Despite the supposed end of quantitative easing in December 2018, future reinvestments promised by the European Central Bank mean it will purchase at least another 180 billion euros of bonds in 2019. This offers ample room for channeling the money created by the ECB more effectively.
At Thursday’s meeting of its governing council, the European Central Bank (ECB) announced that it “anticipates” ending quantitative easing (QE) by December 2018. It is the first time that the ECB has explicitly put a possible end date to its programme. This led the euro to fall, with markets worrying that the ECB’s withdrawal from its stimulus would negatively impact the Eurozone economy.
However, from a closer look it appears that the ECB’s announcement does not quite mean that quantitative easing will disappear by December. In fact the stimulus programme is here to stay for quite a long time. Continue reading “Is the end of quantitative easing near? maybe later!”
Reflecting on the critical global challenges that we are soon to confront, it is important to consider the repercussions that an Unconditional Basic Income (UBI) for all European citizens would have for entrepreneurship, progress, fairness and sustainability, and to define a realistic, clear and consistent liberal approach. Continue reading “Euro-Dividend could be one of the greatest achievements of humanity”
BASIC INCOME AND THE EURO-DIVIDEND AS SOCIOPOLITICAL
PILLARS OF THE EU AND ITS MEMBER COUNTRIES
Interdisciplinary Conference at the University of Freiburg, Germany October 11-12, 2018
In Europe, the public debate about a universal basic income (UBI) is usually a national one. In recent years a European version of a UBI has attracted more and more attention – primarily pushed by the suggestion of Philippe Van Parijs titled a “Euro-Dividend”.
This conference aims to shed light at pros and cons of a EU wide UBI regulation and its relation to national approaches from an interdisciplinary perspective. Both UBI approaches shall be analysed and discussed with respect to justice, economic and migration effects, legal aspects, creation of
solidarity in the EU, and political viability. On the first day, the conference will address general issues about UBI while the schedule of the second day contains EU-related concepts just like the Euro-Dividend.
CALL FOR PAPERS Continue reading “Basicincome & EuroDividend as sociopolitical pillars of the EU and its member countries”
Recent survey shows that a broad majority (54%) of the European population would support a “helicopter money” from the European Central Bank while only 14% would be against.
In case this wasn’t already obvious already: most Europeans would like to receive money directly from the ECB. This idea, which is most known under the nickname ‘helicopter money’ is gaining traction since the CB engaged in quantitative easing back in 2015.
A recent survey carried out by the polling company Ipsos for the Dutch bank ING shows that no less than 54% of the respondents think ‘helicopter money” would be a good idea, while only 14% are against. Continue reading “Helicopter Money is liked by 54% of Europeans”
Europe is at a crossroads. 9 months from now, the European Central Bank (ECB) is expected to start phasing out quantitative easing. And in 18 months, the next European Parliamentary elections will take place.
Now is also a good time for us to start planning ahead. So what is next for the QE for People campaign?
Here is the big news: QE for People is transforming into a brand new, shiny organisation called Positive Money Europe!
QE for People was created in 2015 as a direct response to the ECB’s QE programme. Initially the campaign was launched by a coalition of 20 civil society organisations. Among them was Positive Money UK, a research and campaign organisation which focuses on the money and banking system. Continue reading ” Introducing Positive Money Europe”
How the Bank of England might create new money to pay into the economy as a Basic Income
In televised debates during the recent general election campaign, several politicians made reference to there being no “magic money tree”. When in fact, there sort of is. This, together with a survey in 2014 that showed that only one in ten MPs know where money comes from, exposes a huge education gap amongst our most powerful elected officials, on one of the most important aspects of our economy: money. Continue reading ” Helicopter money and a basic income”
The European Parliament passed a preliminary version of its annual report on the European Central Bank, which includes a number of criticisms and proposals that the QE for People campaign has been making. Continue reading “European Parliament report includes proposals from QE for People campaign”
Europe needs bolder and stronger instruments to counter the forces of disintegration. The Eurodividend – a partial basic income paid to all Europeans – could become the policy instrument that safeguards the EU and especially the Eurozone from asymmetric economic shocks and reconciles citizens with the idea of European integration. Continue reading “Eurodividend project by UBIE”
Belgian Economist François Denuit suggests introducing the euro-dividend as a new pillar of social rights on which member states could build up their own basic income policies. A big leap forward towards building a truly and ambitious Social Europe. Continue reading “How to set up a universal basic income for all Europeans”
The European Minimum Income Network (EMIN) is an informal Network of organisations and individuals committed to achieve the progressive realisation of adequate, accessible and enabling Minimum Income Schemes. EMIN unites various experts, professionals, academics and diverse entities active in the fight against poverty and social exclusion. Continue reading “European Minimum Income Network (EMIN)”