Positive Money Europe is a not-for-profit research and campaigning organisation aiming to make the money system support a fair, democratic and sustainable economy. We scrutinize the European Central Bank and develop policy proposals to reform the Eurozone monetary system.
Positive Money Europe was set up by Positive Money, a UK non-profit founded in 2010. We launched Positive Money Europe in February 2018 following the success of our campaign targeting the European Central Bank “Quantitative Easing for the People’.
We are a team of three people working from Brussels, with the support from our 12 talented colleagues in the London team and the guidance from a diverse and skilled advisory panel. While we benefit from the administrative and operational support from our London office, Positive Money Europe operates with a large degree of autonomy in developing our strategy and policy proposals.
Positive Money Europe is an associate member of Finance Watch and a member of the Eurozone Watchdog Network coordinated by Transparency International EU which seeks to make the governance of the Eurozone more transparent and democratic.
Right now the money and banking system causes house price bubbles, high levels of debt, and rising inequality. It lays the foundations for financial crises. It harms our environment. And there is a large democratic deficit in the way the Eurozone works and policies are decided. We need to transform the European Monetary Union.
Our mission is for a money and banking system that serves a fair, democratic, and sustainable economy:
An economy that isn’t reliant on housing bubbles, stock markets booms, and which does not inherently increase economic inequalities. An economy where subsidies for banks are removed, and a diverse ecosystem of banks serve the needs of society.
The European Central Bank should be held accountable by elected representatives and its independence should not be a barrier to it working towards other key objectives of the EU such as inequality and sustainability goals.
Most of our funding (€77,500) comes from two grants (from Partners for New Economy and Open Society Foundations) and private donations (€10,000). Some of those grants include some restricted costs to be incurred in 2019.
NOTE: From 2018 until January 2019, Positive Money Europe has been incubated by Positive Money Ltd, with all finances and operations hosted at the UK company. Grants income has therefore been provided as part of larger grants to Positive Money for both organisation’s work. In January 2019 Positive Money Europe has become established as a new non-profit company under Belgian law (ASBL), and has its own set of separate accounts now. For more on Positive Money’s finances, please click here.
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