I'll cut straight to the topic - Currently there quite a few EU based centralized exchanges running that deal in Euros. As things in the Bitcoin world have been evolving we have seen various issues with these centralized exchanges. Centralized exchanges operate at the mercy of their bank. At every turn there can be unexpected setbacks, such as SEPA chargeback as experienced by localbitcoins recently.

How do you feel about the current situation? Are centralized exchanges a necessary evil? Could things be improved? What do you not like about current existing exchanges?

I dislike forced USD trade (Bitstamp), exchange fees that are over 0.3%, and the volume monopoly of the biggest exchanges. And yes! I'm interested in improving the situation, thus I'm asking for your opinions and thoughts.