FACT: Predictions for the future are notoriously unreliable and difficult to frame with any degree of certainty, regardless of subject or walk of life; doubly so when the party forecasting the future has a vested interest in pressing for a specific sequence of events or championing a particular view. Would it not therefore be somewhat presumptuous for us to seek to put forward a balanced assessment of the future evolution of the European cash management business without some readers hinting at an element of bias?