For a generation of Tories defined by the economic triumph of Thatcherism, embracing bank nationalisation and massive fiscal stimulus, even just as short-term emergency measures, was beyond the imagination.
Yet if the euro is to survive, Germany will have to embrace banking union as well as a degree of fiscal and political union.
In true Hamiltonian fashion, Lincoln embraced banking and finance capitalism because he saw bank credit as a new source of energy for American society.
Consider, for instance, a stricture laid down by Matteo Arpe, boss since July 2003 of Capitalia, Italy's fourth-largest banking group, embracing three banks: Banca di Roma, Banco di Sicilia and Bipop Carire.
Smartphone-addicted Britons are embracing mobile banking, with payments via apps rocketing 54% in 2015 and reaching a value of £347m.
Younger generations are increasingly embracing online banking and almost nine in 10 people under the age of 30 live in emerging markets.
It's not hard to see large merchants, such as Amazon, embracing Open Banking in a big way so that they bypass Visa and Mastercard as much as possible.
European banks, which are just now beginning to embrace electronic banking the way banks have in the United States, are increasingly looking to cut costs by moving customers from using full-service branches to using automated teller machines and online banking operations.
To enable this model, Fidor has made its FinanceBay app store available to other banks as a white-label service, allowing all banks the ability to embrace open banking with less investment.
Almost all the banks offer online services and bank users who are yet to embrace online banking pay fees for withdrawing from the cashier or pay extra for paper statements.
On her blog, she points out that when she was trying to help launch a new generation of banking solutions, she saw "how slowly traditional banks were embracing new models of banking, especially in the U.S".
