The European Monetary Union based on the Maastricht Treaty doesn't exist any longer. Permanent rescue parachutes, joint liability and legal presumptions by the EU Commission lead to a fiscal union with a redistributive character. Bond-purchasingprogrammes endanger the independence of the ECB. As an alternative, Dirk Meyer develops a parallel currency concept for a functioning common currency.

Economic policy analysis that is comprehensible without prior technical economic knowledge Combination of economic analyses and legal embedding Viable alternatives for a reform of the European monetary order are presented

Autorentext
Prof. Dr. Dirk Meyer has taught regulatory economics at Helmut Schmidt University in Hamburg since 1994. He was involved in two constitutional challenges against Greek bailout I and the European Financial Stabilisation Mechanism EFSF in 2010. Together with colleagues, he wrote the appeal "The euro must not lead to a liability union" in 2018. As one of the main complainants against the EU loan financing of the Covid-19 reconstruction package NextGenerationEU , he joined the lawsuit of the "Bündnis Bürgerwille" in 2021.

Klappentext

The European Monetary Union based on the Maastricht Treaty doesn t exist any longer. Permanent rescue parachutes, joint liability and legal presumptions by the EU Commission lead to a fiscal union with a redistributive character. Bond-purchasingprogrammes endanger the independence of the ECB. As an alternative, Dirk Meyer develops a parallel currency concept for a functioning common currency.

Inhalt

Where is a liability union already evident today?.- To what extent is the reconstruction fund the blueprint for a fiscal-centralist European Monetary Fund?.- Is debt relief coming?.- Are Greek "geuros" and Italian "minibots" as government money the solution?.- Why are national parallel currencies and a value-secured euro with purchasing power guarantee a constructive alternative?