Today, together with a group of distinguished economists and Members of the European Parliament (MEPs), we sent an open letter to the Governing Council of the European Central Bank (ECB). Our collective call is for a thorough reassessment of the minimum reserve requirements imposed on commercial banks within the euro area. Among the signatories are academics Paul De Grauwe, Yuemei Ji, Andrea Roventini, Sebastian Diessner and Philipp Heimberger, and MEPs including René Repasi, Philippe Lamberts, Bas Eickhout, Henrike Hahn, Paul Tang and Evelyn Regner. We are also joined by the UN Special Rapporteur, Olivier De Schutter.
How many women are there in the ECB Governing Council? And in boardrooms and the broader financial sector? Why does gender equality matter in macro-finance and beyond?
Climate-vulnerable countries across the Global South are facing a vicious climate-public debt cycle.
Our carefully curated list of books, explored by the Positive Money Europe team, for the summer of 2023
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.
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.