Debt crisis looms for climate vulnerable countries
Climate-vulnerable countries across the Global South are facing a vicious climate-public debt cycle.
2023 summer reading list
Our carefully curated list of books, explored by the Positive Money Europe team, for the summer of 2023
Money matters, mind matters: How living in unequal societies impacts our mental health
In Europe, the week of 22-28 May is dedicated to raising awareness about the importance of mental health. In this blog, we want to highlight how some of the main problems in today’s financial and money system also represent a threat to our mental health. This shows a need to rethink and rebuild the economy so that it works for people’s well-being and not against it.
Profits, not wages, should be the ECB’s main concern
With inflation reaching its highest levels since the euro was introduced, ECB officials have been wary of a wage-price spiral. Yet it’s profits, not wages, that are the real culprits in today’s inflation story.
Windfall profits for banks, crises for people: the money system is unfair and needs to be reformed
As a consequence of the European Central Bank (ECB) raising its interest rates, banks are making sky-high unearned extra profits, while people and public budgets are only losing out. We believe that a money system that benefits private over public interests needs to be deeply reformed.
The ECB keeps increasing rates despite its forecasts being wrong
The ECB increases rates by another 0.5 percentage points despite its’ forecasts being wrong. This decision is unprecedented and will have serious socioeconomic consequences.