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What may be holding Europe back as much as anything is the lack of a centralised retail payments mechanism an unglamorous back-office process that is the backbone of any financial system.
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The third thing you need is a payment system, a mechanism to make payments, either through Smart Cards or pre-paid cash cards.
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That is because the normal mechanism for making payments across Euro borders, called TARGET2, is seen as the economic trigger for a euro exit.
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Through this mechanism outlined in the bill, payments will be made to power stations to ensure there is sufficient and reliable capacity to meet demand.
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The bid-cost recovery mechanism is supposed to provide make-whole payments that cover start-up and minimum load costs for parties requesting electric energy.
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This time around, it seems that the more flexible and much weaker rouble will be used as a main shock absorber if the world crisis deepens, and should provide a mechanism for a rapid balance-of-payments adjustment.
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Google already has an online payment mechanism called Checkout that, in theory, it could use to collect payments for social games on its platform.
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