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Markets for distress: will the EU’s Non-Performing Loans strategy worsen the Covid19 social crisis?
After Covid19, huge numbers of households and companies are expected to have loan payment difficulties, aggravating the socially disastrous effects of the crisis and putting a serious strain on the recovery. The EU’s plans to tackle this problem are flawed and misled by the neoliberal belief that markets and financial engineering can fix this deep socio-economic problem.
European Citizens Bank: The future of the Eurozone is yours
To contribute to the Conference on the future of the EU and the ECB’s strategy review, Positive Money Europe and its partners have launched the European Citizens Bank, a participatory project which empowers citizens to formulate recommendations on the future orientations of the Eurozone’s central banks.
The ECB needs political guidance on secondary objectives
While EU Treaties clearly stipulate that the European Central Bank “shall support the general objectives of the European Union”, politicians cannot simply stand by, hoping that it will use its discretionary power to act on them, write a group of EU experts led by Positive Money Europe.
ECB trails Chinese and Brazilian central banks in combating climate change
The European Central Bank (ECB) and European Banking Authority (EBA) are failing to walk the talk on fighting climate breakdown and are lagging behind China and Brazil in their actions in response to climate change, a new study by Positive Money UK reveals.
Why green monetary policy is legal and legitimate
Those sceptical that the European Central Bank (ECB) should its green monetary policy claim this is not compatible with the ECB’s mandate, and that this would be undemocratic. But fighting climate change is part of the ECB’s mandate, and democratically elected politicians can legitimise a greener approach.
EZB-Schuldenerlass: Keine erstbeste Strategie; höchstens eine Notfalllösung
Seit dem Ausbruch der Covid-19-Krise ist eine Debatte darüber entstanden, ob wir die Staatsschulden bei den Zentralbanken abschreiben sollten. Trotz der technischen Machbarkeit ist der Schuldenerlass nicht die erstbeste Maßnahme, für die es sich zu kämpfen lohnt.