Copied European Union and Monetary Union in Permanent Crisis II
European Union and Monetary Union in Permanent Crisis II
The European Monetary Union based on the Maastricht Treaty doesnt 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.
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