3 ms·

It is indeed completely unfair as Argentina is a single country of 45M people while Europe has ~10x the population and consists of 27countries - the fact that i

It is indeed completely unfair as Argentina is a single country of 45M people while Europe has ~10x the population and consists of 27countries - the fact that international bank transfers took longer to implement than intranational ones in a single country is kind of irrelevant? Or are you saying that argentina implemented international bank transfers (... With whom?) In only one year?

wslh 3y ago
Argentina implemented local bank to bank transfer without fees in less than one year. Not only saying that, I was a witness. I don't know how population size is relevant in this context. Instagram has 2.4b users. Please think that I am comparing a country light years from EU resources. I know SEPA includes many countries but even so the comparison is relevant.
- malermeister 3y ago
  Argentina is a single country. SEPA covers 27. How long do bank transfers from Argentina to, say... Colombia take? I honestly don't know, but I'm going to assume longer than they do between EU countries.
  - wslh 3y ago
    We can benchmark both and continue the discussion since we can engage in a apples vs organges discussion. This is where qualitative metrics are important. We are talking about 7 years of difference and Argentina is a complete stalled political system. One more thing, this was in the middle of the highest crisis since 2000. At least it shows that when politicians need to move forward it happens. BTW, Argentina also had many local banks in different regions. The EU region is just ~1.5x larger than Argentina.
    - troupo 3y ago
      So. Argentina: 1 country. 1 currency. 1 law applicable to the entire country. SEPA: EU + Iceland, Liechtenstein, Norway, Switzerland, and the United Kingdom: 31 countries. 12 currencies (7 currencies in the EU alone [1]). 31 different laws (while EU countries must adhere to the overall EU laws, they are free to implement their own laws as they see fit within the general framework). wslh: yes, yes, they are entirely comparable, after all Argentina also has regions. [1] https://en.wikipedia.org/wiki/Currencies_of_the_European_Union https://en.wikipedia.org/wiki/Currencies_of_the_European_Uni... Turkish Lyra is used in Northern Cyprus which, while de jure part of Cyprus, is not in the EU.
      - wslh 3y ago
        Again, do you know Argentina? If Argentina could implement this in one year in 2001 I assume that EU could implement it faster almost a decade after.
        troupo 3y ago
        Again, two people gave you clear reasons why. And yet you keep saying that apple and orange is the same fruit

wslh 3y ago

Argentina implemented local bank to bank transfer without fees in less than one year. Not only saying that, I was a witness. I don't know how population size is relevant in this context. Instagram has 2.4b users. Please think that I am comparing a country light years from EU resources. I know SEPA includes many countries but even so the comparison is relevant.

malermeister 3y ago
Argentina is a single country. SEPA covers 27. How long do bank transfers from Argentina to, say... Colombia take? I honestly don't know, but I'm going to assume longer than they do between EU countries.
- wslh 3y ago
  We can benchmark both and continue the discussion since we can engage in a apples vs organges discussion. This is where qualitative metrics are important. We are talking about 7 years of difference and Argentina is a complete stalled political system. One more thing, this was in the middle of the highest crisis since 2000. At least it shows that when politicians need to move forward it happens. BTW, Argentina also had many local banks in different regions. The EU region is just ~1.5x larger than Argentina.
  - troupo 3y ago
    So. Argentina: 1 country. 1 currency. 1 law applicable to the entire country. SEPA: EU + Iceland, Liechtenstein, Norway, Switzerland, and the United Kingdom: 31 countries. 12 currencies (7 currencies in the EU alone [1]). 31 different laws (while EU countries must adhere to the overall EU laws, they are free to implement their own laws as they see fit within the general framework). wslh: yes, yes, they are entirely comparable, after all Argentina also has regions. [1] https://en.wikipedia.org/wiki/Currencies_of_the_European_Union https://en.wikipedia.org/wiki/Currencies_of_the_European_Uni... Turkish Lyra is used in Northern Cyprus which, while de jure part of Cyprus, is not in the EU.
    - wslh 3y ago
      Again, do you know Argentina? If Argentina could implement this in one year in 2001 I assume that EU could implement it faster almost a decade after.
      - troupo 3y ago
        Again, two people gave you clear reasons why. And yet you keep saying that apple and orange is the same fruit