European Union and Monetary Union in Permanent Crisis II
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.
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.
