The European Monetary Union based on the Maastricht Treaty doesn't exist any longer. Permanent rescue parachutes, joint liability and legal presumptions by the EU Commission lead to a fiscal union with a redistributive character. Bond-purchasingprogrammes endanger the independence of the ECB. As an alternative, Dirk Meyer develops a parallel currency concept for a functioning common currency.

The Content

• Vol. I: An Inventory
• Where is a liability union already evident today?
• To what extent is the reconstruction fund NextGenerationEU the blueprint for a fiscal-centralist European Monetary Fund?
• Is a debt relief on the way?
• Are Greek "geuros" and Italian "minibots" as government money the solution?
• Why do national parallel currencies and a value-secured euro with purchasing power guarantee a constructive alternative?

Prof. Dr. Dirk Meyer has taught regulatory economics at Helmut Schmidt University in Hamburg since 1994. He was involved in two constitutional challenges against Greek bailout I and the European Financial Stabilisation Mechanism EFSF in 2010. Together with colleagues, he wrote the appeal "The euro must not lead to a liability union" in 2018. As one of the main complainants against the EU loan financing of the Covid-19 reconstruction package NextGenerationEU , he joined the lawsuit of the "Bündnis Bürgerwille" in 2021.