our areas of work
Eight MEPs from across the political spectrum have joined forces to ask the European Central Bank to properly research helicopter money. By doing so, MEPs are showing that cross-party support exists in the European Parliament for the ECB to make direct payments to eurozone residents.
The pandemic and current economic crisis exacerbate economic inequality by disproportionately burdening individuals on the lower part of the income distribution. The ECB’s asset purchases have further fueled this trend. It is time the ECB took these distributional effects into account when designing policies and instruments.
Once upon a time, market neutrality was supposed to be an untouchable holy principle of the ECB’s quantitative easing, but today the ECB has finally made loud and clear this principle should be reviewed.
Positive Money Europe’s success is underpinned by the backing of over 3,000 dedicated supporters who share our vision of a fair, democratic and sustainable eurozone. We asked them for their opinions on our work and for more information about themselves.
Interview: “If helicopter money is not an option, there are not many other tools left in the toolkit”
Positive Money Europe is calling on the European Central Bank to make debt-free payments to every eurozone resident to combat the economic crisis caused by Covid-19. In this article translated from Alternatives Economiques, our Executive Director Stanislas Jourdan explains the concept in full.
During a first-ever civil society dialogue with the ECB, Positive Money Europe quizzed President Christine Lagarde and Chief Economist Philip R. Lane on helicopter money, central bank independence and market neutrality.