Dirk Meyer, "European Union and Monetary Union in Permanent Crisis II: Scenarios for the future of the euro"
English | ISBN: 3658386452 | 2022 | 429 pages | PDF | 5 MB
English | ISBN: 3658386452 | 2022 | 429 pages | PDF | 5 MB
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.