First the vaccination programme, now this. The British Chancellor on 2 March updated the Bank of England’s Monetary Policy Committee mandate to “reflect the importance of environmental sustainability and the transition to net zero.” , […]
The ECB launched a massive 750 billion euro plan to cope with the Coronavirus crisis. But these measures will only work if national governments spend as much as is necessary and outline an ambitious plan […]
In a recent speech, the Bundesbank’s President opposed “green quantitative easing” for legal, technical and political reasons. But a closer examination by Stan Jourdan shows Weidmann’s objections are weak and largely surmountable. The German establishment […]
Seven years after Mario Draghi’s “whatever it takes” speech, the European Central Bank needs to find new ways to reaffirm its ability to act. Frankfurt should clearly commit to deploying direct transfers to citizens if […]
The ECB’s constant failure in forecasting and delivering inflation close to 2% is revealing an important crisis of thinking in the ECB’s policy making. 20 years after the creation of the euro and 10 years […]
Positive Money Europe´s latest video outlining the story behind the profits made by the ECB through one of their programmes has provoked strong criticism on Twitter. They apologize for the confusion created by the video […]
The 2008 financial crash made clear how the workings of the financial world were not just technical matters for experts, but political questions that could upturn whole societies. We spoke to Stanislas Jourdan from Positive […]
Defending the euro actually showered profits on the European Central Bank – to the tune of 73 billion euros. But have the proceeds been fairly allocated? Stan Jourdan is head of Positive Money Europe Cross-posted […]
Through its peculiar “Securities Market Programme”, the European Central Bank generated billions of profits for creditor Member States such as France and Germany. Positive Money´s research shows that nearly €8 billion have been lost for […]
One month ago, the Swiss population rejected by referendum a proposal to introduce a sovereign money system. What can we learn from the campaign in Switzerland? Here are takeaways from the debate event we hosted […]
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