Other SEPA information
Single Euro Payments Area. Joint statement from the European Commission and the European Central Bank (Press Release of 4 May 2006) 04.05.06
In May 2006, the European Commission and the European Central Bank commented in this joint statement: "The introduction of the euro as the single currency of the euro area will only be completed when SEPA has become a reality, i.e. when consumers, businesses and governments are able to make cashless payments throughout the euro area from a single payment account anywhere in the euro area using a single set of payment instruments as easily, efficiently and safely as they can make payments today in the domestic context."