And they for surely do - large enterprises setting deadlines and especially public sectors. "How can I save tax payers' money today" is of course the first thought in the morning when a civil servant wakes up. This is of course a question of much more than just saving costs.

Do you think it is a good idea not to try to minimize use of cash?

As long as we can deliver and receive structured data - and of course using UNCEFACT CIIv2 content standards and ISO20022 message standards (for invoice, payment reference, payment as SEPA and wider, account statement, soon VAT reporting, factoring etc) an PDF somewhere in the middle does not disturb. But the endgame is naturally structured-out and structured-in - without any need for conversions or other extras.

We have now learned that half-pregnant is expensive.

We can afford better indeed - and when it is our turn others can afford it..

Yes - so let us use bank resources on something that is real and creates value in new dimensions - for example extended payments (a 250bn productivity improvement for enterprises in Europe)

Not only is the breakup impossible - without a global economy catastrophy - it would also be a disaster to have to use scarce IT-resources for something that do not deliver new value in banking - on the contrary destroys it.

Breaking up the euro is not possible - without a total breakdown of the economy. More or less contingency is then to spit into a fire.

Garner: "By 2014, major national defaults in Europe will lead to the collapse of more than one-third of European banks."

A consolidation is surely needed - but that it will happen through "defaults" and even "major national defaults" is of course extremely unlikely on EU-level - even on national level. State ownership will grow but it can take longer than 2014 for taxpayers to get out with profit.

Key reasons why we have to demand all governments to take firm action (deadlines for paper and e-mailed PDFs):

1. save tax payers' money

2. push SMEs across service and process digitalization thresholds

3. collect VAT and other taxes due

4. cut CO2 emissions