You'll never build a big business by billing people via credit cards in Africa and probably in all emerging markets, and again that problem is beingsolved within an African context by trying to build the systems to sell prepaid airtime.
Or are the forces of financial and economic contraction now so powerful that they are incapable of beingsolved by any of the tools likely to be at the disposal of the European Central Bank and government leaders in the foreseeable future?
"We witness ever-increasing transfer payments to southern European countries, and we see that the problems in these countries are not beingsolved, but aggravated more and more, " he said.